Ignazio Angeloni 26 May 2020

This report reviews Europe's banking union and suggests possible regulatory changes to revive the project, focused on three strategic goals: reducing overbanking, especially among the weaker players; favouring consolidation and efficiency among the stronger ones; and strengthening balance sheets further, while encouraging cross-border diversification.

Agnès Bénassy-Quéré, Beatrice Weder di Mauro 22 May 2020

There is no doubt that the Covid crisis represents a challenge for European unity and another crash test for the euro. This eBook brings together a collection of Vox columns proposing and analysing the appropriate responses to 'flatten the economic recession curve' and to safeguard the most impacted groups from the economic fallout of the health crisis.

Stephen Broadberry, Mark Harrison 04 May 2020

May 2020 marks the 75th anniversary of Victory in Europe, a defining moment in modern history which signalled the beginning of the end of years of bloody conflict that left a world fragmented. The scale of mobilisation of all sectors of the economy and society had redefined the concept of ‘total war’. This eBook brings together recent research on a range of aspects of the war including the extensive war preparations of the great powers; the conduct of the war (including the management of economic mobilisation, economic warfare, economic exploitation, and the role of economists); and the war’s consequences for demography, inequality, economic recovery and political attitudes. Overall this eBook provides a unique insight into the importance of economics and the sometimes overlooked role that economists played in shaping the war and its outcomes.

Richard Baldwin, Simon Evenett 29 April 2020

The COVID-19 pandemic sparked broad-ranging resort to export restrictions on medical supplies and food. This eBook asks: Should governments react to the health, economic, and trade crises by turning inward? The authors provide an unequivocal answer: No. Turning inward won’t help today’s fight against COVID-19. National trade barriers in a world of internationalised manufacturing processes will make it harder for every nation to produce vital medical supplies. Insular policies will also fail to foster economic recovery, and they are a threat to the collaborative spirit that the human race will need to defeat this threat.

Richard Baldwin, Beatrice Weder di Mauro 18 March 2020

Leading economists from around the world are calling for swift policy action to mitigate the economic damage from the global pandemic. In this second eBook on the coronavirus from CEPR and Vox, the experts are unanimous that the case for decisive and coordinated fiscal stimulus is overwhelming.

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