Policy Briefs

Compliance principles for the Digital Markets Act

This paper proposes an original set of five compliance principles derived from the DMA list of obligations.

Third time lucky? China’s push to internationalise the renminbi

This paper analyses China’s different attempts to internationalise its currency and how they have fared.

De-risking and decarbonising: a green tech partnership to reduce reliance on China

Greater alignment of the major economic powers is needed around a collective effort to improve security of supply for decarbonisation goods.

A new governance framework to safeguard the European Green Deal

This policy brief sets out policy proposals to enhance governance in order to safeguard EU decarbonisation.

Making sense of the European Commission’s fiscal governance reform plan

This Policy Brief offers proposals to enhance institutional self-commitment to implementation, with reputational consequences for non-implementation.

The EU can manage without Russian liquified natural gas

How can the European Union achieve its target of eliminating all Russian fossil-fuel imports by 2027?

Rebooting the European Union’s Net Zero Industry Act

Can Chinese growth defy gravity?

This paper discusses China’s growth for the next two decades, identifying the main challenges and factors that could mitigate its deceleration.

The value added of central bank digital currencies: a view from the euro area

Central bank digital currencies do have added value, but this is not the same for every country.

The rising cost of European Union borrowing and what to do about it

Interest rates on the EU debt have risen substantially since 2022: what are the main drivers and implications and what to do about it?

Adjusting to the energy shock: the right policies for European industry

In its industrial strategy response, the EU must ask if the energy-intensive parts of the value chain should be outsourced permanently.

The longer-term fiscal challenges facing the European Union

Since 2020, the European Union has suffered two large shocks, which have created new fiscal challenges for the EU.

Decentralised finance: good technology, bad finance

Given the importance of digitalisation, it is fair to ask whether these digital decentralised services will become established and normalised.

Will China’s new financial regulatory reform be enough to meet the challenges?

This paper aims to inform the discussion in relation to China with accounts of experiences in large and complex financial sectors.

The potential of sovereign sustainability-linked bonds in the drive for net-zero

Sovereign SLBs could help incentivise climate policies in EU countries, and accelerate emission reductions.

Phased European Union electricity market reform

In this paper, we set out a framework for evaluating the many interrelated issues in the current EU electricity market reform.