The paper analyses the relationship between deposit insurance, debt-holder monitoring, and risk taking. In a stylised banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non-deposit creditors. Testing the model using EU bank level data...

This paper investigates the in inflationary effects of fscal policy in an optimizing general equilibrium monetary model with capital accumulation, exible prices and wealth effects. The model is calibrated to Euro Area quarterly data. Simulation results show that government defcits, high debt...

In this note we demonstrate that in affine models for bilateral exchange rates, the nature of return interdependence during crises depends on the tail properties of the fundamentals' distributions. We denote crisis linkages as either strong or weak, in the sense that the dependence remains or...

The FRA delivered an opinion on 31 May on the proposed EU law on the property consequences of registered international partnerships, following a request from European Parliament on 25 April 2012. The proposed regulation (COM(2011) 127 final) does not offer civil partners the same choice as...

Following a request by the European Parliament on 5 September 2012 for an analysis of the fundamental rights issues associated with the proposed EU data protection reform package, FRA issued its opinion on the draft legislation on 1 October 2012. This FRA opinion builds in particular on opinions...

Drawing on evidence gathered in its surveys and reports, FRA submits a set of opinions aimed at improving the protection against discrimination. These could be taken into account in the implementation and the eventual reform of the EU legal framework on the protection against discrimination. The...

The proposal to establish a European Public Prosecutor’s Office (EPPO), mandated to prosecute crimes against the financial interests of the European Union, raises a number of fundamental rights issues. Following a request from the European Parliament, FRA has published an Opinion that analyses...

The study was requested as background information for the Task Force 'Convention' and has two objects: first, to take stock of the current legal status of the Charter and of problems related to the various options envisaged for giving it a more binding legal character. Secondly, the document...

Each year the European Commission draws up a Report on the monitoring of the application of Community law, in response to requests made by the European Parliament (resolution of 9 February 1983) and the Member States (point 2 of Declaration No 19 annexed to the Treaty signed at Maastricht on 7...