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As part of its efforts to reach the targets of the Kyoto Protocol, the European Commission is currently considering a new directive to reduce the per-kilometer CO2 emissions of newly registered automobiles. This paper critically assesses this proposal with respect to its economic and...
Persistent link: https://www.econbiz.de/10003725780
The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe¿s strategy to attain …
Persistent link: https://www.econbiz.de/10003785029
Persistent link: https://www.econbiz.de/10009575314
The euro area is experiencing a severe and highly complex crisis. It comprises three problem areas, the difficulties of some highly indebted European sovereigns to ascertain funding at palatable cost, the disconcerting fragility of the European banking system and disappointing growth prospects...
Persistent link: https://www.econbiz.de/10009722409
Persistent link: https://www.econbiz.de/10009788857
reforms have not yet taken hold. The EU-led macroeconomic adjustment programmes outside the euro area (e.g. Latvia) seem to … finden. Survey-basierte Evidenz legt nahe, dass Strukturreformen bisher kaum gewirkt haben. Die von der EU geführten …
Persistent link: https://www.econbiz.de/10010349252
The European Structural and Investment Funds (ESIF) are the prime instrument of EU regional policy. European policy … identification strategy linked to modern growth theory, we find that the disbursement of EU structural funds is negatively correlated …. In any case, EU structural funding does not seem to contribute effectively to foster income convergence across regions. …
Persistent link: https://www.econbiz.de/10011440788
Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...
Persistent link: https://www.econbiz.de/10011554981
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends on the comparison between the assessment of the banking union attractiveness and the robustness of a national safety net. The benefits of opting-in are still only potential and...
Persistent link: https://www.econbiz.de/10011446695