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approaches of the US, EU member states, and the EU institutions in addressing this problem. The authors then turn to possible …
Persistent link: https://www.econbiz.de/10008907719
Persistent link: https://www.econbiz.de/10001748689
The International Monetary Fund (IMF) played a ground-breaking role in understanding the financial-sector dynamics of the euro-area crisis. It was the first public authority, and one of the first more generally, to acknowledge the role of the bank-sovereign vicious circle as the central driver...
Persistent link: https://www.econbiz.de/10011584148
markets. However, the policy framework proved inadequate in the context of the major financial crisis in the EU starting in … structural institutional change for the EU, arguably the most significant since the introduction of the euro. Even in its current …
Persistent link: https://www.econbiz.de/10011613840
Employment and labor force participation (LFP) rates have increased throughout Europe since the 1990s, with little interruption from the Great Recession. While many credit labor market reforms for this progress, ongoing educational expansion might actually be more important. This implies that...
Persistent link: https://www.econbiz.de/10011983615
from the EU of the United Kingdom - home to the EU’s main capital market centre - makes the project even more relevant …. Although integrating and deepening capital markets has been a long standing goal of the EU, actual progress has been limited … development of EU capital markets. Although the European Council has repeatedly underlined the CMU’s importance, only a few of …
Persistent link: https://www.econbiz.de/10011884862
. The impact of the EU’s AML shortcomings has been further underlined by changing geopolitics and by the new reality of … European banking union. The EU legal framework combines a strong, enforceable single market with national AML supervision of … banks and other financial and non-financial firms in which the mechanisms to ensure EU-wide supervisory consistency are …
Persistent link: https://www.econbiz.de/10011936238
The banking crisis in the euro area, which started in mid-2007 and has yet to be fully resolved, has sparked considerable debate and reform, most notably the initiation of banking union starting in mid-2012. But one issue that has been largely overlooked in the debate is the peculiar ownership...
Persistent link: https://www.econbiz.de/10011738317
The depiction of the euro area/European Union (EU) as a "fourfold union" (financial union, fiscal union, economic union … (EMU). This framing of EMU and EU integration is inevitably simplistic but its four-part categorisation remains relevant … advanced further than many observers realise, even as national politics remain paramount for the vast majority of EU citizens …
Persistent link: https://www.econbiz.de/10011738356