[fre] La récente correction observée sur les marchés de capitaux et les épisodes de turbulences et de volatilité qui l’ont accompagnée constituent un défi de premier ordre pour les acteurs de marché et les autorités publiques, notamment les banques centrales. Nous ne disposons pas à...

[eng] The European monetary union : from Bretton Woods to present day . The creation of the single currency in January 1999 represented a major step forward in European integration. In just 50 years, the countries comprising Europe democratically elected to advance from a Customs Union to the...

The advanced economies — financial crisis that began in 2007 was triggered by factors that could not have been easily foreseen but also by factors that had been familiar since the Great Depression but were ignored or forgotten. However, once the crisis was apparent, central banks of the major...

The European single currency, the euro, has become a visible and successful token of Europeans' drive towards unification. It was born in an era in which high-speed structural change tests the validity of economic models and defies searches for standard policy recipes. Like all central banks,...

This paper focuses on the relevance of the insurance sector for the overall stability of the financial system by outlining the sources of risk and vulnerability facing the industry. The growing interlinkage between insurers and banks is analysed. The paper concludes by identifying some key...