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Jean Pisani-Ferry's note was prepared for the European Parliament-National Parliaments Debate on How to Raise Growth in the Euro Area? in Brussels.
Persistent link: https://www.econbiz.de/10010293549
Jean Pisani-Ferry prepared this note for a hearing before the Committee on Economic and Monetary Affairs of the European Parliament.
Persistent link: https://www.econbiz.de/10010293550
Visiting scholar Xavier Debrun, and Bruegel director Jean Pisani-Ferry contribute to the emerging discussion on reform strategies in the euro area. An earlier version of this note was presented to the Eurogroup Working Group of the Economic Policy Committee of the EU.
Persistent link: https://www.econbiz.de/10010293553
This paper discusses the creation of a European Banking Union. First, we discuss questions of design. We highlight seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union? To which categories of banks should it apply? Which...
Persistent link: https://www.econbiz.de/10010293555
era of growing multipolarity, Berlin, 27 September 2011, and at the BEPA-Polish Presidency conference on Sources of growth … in Europe, Brussels, 6 October 2011. …
Persistent link: https://www.econbiz.de/10010293558
period following the agreement of the Greek programme and summer 2011. The timeline suggests contagion effects were present …
Persistent link: https://www.econbiz.de/10010293563
Credit rating agencies (CRAs) have not consistently met the expectations placed on them by investors and policymakers. It is difficult, however, to improve the quality of ratings through regulatory initiatives. In the short term, changes to the CRAs' regulatory environment, in a context of high...
Persistent link: https://www.econbiz.de/10010293566
Jean-Claude Trichet deserves praise for fighting inflation and his handling of the financial crisis of 2007-2009. But his legacy is unfinished and we still have to see whether he will be the one who saved the euro. Important challenges remain for the incoming president. First, trust of citizens...
Persistent link: https://www.econbiz.de/10010293568
The crisis has underlined the strong interdependence between the euro-area banking and sovereign crises. To understand the role domestic banks have played in holding sovereign debt, a breakdown of government debt by holding sectors is required. The data shows that at the start of the crisis,...
Persistent link: https://www.econbiz.de/10010293573
The European Systemic Risk Board (ESRB) and the proposed prevention and correction of macroeconomic imbalances regulation (EIP) are designed to avoid imbalances. However, these instruments overlap, and need clarification. Both the ESRB and the Commission, which is given certain powers by the...
Persistent link: https://www.econbiz.de/10010293575