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In the context of securities clearing and settlement systems, the nature of governance arrangements acquires a … in the Community, the following conclusions can be drawn. Whatever the model of corporate governance used in a … governance standards or best practices adopted or recommended for companies in the jurisdiction in which it operates as such …
Persistent link: https://www.econbiz.de/10011606173
competitiveness, labour market and education and institutional governance. When comparing EU CC/PCC among themselves, large intra … the quality of their institutions and economic governance over the past decade, it is crucial that they preserve the …
Persistent link: https://www.econbiz.de/10011661910
regulations, but also emphasising the importance of good governance and efficient institutions that ensure high quality and …
Persistent link: https://www.econbiz.de/10011972273
This paper reviews the governance framework of the Lisbon Strategy and discusses the specific option of increasing the …
Persistent link: https://www.econbiz.de/10012772992
This paper uses micro data from the European Union Statistics on Income and Living Conditions (EU-SILC) to generate structural information for the euro area on the incidence of household indebtedness and the debt service burden. It breaks down incidence by characteristics such as income, age and...
Persistent link: https://www.econbiz.de/10013128171
better understanding and framing of the current reforms of EMU economic governance. It concludes that even though the crisis …
Persistent link: https://www.econbiz.de/10013128176
This paper analyses the impact of the global financial crisis on euro area cross-border financial flows by comparing recent developments with the main pre-crisis trends. Two prominent features of the period of turmoil were (i) the sizeable deleveraging of external financial exposures by the...
Persistent link: https://www.econbiz.de/10013128178
World trade contracted sharply in late 2008 and early 2009 following the deepening of the financial crisis in September 2008. This paper discusses the main mechanisms behind the global downturn in trade and its impact on euro area exports and competitiveness. It finds that the euro area was hit...
Persistent link: https://www.econbiz.de/10013137758
This paper describes in detail the methodology currently used by the European Central Bank (ECB) to determine the nominal and real effective exchange rate indices of the euro. Building on the work of Buldorini et al. (2002), it shows how the ECB's techniques for calculating effective exchange...
Persistent link: https://www.econbiz.de/10013113993
Shadow banking, as one of the main sources of financial stability concerns, is the subject of much international debate. In broad terms, shadow banking refers to activities related to credit intermediation and liquidity and maturity transformation that take place outside the regulated banking...
Persistent link: https://www.econbiz.de/10013113994