Opinion piece
25 May 2016
Lessons for the euro from early US monetary and financial history
In this essay, Jeffry Frieden looks at the process of creating a monetary union in the United States and draws lessons for the EU.
Opinion piece
25 May 2016
In this essay, Jeffry Frieden looks at the process of creating a monetary union in the United States and draws lessons for the EU.
Blog post
24 May 2016
Compared with the ‘core’ of the world economy, emerging markets have limited room for manoeuvre when it comes to applying unconventional monetary poli
Blog post
23 May 2016
Statement prepared for the European Parliament’s ECON Committee Public Hearing of 23 May.
Opinion piece
19 April 2016
Despite the economic downturn the Chinese banking system continues its expansion. Concerns are rising about the institutions' strenght, as bad loans c
Opinion piece
10 April 2016
What would happen if the ECB failed to respond to the excessively low inflation and the weak economy? And what economic policy would be suitable under
Opinion piece
30 March 2016
Fiscal policy in the euro area is hardly supporting the recovery and the ECB. The EU needs a a proper fiscal union in order to stabilise the economy
Blog post
11 March 2016
On Thursday, the ECB surprised observers by announcing a new series of four targeted longer-term refinancing operations (TLTRO II) to be started in Ju
Blog post
02 March 2016
Like the price of financial assets, the market assessment of the capacity of central banks to achieve their price stability objective fluctuates betwe
Blog post
22 February 2016
What’s at stake: The negative market reaction to the latest efforts to provide further monetary stimulus has generated an important discussion on whet
Policy brief
18 February 2016
At the current level of political and societal integration, a large federal budget is unrealistic in the euro area. The authors make three recommenda
Blog post
16 February 2016
Nicolas Véron argues that there are two major oversights in Dr Schuknecht’s anti-European Deposit Insurance outburst, respectively about deposit insur
Policy brief
15 February 2016
The ECB has made a series of changes to its QE programme in order to expand the universe of purchasable assets and have more flexibility in the execut
Policy brief
04 February 2016
This paper analyses the banking linkages between the nine ‘outs’ and 19 ‘ins’ of the banking union. It finds that the out countries could profit from
Event
22 January 2016
The ECB and its response to crises in the euro area have been in the spotlight recently. But how does EU membership affect the central banks of non-Eu
Blog post
21 January 2016
Although the Great Recession was viewed as a US problem, the Eurozone was affected by it from the start. This column compares the monetary policy resp
Event
18 January 2016
Have Central Banks lost their ability to control domestic inflation? Are macroprudential tools sufficient to ensure financial stability? Do new moneta