8

výsledky

Slovo (slova)
Druh publikace
Oblast
Autor
Klíčové slovo
Datum

Robustness, Validity and Significance of the ECB's Asset Quality Review and Stress Test Exercise

15-10-2014

This Analysis presents in plain language the main features of the Asset Quality Review and the EU-wide stress test 2014 and discusses some key issues in the interpretation of the forthcoming 2014 stress test results. It comments on selected policy issues in the implementation of the asset quality review and the stress tests into supervisory processes.

This Analysis presents in plain language the main features of the Asset Quality Review and the EU-wide stress test 2014 and discusses some key issues in the interpretation of the forthcoming 2014 stress test results. It comments on selected policy issues in the implementation of the asset quality review and the stress tests into supervisory processes.

Externí autor

Thomas Breuer

Robustness, Validity and Significance of the ECB's Asset Quality Review and Stress Test Exercise

15-10-2014

As we are moving toward a eurozone banking union, the European Central Bank (ECB) is going to take over the regulatory oversight of 128 banks in November 2014. To that end, the ECB conducted a comprehensive assessment of these banks, which included an asset quality review (AQR) and a stress test. The fundamental question is what will the financial condition of these banks be when the ECB commences its regulatory oversight? And, can the comprehensive assessment lead to a full repair of banks’ balance ...

As we are moving toward a eurozone banking union, the European Central Bank (ECB) is going to take over the regulatory oversight of 128 banks in November 2014. To that end, the ECB conducted a comprehensive assessment of these banks, which included an asset quality review (AQR) and a stress test. The fundamental question is what will the financial condition of these banks be when the ECB commences its regulatory oversight? And, can the comprehensive assessment lead to a full repair of banks’ balance sheets so that the ECB takes over financially sound banks and is the necessary regulation in place to facilitate this? Overall, the design of the assessment does not comprehensively deal with the problems in the financial sector and risks may remain that will pose substantial threats to financial stability in the eurozone.

Externí autor

Sascha Steffen

Common unemployment insurance scheme for the euro area

01-10-2014

The European Parliament has called for a “social dimension” to the Economic and Monetary Union to tackle unemployment and restore growth following the recent economic crisis. Among various alternative options, automatic stabilisers could potentially be means of stabilising the Eurozone, while at the same time addressing social problems associated with the financial crisis. This Cost of Non-Europe report explores the prospects for introducing an automatic stabilizer in the form of ...

The European Parliament has called for a “social dimension” to the Economic and Monetary Union to tackle unemployment and restore growth following the recent economic crisis. Among various alternative options, automatic stabilisers could potentially be means of stabilising the Eurozone, while at the same time addressing social problems associated with the financial crisis. This Cost of Non-Europe report explores the prospects for introducing an automatic stabilizer in the form of an Unemployment Insurance Scheme for the euro area, which will provide the monetary union with greater stability in the medium and long term. It builds on two research papers commissioned for the purpose, which are included as annexes. Analysis of its potential benefits, had it existed during the recent crisis, shows that such a scheme would have reduced the fall in GDP in the most affected Member States by 71 billion euro in the period between 2009 and 2012.  

The Cost of Non-Europe in the Single Market. Part I - Free Movement of Goods

24-09-2014

Cost of Non-Europe Reports identify the possibilities for economic or other gains and/or the realisation of a ‘public good’ through common action at EU level in specific policy areas and sectors. This Cost of Non-Europe Report seeks to analyse the costs for citizens, businesses and relevant stake-holders of remaining gaps and barriers in the European Single Market, building on and updating the 1988 Cecchini Report, which quantified its potential benefits. This particular study - the first in a series ...

Cost of Non-Europe Reports identify the possibilities for economic or other gains and/or the realisation of a ‘public good’ through common action at EU level in specific policy areas and sectors. This Cost of Non-Europe Report seeks to analyse the costs for citizens, businesses and relevant stake-holders of remaining gaps and barriers in the European Single Market, building on and updating the 1988 Cecchini Report, which quantified its potential benefits. This particular study - the first in a series - uses an econometric model to estimate the potential benefits of removing existing barriers to foreign direct investment and non-tariff trade barriers within the European Union. The removal of existing trade barriers could boost total intra-EU merchandise exports up to 7 per cent in the long-term. These effects will vary by Member State, and by sector of the internal market.

Externí autor

This study has been written by Marco Hafner, Enora Robin and Stijn Hoorens of RAND Europe at the request of the European Added Value (EAV) Unit of the Directorate for Impact Assessment and European Added Value, within the Directorate-General for Parliamentary Research Services (DG EPRS) of the General Secretariat of the European Parliament.

EU-US Transatlantic Trade and Investment Partnership: Detailed Appraisal of the Commission's Impact Assessment

15-04-2014

This research paper examines the appropriateness and validity of the methodology behind the European Commission’s Impact Assessment (IA) of the Transatlantic Trade and Investment Partnership (TTIP), focusing in particular on the underlying economic model, a computable general equilibrium (CGE). The methodology applied by CEPR for this economic modelling is analysed in depth, together with the assumptions used to make the TTIP amenable to an economic appraisal. The research paper also compares the ...

This research paper examines the appropriateness and validity of the methodology behind the European Commission’s Impact Assessment (IA) of the Transatlantic Trade and Investment Partnership (TTIP), focusing in particular on the underlying economic model, a computable general equilibrium (CGE). The methodology applied by CEPR for this economic modelling is analysed in depth, together with the assumptions used to make the TTIP amenable to an economic appraisal. The research paper also compares the IA on the TTIP with selected previous empirical economic assessments of EU trade agreements and with a set of alternative studies on the TTIP itself. In reading our findings, two central caveats should be kept in mind that affect any analysis of the CGE model included in the European Commission's Impact Assessment. First, the TTIP is a rather unusual bilateral trade agreement; and second, the TTIP is so wide-ranging that an alternative approach, such as the so-called 'partial' (equilibrium) approach – already a second-best solution – would be totally inappropriate to the case under examination.

Externí autor

Jacques Pelkmans, Arjan Lejour, Lorna Schrefler, Federica Mustilli and Jacopo Timini (CEPS)

Energy Infrastructure Priorities

09-03-2011

Energy infrastructure priorities are made on the basis of long-term energy models with underlying assumptions influencing the model results. This briefing paper analyses long-term assumptions up to 2050. It recommends that energy savings targets, CO2 reduction targets and third country interconnections for renewable electricity import are used as underlying assumptions for a longer term Impact Assessment of infrastructure priorities. Furthermore, it is recommended to set intermediate targets for ...

Energy infrastructure priorities are made on the basis of long-term energy models with underlying assumptions influencing the model results. This briefing paper analyses long-term assumptions up to 2050. It recommends that energy savings targets, CO2 reduction targets and third country interconnections for renewable electricity import are used as underlying assumptions for a longer term Impact Assessment of infrastructure priorities. Furthermore, it is recommended to set intermediate targets for 2030 and 2040.

Externí autor

M. Altmann (Ludwig-Bölkow-Systemtechnik - LBST), J. Michalski (Ludwig-Bölkow-Systemtechnik - LBST) and A. Brenninkmeijer (HINICIO)

Commodity price volatility: causes and impact on the EU agricultural markets

14-05-2010

Agricultural macroeconomic modelling has not yet adapted to the complexity of today’s world and cannot account for observed price volatility. Modelling financialized commodity markets requires a dynamics of anticipations under risk intertwined with economic dynamics, as defined here. Markets volatility doesn’t have one single cause and should be studied within global interconnected markets. Speculation appears as one major factor, together with monetary policy and some other well-known ones. Full ...

Agricultural macroeconomic modelling has not yet adapted to the complexity of today’s world and cannot account for observed price volatility. Modelling financialized commodity markets requires a dynamics of anticipations under risk intertwined with economic dynamics, as defined here. Markets volatility doesn’t have one single cause and should be studied within global interconnected markets. Speculation appears as one major factor, together with monetary policy and some other well-known ones. Full liberalization of agriculture, if anything, should increase present volatility. Steps to limit volatility are suggested. The World GCE Momagri model could help defining a consistent policy in this respect.

Externí autor

Pr. Bertrand MUNIER, Momagri

Macroeconomic Research in European Parliamentary Assemblies - An experiment in Cooperation

01-02-1989

Chystané akce

29-11-2021
The Mutual Defence Clause (Article 42(7) TEU) in the face of new threats
Slyšení -
SEDE
29-11-2021
Competitiveness of EU agriculture
Slyšení -
AGRI
30-11-2021
Eliminating Violence against Women - Inter-parliamentary committee meeting
Další akce -
FEMM

Partneři