Publications

Once upon a time, economic statistics served as the basic work tools of economists, econometricians and government officials. Beyond academia, statistics would be used by central banks plotting the va...chevron_right

The Greek government has now hit the panic button and activated the IMF/eurozone rescue plan. However, it is not clear that this bailout (whose implementation still requires approval by the German par...chevron_right

The quality of the fiscal adjustment program in Greece has become a key issue for the future of the euro area. Financial markets are signalling that they have little faith in the official mantra that ...chevron_right

On 4 March 2010, the Foreign Affairs Committee of the US House of Representatives voted by a narrow margin to recognize the massacre of up to 1.5 million Armenians, “conceived and carried out by the O...chevron_right

The Greek crisis has raised doubts about the sustainability of European Monetary Union. Greece has taken significant adjustment measures. The Eurogroup decision to provide financial support if necessa...chevron_right

After two months of heated debate among policy-makers and intense speculation in the markets, the basic conditions for the joint IMF/EU rescue operation for Greece have now been decided. But will this...chevron_right

On the morning of April 10th, the President of Poland Lech Kaczyński and 95 others, including senior government officials, political leaders and Polish patriots, were killed in a tragic plane crash ne...chevron_right

The social dimension of the internal market has been a theme for debate ever since 1987, when Jacques Delors introduced it as a counterbalance to the emerging 'Europhoria' of European business about t...chevron_right

Two swallows do not a summer make, as the old saying goes. And so you are cautioned. But still one can catch sight of two swallows in the air, suggesting that maybe the time is coming for a new and po...chevron_right

This paper argues against the view that Bulgaria’s EU accession was premature and that the mechanism for cooperation and the verification of progress (CVM) is not delivering. The EU’s continued levera...chevron_right

The dividing line between law and politics is often difficult to determine. While overtly political actors tend to highlight their capacity to make and change laws and thus control the underlying subj...chevron_right

This paper briefly introduces the basic requirements for sectoral approaches while drawing lessons from current efforts. It discusses major issues related to the capacities of a host country with a fo...chevron_right

We are pleased to be able to bring together in a single volume the excellent contributions presented at the conference on “The Future of Retail Banking in Europe: Competition and Regulatory Challenges...chevron_right

This policy brief discusses the success story of the Markets in Financial Instruments Directive (MiFID), adopted by the EU in April 2004 and implemented at Member State level by the end of 2007. Judgi...chevron_right

This paper explores the three major sources of disruptive effects in OTC derivatives: liquidity, counterparty risk and legal uncertainty. These risks affect the value chain of a typical derivative tra...chevron_right