Comment
18 April 2018
Building a stable european deposit insurance scheme
Deposit insurance, like any insurance scheme, raises moral hazard concerns.
Public debt
Showing 49-64 of 98 results
Blog post
28 February 2018
Clouds are forming over Italy’s elections
While the prospect of a gridlock reassured investors about the short-term risk of an anti-establishment government, Italy still needs a profound econo
Policy brief
18 January 2018
Risk reduction through Europe’s distressed debt market
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
Report
17 January 2018
Reconciling risk sharing with market discipline: A constructive approach to euro area reform
This publication proposes six reforms to improve the Eurozone’s financial stability, political cohesion, and potential for delivering prosperity.
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
Policy brief
28 September 2017
A European perspective on overindebtedness
The sequence of crisis and policy responses after mid-2007 was a gradual recognition of the unsustainability of the euro-area policy framework. The ba
Event
19 June 2017
Sovereign exposure limits
On 19th June, we are hosting an invitation-only workshop on sovereign exposure limits.
Comment
21 May 2017
Debt relief or a fourth financial assistance programme for Greece?
The Eurogroup faces a difficult choice on Greece — implementing a debt reduction plan drastic enough to make a return to market borrowing possible, or
Event
12 April 2017
Global outlook and policy priorities
At this event the Managing Director of the International Monetary Fund, Christine Lagarde, will speak about the global outlook and policy priorities,
Blog post
28 March 2017
A call for uniform sovereign exposure limits
Banks’ sovereign bond holdings were at the heart of the euro-sovereign crisis. The concentration of domestic bonds created a vicious cycle between gov
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
Podcast
08 November 2016
Debt resolution: moving on after the crisis
An excess of indebtedness is constraining economic growth in many economies. Indeed, the deleveraging since the financial crisis is exceptionally slow
Comment
20 October 2016
Breaking the vicious circle
Nicolas Véron argues that EU banking union can only be complete if the vast amounts of domestic sovereign debt held by many banks are reduced
Event
12 July 2016
Does the euro area need a sovereign insolvency mechanism?
The sovereign debt crisis shook the Euro to its foundations. It soon became clear that there was no mechanism to allow a tidy insolvency of a state wi
Event
05 July 2016
Sovereign and banking risks: what policies?
Exposures of banks towards sovereigns and vice-versa may be a source of systemic risk but how far can limiting these exposures in fact enhance or rath