international response to the 2007-2008 financial crisis. Particularly, the liquidity coverage ratio (LCR) introduced by the Basel …

This paper provides a policy analysis of the EU Emissions Trading System and its crisis. The aim of the research is to … give an answer to the question why the EU Emissions Trading System is in crisis and cannot be revised in an effective way … revisions of the system. For this reason, the EU Emissions Trading System can be considered to be in crisis because it is based …

output changes at an early stage. We illustrate the method with an evaluation of the impact of the 2008-2009 crisis in …

and after the start of the current financial crisis. The study finds, first, that bond yield spreads before and during the … crisis can largely be explained on the basis of economic principles. Second, markets penalise fiscal imbalances much more … US which they did not have before the crisis. These findings underpin the need for achieving sound fiscal positions in …

From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered … interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis … Taylor rules for our economy that are consistent with a strong pro-inflationary reaction during financial crisis while …

crisis since mid-2007. We also find that there is some tendency of the yield movements to be larger when the demand for the …

-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spillover effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …