A discussion of Italian and German macro-economic cultures and performances.
Join us for the launch of the eighth edition of the 'Euro Yearbook'
Study of regulatory measures and supervisory practices that have supported public guarantee schemes and moratoria in euro-area countries prepared for the ECON committee of the European Parliament.
Testimony before the European Parliament on the subject of euro area accession.
Not just the EU but also other countries, particularly China, need a defence against weaponisation of the dollar.
Testimony before the European Parliament on the International Role of the Euro.
At this event we will welcome Mario Centeno to talk about his time as President of the Eurogroup and reflect on the future of the Euro area.
Considering a new approach to find the way out of the Great Financial Crisis.
Despite progress in recent years towards a single banking policy framework in the euro area – a banking union – much of the German banking system has remained partly sheltered from uniform rules and disciplines that now apply to nearly all the area’s other banks. The resulting differences in regulatory regimes could generate vulnerabilities in the still-incomplete banking union, which is being tested in the context of the COVID-19 pandemic.
We had not seen a common challenge as clear as this pandemic. The sum of national actions and programs is likely to be insufficient.
In responding to the global financial crisis, the ECB has pushed its monetary policy into unchartered territories . Today, it appears increasingly constrained by persistently low interest rates. This paper seeks to understand this challenge and assess whether its toolkit would allow the ECB to weather a European recession.
Spreads are rising again in the euro-area at the worst possible time, when fiscal policy is needed to fight the coronavirus pandemic and the related economic shock. This blog post reviews the main options available to European policymakers, their feasibility and potential effectiveness to deal with this issue.