This Policy Brief is part of the EU-EFIGE (European Firms in a Global Economy) project which aims to address policy questions on the casual link between firm characteristics and internationalisation. Authored by Giorgio Barba Navaretti, University of Milan; Matteo Bugamelli, Bank of Italy;...

Visiting Scholar Garry Schinasi examines the European proposals for the creation of both a European Systemic Risk Board (ESRB) to oversee macroprudential regulation and a European System of Financial Supervision (ESFS) to strengthen microprudential supervision. He argues that structural...

This paper examines the implications of the global financialcrisis of 2007-10 for reform of the global financial architecture and identifies institutional and substantive reforms by organizations such as the IMF and Financial Stability Board. The publication was prepared for a conference...

This Bruegel blueprint analyses, within the framework of the EFIGE (European Firms in a Global Economy) project, the export and foreign investment performance of European firms. It is based on new cross-country data from 15,000 individual firms never available before. Written by Giorgio Barba...

The search for solutions to the euro crisis is based on a partial diagnosis that overemphasises the lack of enforcement of existing fiscal rules. Europeâ??s leaders should rather address the euro areaâ??s inherent weaknesses revealed by the crisis.At the core of euro-area vulnerability is an...

The outlook for two of the euro areaÂ?s best performing economies to date, Ireland and Spain, has darkened dramatically recently amid severe downturns in housing markets. What do these countriesÂ? experiences tell us about the functioning of EMU? BruegelÂ?s new policy brief Â?A Tail of Two...

Governance of the global economy is becoming a pressing matter and the situation is compounded by the growing number and diversity of players in the global economy. The authors argue that Europe is now in a position to take a leading role. Not only is it in Europeâ??s interest to reform the...

In this Policy Brief, Bruno van Pottelsbergh addresses two challenges: First, Europe is failing to live up to the target set in the Lisbon agenda to increase public and private-funded investment in R&D to 3 percent of GDP. Can Europe catch up? Second, since countries have different industrial...

In their policy brief, visiting Bruegel Scholar Etienne Wasmer and Research Fellow Jakob von Weizsäcker argue for wage insurance and mobility allowances for trade-displaced workers as two simple active labour market schemes that can be addressed by the European Globalisation Adjustment Fund....

This policy brief, Juan Delgado and Indhira Santos look at how EU policies should be adjusted to the higher food prices. The brief makes three policy recommendations: innovation in biofuels should be encouraged but biofuels targets should be abandoned as they are expensive and distort...