Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10009306395
Global current account imbalances widened before the 2007/2008 crisis and have narrowed since. While the post-crisis adjustment of European current account deficits was in line with global developments (though more forceful), European current account surpluses defied global trends and increased....
Persistent link: https://www.econbiz.de/10011308003
Standard simple-sum monetary aggregates, like M3, sum up monetary assets that are imperfect substitutes and provide different transaction and investment services. Divisia monetary aggregates, originated from Barnett (1980), are derived from economic aggregation and index number theory and aim to...
Persistent link: https://www.econbiz.de/10010423794
Persistent link: https://www.econbiz.de/10009564376
We study the vulnerability of 130 banks directly supervised by the European Central Bank's Single Supervisory Mechanism. Illustrative stress tests using banks' balance sheet data reveal that significant stress prevails in the euro area's smaller and medium-sized banks, many of them located in...
Persistent link: https://www.econbiz.de/10011296734
Persistent link: https://www.econbiz.de/10009535640
Persistent link: https://www.econbiz.de/10009535649
With a unique data set summarizing the quality of rules-based fiscal governance in EU member states, we show that …
Persistent link: https://www.econbiz.de/10009315724
pay in more than they receive - rather than on the broader overall positive effects of EU spending. Thelargest net … regressivesystem of revenue corrections.To inform debate on the 2021-2027 EU budget, I estimated the impact on net balances of the 2018 … EU's "operating budgetary balance" indicator, and on the basis of a new and broader indicator, the "net direct balance …
Persistent link: https://www.econbiz.de/10012302015
could be a prerequisite for the more meaningful discussions on the new EU-UK economic relationship after Brexit, such as ….1 billion, possibly with a large upfront UK payment followed by significant EU reimbursements later. …
Persistent link: https://www.econbiz.de/10011715693