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Overcome divisions and confront threats: Memo to the Presidents of the European Commission, Council and Parliament

Memo to the Presidents of the European Commission, Council and Parliament

Why are concrete economic proposals so important before the EU elections?

A tale of two treatises: the Werner and Delors Reports and the birth of the euro

Focusing on the Werner and Delors Reports, this essay aims to capture key ideas and debates, giving a chronological overview of the EMU process

The Euro at 25: Fit for purpose?

The US and Swiss messes may nudge the EU towards better international bank capital standards compliance

Bank collapses show the importance of strong capital and liquidity positions and should signal to the EU the benefits of closer adherence to Basel III

European Union countries’ recovery and resilience plans

Digital Euro blurs the lines between money and politics

A central bank-backed digital currency would put the EU in the global vanguard when it comes to taking cash payments online.

Don’t look only to Brussels to increase the supply of safe assets in the European Union

A sufficient supply of safe assets denominated in euros is critical if the European Union is to achieve a full banking and capital markets union.

If it doesn’t trade, is it really marketable debt?

Europe’s bond markets are essential infrastructure, just like the power grid.

Central Bank digital currencies as weapons of finance?

An analysis on how CBDCs can be used in emerging economies to include more people in financial systems.

Do financial markets consider European common debt a safe asset?

The interest rate on European Union bonds is now almost as high as that of supposedly riskier Spanish bonds; this risks defeating their purpose.

Euro area monetary asset demand and Divisia aggregates

The ECB’s monetary tightening: a belated start under uncertainty

A paper assessing the ECB policy errors that occurred in the last year, and the appropriateness of the current monetary policy stance of the ECB.

Euro-dollar parity: beyond symbolism

Lack of certainty that the euro will stay prevents it from a greater international role. Until addressed, the dollar will continue to be hegemon.