Economic Report
The Liikanen Group recommends that banks engaged in significant high-risk trading activities should be required to integrate these into a separate legal and economic entity within the banking group. How does this affect European banks and customers?
Economic Report
This article is part of a series of Special Reports that discuss the downside risks to the global economic outlook. In this piece, we take a closer look at the risk of de-globalisation.
Special
In 2013 the Dutch economy will show a very low growth rate of just 0.25%. Globally, the emerging markets will drive economic growth mostly. We project that, mainly as a result of the euro crisis, the global economy will grow by only 3.75% in 2013.
Economic Comment
Policy uncertainty remains high and this will have negative repercussions for growth. Thus far, financial markets have remained optimistic, but policymakers should not expect this to continue for far longer if policy visibility does not improve.
Economic Comment
Domestic residents of the euro periphery countries have increased their exposure to their respective governments as foreigners headed for the exit. This is an unwelcome development since it further reinforces the link between sovereigns and banks.
Special
The eurozone's south is implementing austerity measures while the north is buying them the time to do so. Economic issues are usually extensively discussed. But what are the political risks that might render this strategy unfeasible?
Economic Report
According to a European proposal by the European Commission, bail-in is one of the instruments every EU member state should have at its disposal in order to deal effectively with banking crises. This Special Report discusses bail-in in more detail.
Economic Report
The Economic and Monetary Union still lacks a credible crisis mechanism. The current ECB approach provides only a temporary solution. A permanent solution most likely requires muddling through for some time yet.
Country Report
The Cypriot economy is deteriorating at an alarming speed. As the country's large financial sector is heavily exposed to Greek debt, its banks have been struggling to remain solvent.
Country Report
Lithuania's recovery will slow in 2012, as domestic demand is still recovering and eurozone demand will be slow, reducing the growth of Lithuania's export sector.
Economic Report
In the first part of this series, we will show that debt, which has risen sharply in most advanced countries, is not necessarily a bad thing if it is at sustainable levels.
Economic Report
In part 2, we look at the post-crisis balance sheet adjustment process and conclude that (i) it will take many years to complete and (ii) the transitional phase will be economically painful.
Economic Comment
Central banks from around the globe have recently become more active in supporting growth. These actions are very welcome and may offer some hope for battered Western economies.
Special
In this paper we will assess the ratings given by Moody's, S&P and Fitch.
Economic Comment
On July 10, the German Constitutional Court holds the first hearing regarding appeals against the ESM, the fiscal compact and an amendment to Article 136 TFEU, which legally anchors a stability mechanism in the Treaty.