Policy brief
15 February 2018
Tales from a crisis: diverging narratives of the euro area
Who gets the blame for the crisis? How did narratives of the crisis develop since 2007? The authors of this paper tried to identify the key crisis-rel
Financial crisis
Showing 49-64 of 75 results
Blog post
22 January 2018
The financial side of the productivity slowdown
Scholars have devoted much research to the “productivity puzzle” that has emerged after the crisis, and some are investigating the role of financial f
Blog post
11 December 2017
The DSGE Model Quarrel (Again)
Dynamic Stochastic General Equilibrium models have come under fire since the financial crisis. A recent paper by Christiano, Eichenbaum and Trabandt –
Blog post
07 December 2017
Sovereign Concentration Charges are the Key to Completing Europe’s Banking Union
The past crisis revealed that most euro-area banks have disproportionate sovereign exposure in their home country. Charging banks for sovereign concen
Blog post
23 October 2017
Bailout, bail-in and incentives
Ever since the outbreak of the global financial crisis, more and more rules have been developed to reduce the public cost of banking crises and increa
Policy brief
18 October 2017
Spotting excessive regional house price growth and what to do about it
Rapidly rising house prices are a well-known source of financial instability. This Policy Contribution examines whether there are regional differences
Event
28 September 2017
Unfinished business: The unexplored causes of the financial crisis and the lessons yet to be learned
At this event Tamim Bayoumi will present his upcoming book on the financial crisis, showing how the Euro crisis and U.S. housing crash were, in fact,
Policy brief
13 July 2017
Precautionary recapitalisation: time for a review?
While precautionary recapitalisation is a legitimate instrument for bank crisis management, the conditions set for it by BRRD (Bank Recovery and Resol
External publication
12 July 2017
Precautionary recapitalisations: time for a review
Precautionary recapitalisation, a tool for public intervention in the banking sector defined in the Bank Recovery and Resolution Directive (BRRD), is
Policy brief
10 July 2017
A macro approach to international bank resolution
As regulators rush to strengthen banking supervision and implement bank resolution regimes, a macro approach to resolution is needed that considers bo
Event
14 June 2017
Lessons for the future governance of financial assistance in the EU
On 14th June, Randall Henning will present his latest book on the Euro crisis and we will discuss how financial assistance should be governed in the e
Policy brief
21 April 2017
Tackling Europe’s crisis legacy: a comprehensive strategy for bad loans and debt restructuring
Years after the start of the financial crisis, non-performing loans and private debt remain obstacles to the recovery of bank credit and investment.
Blog post
08 December 2016
Challenges to debt sustainability in advanced economies
The gross general government debt-to-GDP ratios in many advanced economies have reached the highest levels in peacetime history and continue to grow,
Policy brief
10 November 2016
Are advanced economies at risk of falling into debt traps?
One of the consequences of the global financial crisis has been rapid growth in public debt in most advanced economies. This Policy Contribution asses
External publication
18 October 2016
Currency crises in post-Soviet economies — a never ending story?
This paper offers an updated and comprehensive analysis of the currency crises in Russia and the former Soviet Union economies.
Blog post
01 February 2016
Blaming the Fed for the Great Recession
What’s at stake: Following an article in the New York Times by David Beckworth and Ramesh Ponnuru, the conversation on the blogosphere was dominated t