The innovative power of the cultural and creative sectors is essential for the further development of European economies and societies, because it: - generates well-being and cohesion; - shapes the public space used by millions of Europeans; - modernises industries and business sectors with new ...
Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation or not opening already excessively regulated markets, i...
Banks are usually better informed on the loans they originate than other financial intermediaries. As a result, securitized loans might be of lower credit quality than otherwise similar non-securitized loans. We assess the effect of securitization activity on loans’ relative credit quality emplo...
This paper has been prepared on the request of the European Commission’s Joint Research Centre (JRC) Unit for Finance, Innovation and Growth (B7). It constitutes a contribution to a long-running debate on the ownership criterion in the 2003 European Commission SME definition as applied to ventur...
With the European death toll from COVID-19 approaching 200 000 at the time of writing, the global pandemic is no doubt a crisis of historic proportions. Though unevenly, the whole of the European Union was affected by the pandemic, which upended priorities and became the overriding focus of publ...
The declared intention of policy makers is that future bank restructuring should be conducted through bail-in rather than bail-out. Over the past years there have been a few cases of European banks being restructured where creditors were bailed in. This paper exploits these events to investigate...
Since the end of last decade, several institutions of the European Union have called for public policies to boost the social economy at the European, national and regional levels. A major statement has been the Conclusions of the European Council, published on 7 December 2015, on The promotion o...
Every administration is under the spotlight over its stewardship of the economy and public finances, which account for almost half of Europe’s GDP. Across the EU, two of every five euros is contracted out for supplies, services and works: a market worth over €2 trillion annually. European Struct...
Public services encompass not just the high visibility ones (health, education, welfare, etc.), but also every instance in which some form of exchange of information or finance takes place: registering, licensing, applying, paying, borrowing, making an enquiry, etc. How are services processed, p...
