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Global value chains surveying drivers and measures : N°1739, October 2014

Amador, João (contributor); Cabral, Sónia (contributor) - European Central Bank - 2014

The production of most goods and services is nowadays vertically fragmented across different countries, as global value chains (GVCs) emerged as the current paradigm for the international organisation of production. This paper surveys part of the growing empirical literature on GVCs, starting by...

Persistent link: https://www.econbiz.de/10015301823

Mapping global value chains : N°1677, May 2014

De Backer, Koen (contributor); … - European Central Bank - 2014

World trade and production are increasingly structured around "global value chains" (GVCs). The last years have witnessed a growing number of case studies describing at the product level how production is internationally fragmented, but there is little evidence at the aggregate level on the...

Persistent link: https://www.econbiz.de/10015301839

Identifying hubs and spokes in global supply chains using redirected trade in value added : N°1670, April 2014

Lejour, Arjan (contributor); … - European Central Bank - 2014

Persistent link: https://www.econbiz.de/10015301944

The great collapse in value added trade

Nagengast, Arne J. (contributor); … - European Central Bank - 2015

Persistent link: https://www.econbiz.de/10015298363

SSM thematic review on profitability and business models : report on the outcome of the assessment

European Central Bank - 2018

In 2016 European banking supervision launched a thematic review in order to assess in more depth the profitability … models. These challenges include, among others, low profitability and pressure on revenues from the economic environment, the … strategically their business models; to monitor the consequences of weak profitability for banks' risk-taking behaviour; and to …

Persistent link: https://www.econbiz.de/10015283044

The inflationary consequences of prioritising central bank profits

Gebauer, Stefan (contributor); Pool, Sebastiaan (contributor) - European Central Bank - 2024

This paper examines the impact of rising interest rates on central bank profitability. Using a stylized income model … policies may dampen short-term profitability if interest rates rise, they do not undermine a central bank's financial strength …

Persistent link: https://www.econbiz.de/10015321131

Global value chains reshape our policy thinking

De Backer, Koen (contributor); … - European Central Bank - 2014

The international fragmentation of production in global value chains (GVCs) challenges the way we look at the global economy. It is essential to understand how global value chains work, how they affect economic performance, and how policy can help countries to derive benefits from their...

Persistent link: https://www.econbiz.de/10015301029

Global value chains : a case for Europe to cheer up

Mauro, Filippo di (contributor); Plamper, Hedwig (contributor) - European Central Bank - 2013

A higher integration of firms in global value chains is - in the public debate - often seen with suspicion and frequently made the culprit of adverse economic developments, most notably competitiveness losses, import penetration, export compression, and job shedding. New indicators based on a...

Persistent link: https://www.econbiz.de/10015304336

Global value chains : a view from the euro area

Amador, João (contributor); Cappariello, Rita (contributor) - European Central Bank - 2015

This paper describes the main features of Global Value Chains (GVCs) in the euro area taken as a whole and compares with other large trade players like the US, China and Japan. In addition, the perspective of individual euro area countries is considered, with a focus on intra euro area linkages....

Persistent link: https://www.econbiz.de/10015298664

Collateral imbalances in intra-european trade? Accounting for the difference between gross and value added trade balances

Nagengast, Arne J.; Stehrer, Robert - European Central Bank - 2014

One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...

Persistent link: https://www.econbiz.de/10011067272