Smaller is better: Disintegrated nations in an integrated Europe

Edoardo Campanella 12 August 2014

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Throughout the course of history, there are few regions in the world whose map has changed as frequently and abruptly as that of Europe. Nowadays, political forces – less violent and bloody than in the past, but equally destructive – are slowly and imperceptibly eroding the borders of several countries. Tensions within states – not enmities among competing powers – are remodelling the political geography of Europe.

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Topics:  Europe's nations and regions Global governance Politics and economics

Tags:  EU, regionalism, independence, Eurozone crisis, Catalonia, Scotland, separatism, secessionism, Flanders

The Scottish question

Angus Armstrong, Monique Ebell 26 October 2013

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In less than one year, on 18 September 2014, the Scottish electorate will vote on a question of historic significance – should Scotland remain in the UK, or should it become an independent country?

But what would an independent Scotland look like? We think that one important question that has not received nearly enough attention is debt. How will the existing UK government debt be divided between an independent Scotland and the continuing UK – assuming the remaining home nations constitute the continuing UK (Tierney 2013)?

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Topics:  Europe's nations and regions Macroeconomic policy

Tags:  independence, debt, Currency unions, Scotland, sterling

Misplaced concerns about central-bank independence

Marco Annunziata 12 February 2013

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Concerns are rising that central-bank independence is at risk, already curtailed by governments eager to control all other levers of growth. The Japanese government’s none-too-subtle strong-arming of the Bank of Japan is one of the most blatant examples (e.g. King 2013).

But the current debate on the risks to central-bank independence misses the point.

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Topics:  Institutions and economics Monetary policy

Tags:  ECB, Fed, Central Banks, Federal Reserve, fiscal policy, independence

Central bank independence and transparency: Not just cheap talk (Part 2)

Christopher Crowe, Ellen E. Meade 31 July 2008

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Using the updated measures of central bank independence and transparency that we detailed in our first column, we sought to investigate what effects these aspects of central bank governance might have on economic performance.1

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Topics:  Monetary policy

Tags:  transparency, Central Banks, independence

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