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...

As policymakers refocus on growth, the ability to take a firm-level view is key to disentangling the various factors at the root of competitiveness, and thus to designing appropriate policies. â?¢ Firm-level data provides critical information for the design of appropriate competitiveness...

In spite of the disappointing outcome of some recent summits, notably the most recent in Cannes, the G20 is and should remain the cornerstone of the global financial architecture. Its record of performance in the last three years, reviewed in this paper, is mixed but not as unambiguously...

The financial crisis exposed EuropeÂ?s inadequacy in developing an effective banking resolution framework that could bring together national authorities and set guidelines for their coordination. The European Commission, through its assessment of state aid cases, managed to avoid single market...