This report presents a novel, network-based approach to map the global positioning of the EU across industrial ecosystems, benchmarking against other geographic areas, in particular the United States and China. Building on the DGTES methodology, initially applied to the digital ecosystem, we ext...
The European Union (EU) economy depends heavily on bank funding. For this reason, strengthening EU equity markets as an alternative funding source has been a policy priority under the Capital Markets Union (CMU) agenda, and more recently a key feature of the Savings and Investment Union (SIU). E...
Shocks to a bank’s ability to raise liquidity at short notice can trigger depositor panics. Why don’t banks take a more active role in managing these risks? We study contingent risk management (hedging) in a standard global-games model of a bank run. Banks fail to hedge precisely when the exposu...
Corporate venturing is a strategic approach where established corporations engage with innovative startups to drive growth, foster innovation, and stay competitive. By harnessing Europe’s world-class research and entrepreneurial spirit, corporate venturing can become a strategic cornerstone for ...
Europe faces a well-known productivity malaise, with a large and widening aggregate productivity gap relative to the U.S. In this paper, we provide a novel diagnosis of the firm-level roots of Europe’s productivity growth slowdown through an analysis of data covering the universe of firms in Eur...
This report provides an analysis of the current financial and techno-economic landscape in Europe, with a specific focus on the role of public organizations investing in innovative companies. While the primary focus is on equity-based instruments, the report addresses the interplay between equit...
