Showing 1 - 10 of 43
The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro-prudential supervision of the largest Euro area banks. These new tasks should help complete financial integration, and make the Euro area more resilient to financial instability risks. However, the...
Persistent link: https://www.econbiz.de/10011455880
The design of the euro area Quantitative Easing (QE) programme raises the question of whether insuficient liquidity in the bond markets will reduce the impact of the programme and lead to market volatility. While estimates suggests that scarcity of around €102 billion may arise over the life...
Persistent link: https://www.econbiz.de/10011300235
were aimed at introducing more harmonization within the EU countries. However, the EU propositions faced a strong … experts gathered views on the future of social situation in the EU. They are all summarized in this Policy Brief. Main policy … form certain policies might be harmful for many EU Member States. …
Persistent link: https://www.econbiz.de/10011690940
The policy brief presents a review of potential effects of parametric pension reform in Belarus starting in 2017 for the population aged 50 and more in terms of unemployment, alcohol consumption, and poverty. It concludes that, despite the fact that raising the retirement age is overdue in...
Persistent link: https://www.econbiz.de/10011690961
This paper analyses the effect of the EU enlargement process on income convergence among regions in the EU and in the … Eastern neighbourhood of the EU. The data used is NUTS II regions in the EU and Oblasts' of Russia over the period 1996 … regional income differences are reduced within EU15. The income convergence within the EU is mainly driven by reductions in the …
Persistent link: https://www.econbiz.de/10003824026
of EU Justice and Home Affairs (ED-JHA). Practically, it defines how the export of JHA principles and norms inform the … geopolitical ambitions of the EU, i.e. the use of space for political purposes, or the control and management of people, objects …
Persistent link: https://www.econbiz.de/10003790538
change. This paper analyses the nature of the EU's current energy security problems, emphasising the increased importance of … China has entered the market for Central Asian gas, new non-Russian pipelines to the EU may not be economically feasible … modes, notable liquefied natural gas (LNG). As a spot market for LNG emerges EU energy-importing countries may face volatile …
Persistent link: https://www.econbiz.de/10003940376
The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...
Persistent link: https://www.econbiz.de/10008664981
The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries … the internal market of the EU. This would increase the wedge between members and non-members of the euro area …
Persistent link: https://www.econbiz.de/10008664982
smaller output decline than the Euro area and the entire EU while the CIS, especially its European part, contracted more … (e.g., EU) and global levels. -- global financial crisis ; emerging-market economies ; European Union ; Economic and …
Persistent link: https://www.econbiz.de/10008664983