[...] Die vorliegende explorative Studie wurde von der Bertelsmann Stiftung initiiert. Unsere Absicht war es, Argumente für eine Berücksichtigung des europäischen Mehrwerts als Entscheidungskriterium zu sammeln, indem wir die Einsparungen und Verluste genau beziffern, die Ausgaben auf...

The paper proposes a framework for assessing the impact of system-wide and bank-level capital buffers. The assessment rests on a factor-augmented vector autoregression (FAVAR) model that relates individual bank adjustments to macroeconomic dynamics. We estimate FAVAR models individually for...

This study presents a cost-benefit analysis of euro adoption for the case of Bulgaria. Based on a review of existing similar studies for other East European EU member states, it outlines the basic types of potential costs and benefits of euro adoption, and applies them to the specific Bulgarian...

The European Union introduced the concept of Trans-European transport networks in 1996 and developed it from a set of projects into a comprehensive network plan in 2013. The high-priority components of this plan (for 2050) are a core network and nine core network corridors (CNCs), which the...