The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) closely monitor the implementation of the Principles for financial market infrastructures (PFMI). This report presents the...

The labour market integration of migrants is a heavily politicised topic in Europe. Using detailed and recently updated data on migrant's motivations this paper places a much needed emphasis upon the heterogeneity of migrant groups and the pathways to their labour market integration. We focus on...

The ECB can fulfil its mandate better and contribute to a stronger Europe by adopting sensible rules instead of relying on discretionary decision-making. A simple rule for the policy rate can promote systematic monetary policy and protect against significant policy errors. Ending the reliance on...

This paper contributes to the literature on migrants' labour-market disadvantages by considering one dimension that has received limited attention in Europe: their occupations' (relative) physical arduousness. To quantify their arduousness gap, the paper combines i) data from the European Labour...

"In the 1990s, states in what would become the eastern edge of the European Union transformed their political systems and economies, leaving state socialism behind for liberal democracies and free markets. In the ensuing decades, two shipyards that were once the pride of their cities – in...