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The research indicates that financial participation can deliver real benefits for employees, enterprises and national economies. However, despite this potential, it remains little used in most Member States, and is very unevenly distributed across the EU. This background paper has updated the...
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It seems that the smaller Member States should not be very happy with the draft Constitution presented at the Thessaloniki European Council with respect to the three major issues discussed - the permanent President of the European Council, the size and composition of the Commission and the...
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We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger creates an internal money market that induces financial...
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This report provides an overview of resource efficiency policies and instruments in 31 member and cooperating countries … collect, analyse and disseminate information about national experiences in developing and implementing resource efficiency … efficiency and explores similarities and differences in policies, strategies, indicators and targets, policy drivers and …
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