Almost ten years after the European Commission action plan on building a capital markets union (CMU) and despite incremental progress, e.g. in the form of the EU Listing Act, the picture looks dire. Stock exchanges, securities markets, and supervisory authorities remain largely national, and, in...

This paper analyzes developmental trajectories in the EU. In doing so, it diagnoses economic polarization on two different levels: for one, we observe a divergence of average incomes across EU countries as a persistent empirical feature associated with European integration. For another, European...

Ukraine, migration, and the economy were uppermost on the agenda of the European Council in 2023 as EU leaders sought to maximise support for the victim of Russia's military aggression, cope with a rising number of refugees and asylum seekers and halt the EU's declining global competitiveness....

This paper analyzes developmental trajectories in the EU. In doing so, it diagnoses economic polarization on two different levels: for one, we observe a divergence of average incomes across EU countries as a persistent empirical feature associated with European integration. For another, European...

This paper analyzes developmental trajectories in the EU. In doing so, it diagnoses economic polarization on two different levels: for one, we observe a divergence of average incomes across EU countries as a persistent empirical feature associated with European integration. For another, European...

We propose and construct novel measures of the effectiveness and potential of trade blocs, combining estimation with granular data and simulation with a New Quantitative Trade Model. We deploy our methods and new indexes to quantify the potential benefits from (i) further integration within the...

This paper analyzes developmental trajectories in the EU. In doing so, it diagnoses economic polarization on two different levels: for one, we observe a divergence of average incomes across EU countries as a persistent empirical feature associated with European integration. For another, European...

The European Union is portrayed as a realm of international cooperation and coordination, of convergence and cohesion (via freedoms of movement and common policies), retaining ingrained traits such as member states geopolitical competition (with national interests on collision courses,...

How do national referendums shape political contestation? This article explores this question by examining the politicization of European integration, a key “cleavage issue” restructuring political conflict across Europe. While national referendums are often assumed to intensify public...

The results of this paper provide empirical evidence that regulatory capital ratios drive bank Credit Default Swaps (CDS) and that markets react more to changes in capital requirements if implemented via direct adjustments to Pillar 1 risk weights than imposed as a percentage of Risk-Weighted...

This paper shows that regional policies can decrease populist support. We focus on the "development objective" (Objective-1) of the European Regional Development Fund (ERDF), meant to support lagging-behind regions. For causal inference, we exploit three sources of quasi-exogenous variation in a...

How to break the populist wave? With the elections to the European Parliament ahead, and the Presidential Elections in the US looming, this question bothers policymakers in many Western democracies. Our study shows that regional policies effectively decrease populist support. Specifically, EU...

Wie kann der Aufstieg des Populismus gestoppt werden? Angesichts der bevorstehenden Wahlen zum Europäischen Parlament und der Präsidentschaftswahlen in den USA beschäftigt diese Frage politische Entscheidungsträger in vielen westlichen Demokratien. Unsere Studie zeigt, dass...

Almost ten years after the European Commission action plan on building a capital markets union (CMU) and despite incremental progress, e.g. in the form of the EU Listing Act, the picture looks dire. Stock exchanges, securities markets, and supervisory authorities remain largely national, and, in...

We discuss past performance and future challenges for the countries of Central and Eastern Europe (CEE). We highlight the successful convergence process of those countries, not least thanks to their integration into European and global value chains. As the external environment changes, so...

European integration, which culminated in the completion of the Single Market, the single currency and successive enlargements, is now faced with the question of strategic autonomy. Against this backdrop, the present paper has three objectives. First, it assesses the benefits of EU membership...

Banking Union is crucial for European integration, ensuring financial stability in the single market for financial services. The Court of Justice of the European Union (CJEU) plays an essential role in interpreting and enforcing the legal framework of the Banking Union, especially regarding the...

The results of this paper provide empirical evidence that regulatory capital ratios drive bank Credit Default Swaps (CDS) and that markets react more to changes in capital requirements if implemented via direct adjustments to Pillar 1 risk weights than imposed as a percentage of Risk-Weighted...

It is now possible, with four decades of hindsight, to look with a degree of historical perspective on the remarkable impact of the European Parliament in the years immediately after the first European elections. Having an elected Parliament among the institutions of the European Community was a...

It is now possible, with four decades of hindsight, to look with a degree of historical perspective on the remarkable impact of the European Parliament in the years immediately after the first European elections. Having an elected Parliament among the institutions of the European Community was a...

This paper shows that regional policies can decrease populist support. We focus on the "development objective" (Objective-1) of the European Regional Development Fund (ERDF), meant to support lagging-behind regions. For causal inference, we exploit three sources of quasi-exogenous variation in a...

There is a persistent narrative in European Union politics that presents the EU as 'nonideological'. A closer look, however, reveals that EU integration has been (and still is) the source of multiple ideological struggles, especially for political parties. However, we still know little about how...

In recent years, Europe has faced numerous challenges, such as the return of a war to the European continent, the consequences of a global pandemic and the growing impact of climate change. These challenges underline the importance of the rule of law, the well-functioning of the constitutional...

Since the introduction of Article 4(2) of the Treaty on European Union, the meaning and function of the notion of constitutional identity have become an important point of contention. This study, commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional...

Since the introduction of Article 4(2) of the Treaty on European Union, the meaning and function of the notion of constitutional identity have become an important point of contention. This study, commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional...

Russia's invasion of Ukraine, including the military build-up before the invasion began on 24 February, dominated every one of the nine meetings of the European Council in 2022. It affected most issues with which the European Council dealt during the year, ranging from energy policy to the...

Since the introduction of Article 4(2) of the Treaty on European Union, the meaning and function of the notion of constitutional identity have become an important point of contention. This study, commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional...

Since the introduction of Article 4(2) of the Treaty on European Union, the meaning and function of the notion of constitutional identity have become an important point of contention. This study, commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional...

Would you like to know how the EU addressed the challenges of 2023 and what it achieved during the year? Are you curious about the main policy developments and how citizens benefited from them? You can find the answers to all these questions and more in The EU in 2023.

Would you like to know how the EU addressed the challenges of 2023 and what it achieved during the year? Are you curious about the main policy developments and how citizens benefited from them? You can find the answers to all these questions and more in The EU in 2023.

Would you like to know how the EU addressed the challenges of 2023 and what it achieved during the year? Are you curious about the main policy developments and how citizens benefited from them? You can find the answers to all these questions and more in The EU in 2023.