impose costs on society rather than benefits. While rational expectations and perfect credibility are generally beneficial with …

In this paper we assess the importance given in capital markets to the credibility of the European fiscal framework. We …

United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects …

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …

equivalence of the regulatory regime for central counterparties (CCPs) of Japan with the European Markets Infrastructure … EMIR. ESMA proposes conditional equivalence As for ESMA’s advice to the Commission in respect of Japan for CCPs which clear …