WP 2017-03. Executive summary
• Property rights play a crucial role in economics: They define the very essence of this discipline, which studies how individuals exchange in order to enhance their welfare, subject to scarcity constraints.
• The recognition and enforcement of private property (...)
Bail-ins Expected after Banco Popular fails in Spain. Chewing gum accounting
Just as elections of political leaders have become difficult to predict, it is becoming harder to guess which of Europe’s beleaguered banks will be bailed out and rescued, or allowed to fail thus exposing creditors (...)
On the 8th of June UK citizen will vote to elect a new Parliament in a snap election called by current Prime Minister Theresa May. The very short campaign so far has focused very little on economic and strategic policies. The key issues considered so far have been instead immigration policies, (...)
Greece is in dire need of structural reforms, both in terms of public finances and real economy. Privatizations, especially if accompanied by appropriate liberalization policies, can improve the efficiency and profitability of a sector and can contribute to the economic success of a country. It (...)
IREF is a free-market oriented think tank based in France. It promotes ideas, debates, events, and rigorous academic research.
With regard to research, IREF supports original research projects that lead to the production of papers of academic quality of at least 7,000 words. This support is (...)
WP 2017-02. Executive summary
The prevailing opinion among national governments and supranational institutions is that climate change science is settled and drastic cuts in the emissions of CO2 and other greenhouse gases will be necessary in the next few decades to prevent dangerous climate (...)
The English translation of “Anti-Piketty”, a collection of essays by renowned international economists and historians, critical of Thomas Piketty’s volume, Capital in the 21st Century has been recently published by Cato.
Should one write a book opposing the ideas of another? It would be (...)
International trade is essential for economic growth. Similar to last year, global trade is expected to grow less than global GDP in 2017. This is not good news, especially when accompanied by the protectionist stance of global players like the US. In this scenario, the EU is failing to play (...)
Given the effort being invested into the banking turnaround story by the European authorities, and in particular the European Banking Authority, and the cohesive international supervisory effort being spearheaded by Commissioner Valdis Dombrovskis which we reported in March, you would have (...)
Last month, we reported on compliance failures at very senior levels of the Bank of England, resulting in the resignation of Charlotte Hogg. There was another scandal, also involving the Bank of England and Barclays Bank, which was breaking just as we were going to press. We decided to defer (...)Main topics