Drawing a line under Europe’s crisis
Long Title: Drawing a line under Europe’s crisis Teaser: Financial crises feed on uncertainty. This essay warns that the longer the Eurozone crisis is allowed to linger, the greater will be the...
View ArticleThe damaged ECB legitimacy
Long Title: The damaged ECB legitimacy Teaser: The European Central Bank was once known for its focus on price stability. Since the global economic crisis, however, its role has extended to saving...
View ArticleCentral banks’ voting records and future policy
Long Title: Central banks’ voting records and future policy Teaser: Does the publishing of voting records improve the transparency of monetary policy? This column argues voting records indeed contain...
View ArticleLooking beyond the incumbent: The effects of exposing corruption on electoral...
Teaser: For democratic theorists, the notion that greater transparency improves accountability is axiomatic: when voters find out about political corruption, they punish the offending politicians by...
View ArticleFed forecasts: Prudent guidance or pure guesswork?
Long Title: Federal Open Market Committee forecasts: Guesses or guidance? Teaser: As the US Federal Reserve starts to increase the transparency of its decision-making process, including the release of...
View ArticleMarket discipline, disclosure, and transparency
Long Title: Disclosure, transparency, and market discipline Teaser: Faith in market discipline has been shattered by the financial crisis. This column argues that the failure of market discipline has...
View ArticleThe effect of regulation on banks’ liquidity buffers
Long Title: The determinants of banks’ liquidity buffers and the role of liquidity regulation Teaser: What are the determinants of banks’ liquidity holdings and how are these reshaped by liquidity...
View ArticleThe sustainability factor in Spanish pensions
Long Title: The new sustainability factor of the public pension system in Spain Teaser: Based on the report issued by a Committee of Experts, the Spanish Parliament will pass a new law that implements...
View ArticleEuropean merger policy reform
Long Title: European merger policy reform Teaser: In 2004, European merger law was substantially revised, with the aim of achieving a ‘more economic approach’ to merger policy. This column discusses a...
View ArticleTax evasion and austerity-plan failure
Long Title: Tax evasion and austerity-plan failure Teaser: Greece’s austerity package included an unprecedented increase in the VAT rate, but the resulting increase in revenue was much lower than...
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