This eBook collects some of the best Vox columns on financial regulations, starting with the fundamentals of financial regulations, moving on to bank capital and the Basel regulations, and finishing with the wider considerations of the regulatory agenda and the political dimension. Collecting columns from over the past six years, this eBook maps the evolution of leading thought on banking regulation.
Youth unemployment has been at the forefront of political and academic debate since the unfolding of the Great Recession in 2008, exploited to a greater or lesser extent by the contenders of most elections that have taken place across Europe since then. Edited by Juan Dolado of the European University Institute, this eBook takes into account the relevance of policy lessons from recent experience to provide a clear analysis of the factors that affect the impact labour-market policies have on youth unemployment. The contributors present a case-by-case analysis for a range of countries across Europe, spread both geographically and also by the divergent approaches taken. It covers countries with dual vocational training systems; dual labour markets; those where the ratio between youth and adult unemployment is notably high or low; and an overview of the recently launched Youth Guarantee programme.
The 7-8 November 2013 conference in Modena was the second in a series of events aimed at sharing different ideas and perspectives on a key policy issue – what can stimulate sustained growth in economies that cannot simply add more capital or import technologies developed abroad? This is an important question not only in the short run, as Europe struggles to emerge from recession, but also over the longer term as population ageing begins to affect these mature economies.
Restarting European Long-Term Investment Finance (RELTIF) is a joint project organised by CEPR and Assonime, and supported by Emittenti Titoli. It was launched in response to the low level of investment that has been observed across Europe and the policies that have been adopted to deal with it. This Green Paper is the first output of the project and sets the stage for its future research. The paper describes the significant changes in financing of corporations that have occurred in Europe over the last few years and the reasons for them.
Macroprudentialism is now part of the standard macroeconomic toolkit but it involves a set of relatively untested policies. This new Vox eBook collects the thinking of a broad range of leading US and European economists on the matter. A consensus emerges on broad objectives of macroprudential supervision, but important disagreements remain among the authors.