Europe is facing slower growth as a result of protracted financial turbulence and spillovers from the U.S. Meanwhile, inflation has risen sharply. Policymakers in advanced economies will have to continue to support financial markets and balance risks to real activity with the need to anchor...

The recent financial crisis raises important issues about the transmission of financial shocks across borders. In this paper, a global vector autoregressive (GVAR) model is constructed to assess the relevance of international spillovers following a historical slowdown in U.S. equity prices. The...

The EU is deliberating the introduction of an explicit ""European mandate"" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given...

This paper focuses on financial interlinkages within Europe and potential contagion channeled through these interlinkages. It discusses the increased role of external financing as a source of funding for credit growth; analyzes potential channels of contagion through financial linkages; and...

Introduction -- Analytical Framework of the SIVSCE Project -- Chapter 1: Belgium (Flanders) -- Chapter 2: Denmark -- Chapter 3: England -- Chapter 4: Germany -- Chapter 5: Hungary -- Chapter 6: The Netherlands -- Chapter 7: Norway -- Chapter 8: Poland -- Chapter 9: Spain -- Chapter 10:...

Chapter 1. Introduction -- Chapter 2. Regional human capital inequality in Europe -- Chapter 3. Spatial clustering of numeracy and literacy -- Chapter 4. Human capital and market access in the European regions -- Chapter 5. The long-run impact of human capital on innovation and economic growth...