The trading of bonds and swaps largely relies on bank dealers as core market-makers. Dealers provide liquidity and trade the instruments with smaller or less active firms, in part by using their own balance sheets for inventory holding or hedging purposes. The reforms carried out in the...

We analyse how the COVID-19 crisis impacted firms' employment levels and digitalisation efforts differently depending on their pre-crisis productivity, digitalisation and growth performance. We match the EIB Investment Survey with firm-level financial statements from the ORBIS database for 27 EU...

This Working Paper investigates developments in social dialogue and collective bargaining during the first two years of the COVID-19 pandemic in a selection of European countries. The paper provides an overview of government and social partner responses. In describing responses, the main goal of...