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Persistent link: https://www.econbiz.de/10001200544
United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does. They … considers how the EU and its member states can better protect European economic sovereignty in a range of areas, including state … area, we recommend ways to improve the EU’s capacity to wield economic power, without advocating increased protectionism or …
Persistent link: https://www.econbiz.de/10012025345
Quantitative easing (QE) affects banks’ profitability in three main ways. First, as QE drives up bond prices, banks holding such bonds see their balance sheets strengthened. Second, QE reduces long-term yields and thereby reduces term spreads. With this, the lending-deposit ratio spread falls,...
Persistent link: https://www.econbiz.de/10011584166
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We study the vulnerability of 130 banks directly supervised by the European Central Bank's Single Supervisory Mechanism. Illustrative stress tests using banks' balance sheet data reveal that significant stress prevails in the euro area's smaller and medium-sized banks, many of them located in...
Persistent link: https://www.econbiz.de/10011296734
discrepancies between EU countries: countries with the same levels of house-price overvaluation have adopted very different … the next recession or reducing its impact, we argue that EU policymakers need to be better prepared to use discretionary …
Persistent link: https://www.econbiz.de/10012200629
We study whether and to what extent EU countries implement recommendations on macroeconomic imbalances given by the EU … also study how EU recommendations on addressing macroeconomic imbalances compare to recommendations given by the … International Monetary Fund. Overall implementation of recommendations by EU countries has worsened in the last few years, in …
Persistent link: https://www.econbiz.de/10011884853
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With a unique data set summarizing the quality of rules-based fiscal governance in EU member states, we show that …
Persistent link: https://www.econbiz.de/10009315724
Persistent link: https://www.econbiz.de/10009754632