Euro area reform and democratic legitimacy
Stefano Micossi discusses the European Commission’s orientations for a revised economic governance in the EU
Euro area reform and democratic legitimacy Read More »
Time to step up policy coordination in the euro area
The euro area economy has shown impressive resilience. Nevertheless, Reinhard Felke and Nicolas Philiponnet argue that policymakers should sustain vigilance and action
Time to step up policy coordination in the euro area Read More »
Headwinds persist, but EU economy is set to escape recession
Maarten Verwey and Oliver Dieckmann discuss the Commission’s Winter 2023 Economic Forecast and describe how the EU economy is set to escape recession
Headwinds persist, but EU economy is set to escape recession Read More »
Climate versus trade? Reconciling international subsidy rules with industrial decarbonisation
David Kleimann argues that environmental subsidies could be justified when emissions taxation is not feasible or is insufficient due to political economy constraints
Big techs in finance: forging a new regulatory path
Agustín Carstens considers the reach of large technology in the finance sector and the implications for public policy
Big techs in finance: forging a new regulatory path Read More »
Will a digital pound be needed by the end of this decade?
Jon Cunliffe discusses why a digital pound is needed, what the model could look like and how the digital pound may sit within the digital payments landscape
Will a digital pound be needed by the end of this decade? Read More »
Lending and market making as a last resort
Willem Buiter, Stephen Cecchetti, Kathryn Dominguez and Antonio Sánchez Serrano summarise central bank policy frameworks used when stabilising financial markets
Lending and market making as a last resort Read More »
Web3: the next internet revolution
Georgios Petropoulos and Harang Ju write that tokenisation based on blockchain technology could bring radical changes to markets for goods and services
Web3: the next internet revolution Read More »
Daring to know in times of uncertainty and structural shifts
Klaas Knot considers three structural shifts in the global economy: NBFI, cryptoassets and climate change, which affect the resilience of the global financial system
Daring to know in times of uncertainty and structural shifts Read More »
The safe asset potential of EU-issued bonds
Tilman Bletzinger, William Greif and Bernd Schwaab evaluate the prospects of EU-issued bonds for becoming a supranational euro-denominated safe asset
The safe asset potential of EU-issued bonds Read More »