Podcast
10 March 2017
Banks and borrowers in distress — Europe's NPL crisis
European banks are struggling with high amounts of non-performing loans. We look at the reasons behind this crisis, and how it affects banks, borrower
Capital markets
Showing 81-96 of 118 results
Blog post
09 March 2017
An update: Sovereign bond holdings in the euro area – the impact of QE
Since the ECB’s announcement of its QE programme in January 2015, national central banks have been buying government and national agency bonds. In thi
Working paper
06 March 2017
Institutional investors and home bias in Europe’s Capital Markets Union
Zsolt Darvas and Dirk Schoenmaker find strong support for the hypothesis that the larger the assets managed by institutional investors, the smaller th
Blog post
27 February 2017
The Trump market rally conundrum
What’s at stake: Since Donald Trump’s election in November, the US stock market has been on an unabated rally. The Dow Jones Industrial Average powere
Blog post
24 February 2017
Brexit should drive integration of EU capital markets
Brexit offers EU-27 countries a chance to take some of London’s financial services activity. But there is also a risk of market fragmentation, which c
Policy brief
09 February 2017
Brexit and the European financial system
Brexit will lead to a partial migration of financial firms from London to the EU27. This Policy Contribution provides a comparison between London and
External publication
10 January 2017
Analysis of developments in EU capital flows in the global context (3rd annual report)
The purpose of this report is to provide a comprehensive overview of capital movements in Europe in a global context.
Blog post
22 November 2016
An update: Sovereign bond holdings in the euro area – the impact of QE
Since the ECB’s announcement of its QE programme in January 2015, national central banks have been buying government and national agency bonds. In thi
External publication
16 November 2016
What role for the financial markets in Europe?
The European financial system is too strongly bank-based. How can it be rebalanced to become favourable to growth and employment again? (This paper is
Policy brief
26 September 2016
Low long-term rates: bond bubble or symptom of secular stagnation?
Yields on European sovereign bonds have reached historically low levels in 2016. This secular decline in long-term sovereign yields is not limited to
Blog post
14 July 2016
Companies' continue to respond to the ECB's corporate sector purchase programme
After a sharp increase in corporate bond issuance following the ECB’s announcement in March this year, corporates continue to respond to the Corporate
Event
12 July 2016
The impact of the EU regulatory framework for financial services
At this event Jonathan Hill will discuss the results of the European Commission consultation on the EU regulatory framework for financial services
Blog post
16 June 2016
Corporates are responding to the new ECB corporate sector purchase programme
We have observed a sharp increase in corporate bond issuance following the ECB’s announcement in March this year, but it is too early to see the effec
Blog post
19 May 2016
Sovereign bond holdings in the euro area - the impact of QE
Since the announcement of the QE programme by the European Central Bank (ECB) on 22 January 2015, national central banks have been buying government a
Event
23 February 2016
How to improve national insolvency regimes
How can we reduce divergencies in national corporate insolvency regimes in order to create an integrated Capital Markets Union?
Opinion piece
30 January 2016
The market's troubling message
Amid one of the worst market routs on record, a chorus of reassuring economic commentators insists that global fundamentals are sound and investors ar