Financial crisis

The new global imbalances: why care, why now and what should be done?

This essay analyses the causes of, and remedies for, external imbalances, and what countries should do if they do not decline

Beatrice Weder di Mauro and Jeromin Zettelmeyer

COVID-19’s economic impact on low-income countries: preparing for the next shock

COVID-19 hit low-income exporters hard, exposing risks from weak diversification and straining trade, supply systems and financial stability

Niclas Poitiers and Costanza Greppi Maturana

Is Europe ready for a major banking crisis?

This Policy Brief is a reissue of a Policy Brief published by Bruegel in August 2007

Nicolas Véron

The Blue Bond proposal

This Policy Brief is a reissue of a Policy Brief published by Bruegel in May 2010

Jacques Delpla and Jakob von Weizsäcker

Sudden stops in the euro area

This Policy Brief is a reissue of a Policy Brief published by Bruegel in March 2012

Silvia Merler and Jean Pisani-Ferry

When Greece was on the brink of euro exit: disaster averted, lessons learned

There are good arguments for greater European integration, but it must be built on trust, not spun out of crisis

Marco Buti, Klaus Regling and Thomas Wieser

Ireland’s journey from crisis to confidence

A conversation on Ireland’s economic recovery, housing crisis and international role

Rebecca Christie, Eamon Gilmore and Patrick Honohan

1982: the debt crisis that could have destroyed Western banking

What we can learn from four decades of financial turmoil and recovery

Paul Blustein, Rebecca Christie and Jérôme Sgard

Recessions, the energy mix and environmental policy

This paper highlights that recessions result in permanent increases in energy efficiency and in the share of renewables in total electricity.

Pragyan Deb, Davide Furceri, Jonathan D. Ostry and Nour Tawk

Central banks: uncertainty is the problem, not managing the trilemma

Regaining price stability is difficult but doable; the bigger problem facing central banks is economic uncertainty.

Francesco Papadia

The US and Swiss messes may nudge the EU towards better international bank capital standards compliance

Bank collapses show the importance of strong capital and liquidity positions and should signal to the EU the benefits of closer adherence to Basel III

Nicolas Véron

Doing ‘whatever it takes’ to save the banks

Maria Demertzis

Fast and furious: how digital bank runs challenge the banking-crisis rulebook

The speed of recent bank failures has shown the need for more systemic protection of the financial system.

Silvia Merler

Banking turbulence is not a reason to pause monetary tightening

Despite calls for interest rate hikes to be paused, both the ECB and Federal raised rates- which was the right decision.

Zsolt Darvas

The European Central Bank’s latest move tells a clear story

The European Central Bank is right not to over-react to recent banking problems.

Francesco Papadia