We investigate to what extent the destination of exports and export composition affect the export performance of euro area countries, using a dataset on exports from euro area countries to their top 20 trade partners for the period 1980-2010. Our analysis shows that European integration has not...

Financial supervision focuses on the aggregate (macroprudential) in addition to the individual (microprudential). But an agreed framework for measuring and addressing financial imbalances is lacking. We propose a holistic approach for the financial system as a whole, beyond banking. Building on...

The creation of the Economic and Monetary Union (EMU) and the introduction of the euro have given a strong impetus to fiscal policy coordination in the European Union (EU). The EU fiscal framework and the Stability and Growth Pact provide for the systematic surveillance of the fiscal policies of...