The recent increase of interest rate spreads in Europe and their apparent detachment from underlying fundamental …

substantially, reflecting a change in the nature of the financial intermediation process. Together with increased securitization of … portfolio of assets, have also become more relevant. As a result, the volume of securitization, although traditionally … associated with credit markets, influences the outcomes of other asset markets. We investigate the link between securitization …

crucial sector of society needs restructuring if Europe is not to lose out in the global competition in education, research … accountability for delivering results. Establishing a large, integrated market for higher education and research in Europe, would …