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Category Archives: financial crisis
Deposit Insurance in Times of Crises: Safe Haven or Regulatory Arbitrage?
An updated version of this paper has been presented on the 2017 Biennial IADI Research Conference: Designing an Optimal Deposit Insurance System – Theory and Practice, on 1-2 June 2017 at the Bank for International Settlements in Basel. See … Continue reading
Finally, some good economic news from the Eurozone – but will it last?
Finally, good news from the Eurozone. Unemployment rates fell to 9.5% in February 2017. According to Eurostat, this is the lowest rate since May 2009. The 19 countries that have adopted the common currency are thus returning back to the unemployment level … Continue reading
Posted in Euro crisis, Europe, financial crisis, financial stability
Tagged deposit insurance, ECB, European Union, eurozone
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Benoît Cœuré on Euro Area Exit Options
Reuters titles “Letting countries leave euro zone would break ECB policy: Coeure” in their coverage of the event “25 Years after Maastricht: The Future of Money and Finance in Europe“, held at Maastricht University on February 16, 2017, which was part of the … Continue reading
Benoît Cœuré: Keynote Speech on Sustainable Globalisation: Lessons from Europe
In his keynote speech at the special event on “25 Years after Maastricht: The Future of Money and Finance in Europe“, held at Maastricht University on February 16, 2017, which was part of the Jean Monnet Workshop “Financial Globalization and … Continue reading
Posted in Euro crisis, Europe, financial crisis, financial globalization, Uncategorized
Tagged ECB, European Union, eurozone, financial globalization
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New Research Paper: The Resurgence of Cultural Borders during the Financial Crisis: The Changing Geography of Eurozone Cross-Border Depositing
This paper, jointly written with Stefanie Kleimeier and Sylvia Heuchemer, has just been published by the Journal of Financial Stability 24(2016) and can be dowloaded here (free access until June 23, 2016). The paper investigates the impact of cultural borders … Continue reading
New Working Paper: Deposit Insurance in Times of Crises: Safe Haven or Regulatory Arbitrage?
In a new working paper, co-authered with Stefanie Stefanie Kleimeier and Shusen Qi, we examine the impact of deposit insurance (DI) schemes on bilateral cross-border deposits. Our results suggest that not only the existence of explicit DI, but also DI design features, which reflect … Continue reading
Quantitative easing: Germans have nothing to lose but their fears!
The European Central Bank is due to decide whether and how to undertake quantitative easing (QE) via large-scale purchases of government debt on secondary markets. For Germany – as the Eurozone’s largest economy and one with a decidedly conservative monetary stance – … Continue reading
Posted in Euro crisis, financial crisis
Tagged ECB, eurozone, financial crisis, fiscal policy, quantitative easing
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The case for using public investment to boost growth in the Eurozone is overwhelming
One year after the Eurozone’s much hyped ‘recovery’, signalled by some green shoots in the second quarter of 2013, the region’s quarterly economic growth is flat again. Even Germany’s growth prospects have been revised downward, and recent IMF estimates point to an almost 40 … Continue reading
Posted in Euro crisis, financial crisis, fiscal policy
Tagged ECB, eurozone, financial crisis, fiscal policy
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Draghi calls for spending to rescue Euro – but will governments do ‘whatever it takes’?
In July 2012 European Central Bank president Mario Draghi famously announced that the ECB would do “whatever it takes” to rescue the Euro. And he added: “Believe me, it will be enough.” In fact, it has so far been enough to avoid … Continue reading
Posted in Euro crisis, financial crisis, financial stability, fiscal policy
Tagged ECB, eurozone, fiscal policy, Mario Draghi
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Comparative Economic Studies dedicates a special issue to global banking symposium
Comparative Economic Studies dedicates a special issue to the Maastricht symposium “Global Banking, Financial Stability, and Post-Crisis Policy Challenges” in the June 2014 issue. In this special issue the panelists reflect on the symposium discussions and share their views on the … Continue reading