papers

Reconciling risk sharing with market discipline: A constructive approach to Euro area reform

17 January 2018

financial stability, papers, publications

The CEPR policy contribution, written by a group of French and German economists, proposes six reforms which, if delivered as a package, would improve – according to the authors –…

Regulatory Cycles: Revisiting the Political Economy of Financial Crises

15 January 2018

financial stability, papers, regulation

No Comments

The IMF paper examines the political economy of financial policy during ten financial booms and busts, and presents consistent evidence of pro-cyclical regulatory policies by governments. It shows that in…

The Role of Monetary Policy and macro-prudential Tools for financial Stability in the Euro Area

16 November 2017

financial stability, papers, publications

No Comments

The policy paper first reviews the discussion around the role for central banks in financial stability and using the interest rate as a tool to this end in particular. The…

Upgrading the current EU Resolution Framework – a Focus on Bail-in and Precautionary Recapitalization

16 November 2017

papers, publications, regulation

No Comments

The policy paper describes various shortcomings in the current BRRD/SRMR framework that should be addressed. Recent case studies suggest that any pledge to avoid bailouts in the future is strictly…

EU competition policy in the European Banking Union – are the good old policies good enough?

16 November 2017

papers, publications

No Comments

The policy paper explores how the balance between different policy objectives in the financial sector has been struck within the European Banking Union context. In particular, we focus on the…

Breaking the doom loop: The euro zone basket

10 October 2017

financial stability, papers

No Comments

The authors develop a suggestion of how to break the sovereign-bank nexus which does not involve pooling and/or tranching. At the same time, it does not require capital provision for…

Bank exposures and sovereign stress transmission

17 August 2017

papers

No Comments

The authors investigate the determinants of banks’ sovereign exposures and their effects on lending during and after the crisis. Bank exposures significantly amplified the impact of sovereign stress on bank…

Profitability and balance sheet repair of Italian banks

19 August 2016

papers

No Comments

The IMF paper investigates quantitatively the current and prospective earnings capacity of Italian banks. According to the authors, the system is on the whole profitable, but there is significant heterogeneity…

Sovereign and banking risks: what policies?

5 July 2016

financial stability, papers, publications

No Comments

The issue of the Europeeye publication “European Economy” discusses the loop between sovereign and banking risks and the pros and cons of a tighter regulatory framework for banks’ sovereign exposures. It takes…

Where did the Greek bailout money go?

4 May 2016

analysis, blog, financial crisis, papers

No Comments

The paper provides a descriptive analysis of where the Greek bailout money went since 2010 and finds that, contrary to widely held beliefs, less than 5% of the overall programme…

Reconciling risk sharing with market discipline: A constructive approach to Euro area reform

Regulatory Cycles: Revisiting the Political Economy of Financial Crises

The Role of Monetary Policy and macro-prudential Tools for financial Stability in the Euro Area

Upgrading the current EU Resolution Framework – a Focus on Bail-in and Precautionary Recapitalization

EU competition policy in the European Banking Union – are the good old policies good enough?

Breaking the doom loop: The euro zone basket

Bank exposures and sovereign stress transmission

Profitability and balance sheet repair of Italian banks

Sovereign and banking risks: what policies?

Where did the Greek bailout money go?

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