The euro is 20 – time to grow up
By Jérôme Creel and Francesco Saraceno [1] At age twenty, the euro has gone through a difficult adolescence. The success of the euro has not been aided […]
EBC
Non-performing loans – A danger for the Banking Union?
By Céline Antonin, Sandrine Levasseur and Vincent Touzé The establishment of the third pillar of the Banking Union, namely the creation of a European deposit […]
What role for central bank balance sheets in the conduct of monetary policy?
By Christophe Blot, Jérôme Creel and Paul Hubert By adjusting the size and composition of their balance sheets, the central banks have profoundly changed their monetary policy […]
The redistributive effects of the ECB’s QE programme
By Christophe Blot, Jérôme Creel, Paul Hubert, Fabien Labondance and Xavier Ragot Rising inequality in income and wealth has become a key issue in discussions […]
Why a negative interest rate?
Christophe Blot and Fabien Labondance As expected, on 5 June 2014 the European Central Bank (ECB) unleashed an arsenal of new unconventional measures. The aim is […]