In March 2013 around 130 participants from academia, banking and finance, governments and central banking gathered at the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the OeNB and the Austrian Society for Bank Research to...

The expert contributors focus on global imbalances and accompanying policy challenges, competitiveness and trade, the sustainability of current growth strategies, and banking and financial stability in the light of the global economic and financial crisis. They provide a multi-disciplinary...

In the long aftermath of the acute global financial crisis of 2008/09, the need to get economies back on track and to handle high levels of public and private debt has created conflicting objectives. Challenges yet to be mastered are the need to avoid counterproductive measures of adjustment and...

Contents: Part I: Financing economic and social cohesion -- 1. Funding European solidarity / Ewald Nowotny, Doris Ritzberger-Grünwald, Helene Schuberth -- 2. The role of the European Union in fostering convergence / Benoît Cœuré -- Part II: The role of monetary policy in catching-up -- 3....