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The main strength of today’s international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...
Persistent link: https://www.econbiz.de/10011606275
This study was prepared by Sven Neelsen while he was working with the ifo Institute for Economic Research. It was completed in December 2011 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in May 2012. The study investigates long-run effects of...
Persistent link: https://www.econbiz.de/10011698336
Die Autoren zeigen, dass Griechenland trotz des Abschlusses der über acht Jahre dauernden Rettungsprogramme und einer … Investoren zu verbessern und neues Vertrauen in den Standort Griechenland zu schaffen. … during the last years, Greece still faces serious economic problems. Even though the debt crisis was temporarily defused by a …
Persistent link: https://www.econbiz.de/10011936231
This Policy Brief offers a comprehensive evaluation and comparison of the regulatory frameworks governing platform work in four European countries. The comparative analysis draws upon research conducted by the OECD and the World Economic Forum (WEF) on the principles of good regulation. Adapting...
Persistent link: https://www.econbiz.de/10014560206
In einem Vollreservesystem verlieren Geschäftsbanken die Möglichkeit, Geld aus dem Nichts zu schöpfen und sich mit Sichteinlagen ihrer Kunden zu refinanzieren. Ein Systemwechsel hätte Vor- und Nachteile. Die hervorstechenden Vorteile liegen bei einer höheren Finanzstabilität und höheren...
Persistent link: https://www.econbiz.de/10011867021
The euro crisis has rekindled questions about the advantages and disadvantages of membership in the European Monetary Union. In the Northern periphery of the EU, the different monetary regime choices of Finland and Sweden have created a particularly interesting testing ground for the benefits of...
Persistent link: https://www.econbiz.de/10012037627
The day after the news of Libra came out, it is said that Ma Huateng said on WeChat: "Libra has no technical problems, the main problem is about regulatory issues." I think this sentence is very simple, but it reflects many of his experiences, and I think it is correct. Many people's analysis of...
Persistent link: https://www.econbiz.de/10012385451
In this paper, original written for the Economic and Monetary Affairs Committee (ECON) of the European Parliament on 30 November as part of the series entitled 'The threat of currency wars: global imbalances and their effects on currencies', Bruegel Fellows Jean Pisani-Ferry and Zsolt Darvas...
Persistent link: https://www.econbiz.de/10010273698
In this Policy Contribution, Jean Pisani-Ferry, takes a look at the way the IMF his gradually making its come-back from an era of crisis confidence and legitimacy. The author believes the Fund could gain a significant role as the key institution that links macroeconomic and financial...
Persistent link: https://www.econbiz.de/10010273701
In this timely policy contribution, Visiting Scholar Ignazio Angeloni suggests that the Pittsburgh G20 may represent policymakers' last chance at real financial market reform. He develops a shortlist of recommendations for world leaders to tackle at the summit and says that world leaders at the...
Persistent link: https://www.econbiz.de/10010273718