Opinion piece
26 March 2018
Greece must capitalise on its growth momentum
Better-than-expected growth performance reflects the underlying positive changes in the Greek economy – but net investment is in fact negative, while
Opinion piece
26 March 2018
Better-than-expected growth performance reflects the underlying positive changes in the Greek economy – but net investment is in fact negative, while
Blog post
19 March 2018
Two years of elections have shown that we live in an age of increasing political and economic populism. What are the consequences of that for central
Opinion piece
12 March 2018
The recent amendments of the Chinese Constitution have stimulated much attention, focusing on the power consolidation of President Xi. Though the four
Blog post
05 March 2018
Many EU-level reports have highlighted a European Deposit Insurance Scheme (EDIS) as a necessary component of banking union, but none of these options
External publication
26 February 2018
This paper analyses the interactions between, on one hand, monetary policy and financial stability responsibilities of the ECB and, on the other hand,
Blog post
19 February 2018
Poland’s issue of a green bond earlier this month was the country’s second financing of this type, and the first ever repeat issue by a sovereign. It
Working paper
24 January 2018
This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator s optimization problem.
Policy brief
18 January 2018
The resolution of non-performing loans (NPLs), a stock of roughly €870 billion in the EU banking industry, is central to the recovery of Europe’s bank
Blog post
17 January 2018
The ability of macroprudential policies to assure financial stability and thus leave central banks free to assign the interest rate tool exclusively t
External publication
17 January 2018
This publication proposes six reforms to improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity.
Blog post
15 January 2018
A first report on a key plank of the European Union’s banking union reflects on shortcomings thus far, but also suggests that recent improvements migh
Policy brief
10 January 2018
Critical functions and public interest. What role do they play in Member States’ decision to grant liquidation aid? The author of this paper looks at
Opinion piece
05 January 2018
China's recent announcement of reforming its financial market has received little enthusiasm from the U.S. despite its potential benefits. The lack of
External publication
18 December 2017
What is the role that the concepts of critical functions and public interest play in Member States’ decision to grant liquidation aid? Silvia Merler l
Blog post
04 December 2017
The price of bitcoin has just passed $11,000. A year ago it was worth less than $800. Economists and commentators are thus increasingly concerned that
Opinion piece
04 December 2017
Beyond the opposing ideas of Jean-Claude Juncker and Wolfgang Schäuble for future euro-area governance, Guntram Wolff explores how alternatives such a