RaboResearch - Economic Research

Special

Conditional Euro T-Bills as a transitional regime

Since early 2010, tensions within the Eurozone have risen sharply. What started with a Greek confession that both projections for and past realizations of government debt and deficit statistics were blatantly off the mark, developed into a Euro crisis of systemic proportions.

Economic Report

Will Liikanen change the European bank sector

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

Bail-in: an alternative to bail-out of banks?

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

Euro crisis: institutional tug-of-war

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.

Economic Comment

Central banks to the rescue (Macro 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

Sovereign credit ratings

In this paper we will assess the ratings given by Moody's, S&P and Fitch.

Economic Comment

Is a weaker euro desirable now?

The depreciation of the euro may not result in the much-needed boost to the region’s net exports. However, it is making life difficult for households. The rise in the price of oil to near record highs is adding to eurozone’s economic woes.

Special Dutch version

Worse before it gets better

We have never actually exited the financial crisis. The problem simply shifted from consumers' assets to the banks balance sheets and ultimately landed on governments’ laps, which in Europe are currently attempting to transfer it to a supranational level.

Economic Report Dutch version

Strengthening bank crisis management

Since the credit crisis, regulators and supervisors around the world have been making plans to minimise the likelihood and impact of new banking crises. Strengthening the arrangements for bank crisis management is a part of this.

Special

Breaking up the eurozone

This paper deals with the question whether or not it is a good idea to break up the Economic and Monetary Union (EMU or eurozone).

Economic Report

Liquidity requirements from Basel make life tougher for banks

In December 2009, the Basel Committee on Banking Supervision made proposals to harmonise the oversight of banks’ liquidity. Are these new requirements even more stringent for the banking sector than the proposals for tighter capital requirements?

Special

Demystifying the paths towards debt sustainability

In this study the policy options: defaulting on debt obligations, withdrawing support measure for the banking sector, increasing inflation, boosting GDP growth and introducing austerity measures that governments have at their disposal are discussed.

Economic Comment

Should the Greeks go on a holiday?

Some market participants and notable economists are arguing that Greece needs to exit the eurozone, even temporarily, in order to regain its external competitiveness. As attractive as this option sounds, we are inclined to strongly disagree.