Systemic risk refers to the risk of financial system breakdown due to linkages between institutions. This risk cannot … for the task of assessing systemic risk and the new European Systemic Risk Board needs to address this issue. There is a … lot of exciting ongoing research devoted to measuring systemic risk and providing signals to regulators as to when and …

priced in almost no default risk in the pre-crisis years. The crisis has seen bailouts and bond purchases by the ECB but …

This paper empirically examines whether expansion of the EU has increased international tax competition. To do so, we … studies, we find robust evidence for tax competition. In particular, our estimates suggest that EU membership affects … responses with EU members responding more to the tax rates of other members. This lends credence to the above-noted concerns. …

-level financial supervision and a new European Systemic Risk Board (ESRB) are to be welcomed. The ECB's central role in the ESRB is …

publish regular stress tests, change their regulations on the risk weighting of sovereign debt and put new resolution …

The Everything But Arms agreement, introduced by the EU in 2001, eliminated duties on most imports from the least … countries to the EU. Using a panel of sector-level data across countries, our estimates suggest that, contrary to expectations …, the agreement may have increased the skill-content of these exports, benefitting the lowest-skilled EU workers at the …

The EU's Treaties were designed to limit the interaction between fiscal and monetary policies. However, over the last …