Public equity markets provide substantial social benefits. This study contributes to the evidence base needed to further advance the equity markets in Europe. To assess the functioning of primary and secondary equity markets in the EU, the analysis uses a combination of different research method...
We analyse the cross-border propagation of prudential regulation in the euro area. Using the Prudential Instruments Database (Cerutti et al., 2017b) and a unique confidential database on balance sheets items of euro-area financial institutions we estimate panel models for 248 banks from 16 euro-...
Central clearing and margin requirements in the bilateral sphere bring high benefits to financial stability and more particularly in terms of management of counterparty credit risk. Greater central clearing of derivatives and collateralisation of non-centrally cleared derivatives positions have ...
There are marked differences in productivity dynamics between countries as well as industries, often leading to substantial performance gaps, such as the gap in labour productivity between the EU and the US. In this article, we use the 2019 release of the EU KLEMS database to look into the drive...
This report presents an analysis of the main trends and developments in global and EU capital movements up to 2019 and the challenges brought about by the Covid-19 pandemic....
