This paper offers a new framework for the assessment of financial market liquidity and identifies two types: search …’s decision to sell is related to the decision to sell made by other market players at the same time. Systemic liquidity is … specific to market participants’ behaviour. This framework proves fairly powerful in identifying the role of credit derivatives …

disproportionally on the pool of young and educated workers, aggravating labour market bottlenecks in a number of EU-8 countries. For …

developments in the euro area. Following decades of stronger gains in the euro area than in the US, labour productivity growth has … euro area since the mid-1990s, which stands in sharp contrast with opposite developments in the US. The decline in labour … productivity growth experienced in the euro area since the mid-1990s resulted from both lower capital deepening and lower total …

quality indicators, (2) to apply them to measure the quality of balance of payments (b.o.p.) data at the euro area level, and … compilers to set priorities in order to improve the quality of the euro area data still further in dimensions such as accuracy …

As a major player in world trade, the euro area is strongly influenced by globalisation, but is far from being a … passive spectator. The paper analyses how the euro area’s trade specialization has changed in response to stronger … remains mixed. On the positive side, the export specialisation of the euro area is increasing in some mediumhigh or high …

to the fiscal situation or the behaviour of financial market participants calls for the monitoring of financial flows and …

-term expectations for macroeconomic variables such as euro area inflation, growth and unemployment. This paper provides an initial …

This report analyses the financial position of non-financial enterprises in the euro area, in particular the amount of … identifying the main features of the euro area, as well as the peculiarities that depend on the country of origin and the sector …. Finally, the report discusses the recent trends observed in the corporate finance landscape of the euro area over the past few …