Global economics and governance
Coordinator: André Sapir
Contributors: Zsolt Darvas, Jean Pisani-Ferry, André Sapir, Nicolas Véron, Reinhilde Veugelers, Guntram Wolff, Ignazio Angeloni, Henrik Horn, Shahin Vallée, Jürgen von Hagen
External contributors: Thilo Hanemann, Team from CEPII (Paris) led by Agnès Bénassy-Quéré
The interactions between Europe and the international economy are manifold. The crisis of the euro area has been an opportunity for the world to discover the importance of interdependence in the same way the financial crisis of 2007-2008 highlighted the magnitude of spillovers from the US onto the rest of the world. In 2011 research at Bruegel concentrated on three domains: global economic, monetary and financial governance; the reform of the international monetary system; and interdependence in the new global context. In 2012, Bruegel will continue to devote a fair share of its resources to analyzing developments in the world economy, with special attention to the interactions between, on the one side, European (or European-based) actors and, on the other side, global actors and actors located in the EU’s neighbourhood. The three main lines of research will be global governance, Asia, and the relations between the EU and major regional players.
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EU-IMF assistance to euro area countries: an early assessment
16th May 2013
This study provides an early evaluation of the assistance programmes implemented by the Troika in Greece, Ireland and Portugal. The study assesses the economic impact of the programmes and the consequences of their particular institutional set-up. -
Deleveraging and global growth
25th April 2013
Paper based on the Asia Europe Economic Forum conference of 21-22 January 2013. -
EU-Korea Economic Exchange
23rd April 2013
Articles published during the Bruegel/Korea Institute of Finance project on ‘EU-Korea policy responses to the global financial and economic crisis and the scope for internationalisation of the financial services industry’ -
Policy Lessons from the Eurozone Crisis
13th December 2012
Co-authored by Chiara Angeloni and Silvia Merler. The current European crisis has shed light on several weaknesses and the institutional incompleteness characterizing the euro area.…
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Transatlantic economic challenge in an era of growing multipolarity
24th July 2012
The contributions in this volume by subject area experts from the Peterson Institute for International Economics and Bruegel ponder how or whether the rise of…
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Macroeconomic coordination: what has the G-20 achieved?
5th June 2012
G-20 macroeconomic coordination went through three successive phases. In the first one, from Washington to Pittsburgh, the focus was on stimulating the global economy across…
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Real effective exchange rates for 178 countries: a new database
15th March 2012
Using data on exchange rates and consumer price indices and a weighting matrix, we calculate up-to-date consumer price index-based REER (the real effective exchange rate) for 178 countries – many more than in any other publicly available database – plus for the euro area. The database will be irregularly updated. -
The internationalisation path of the renminbi
13th March 2012
This paper focuses on the internationalisation sequence of the renminbi, its meaning and its outlook. It is part of a broader work, which concentrates on the consequences for the international monetary system as a whole. -
Don’t let the euro-area crisis go east
3rd February 2012
The European Union is committed to strengthening its partnership with China, as demonstrated by the fourteenth EU-China summit, to take place in Beijing on 14…
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Fiscal federalism: US history for architects of Europe's fiscal union
10th January 2012
Ever since first the blueprints for monetary union in Europe were drawn up, the United States, considered as a collection of individual states or regions, has served as a benchmark for assessing its feasibility and evaluating alternative policy options.
