We are excited to report that the IREF paper "The collateral effects of political integration on credit growth in the new member states of the EU" by Andreas Hoffmann has been recently published in Economic Systems.
Since 2009, low interest rates have been associated with (...)
The creation of a European Digital Single Market is moving forward, but the risk of regulatory capture is significant and it is undermining the success of the project.
The reduction of roaming costs Consistent with the EU strategy of creating a Digital Single Market, the abolition of (...)
The European Banking Can Nears the End of the Road
“The key thing to know about Lehman Brothers is that it did not cause the financial crisis, it revealed the financial crisis”
The Credibility of Central Banks is Irreparably Damaged. Critics of Policy Grow as More (...)
Speculation: Beneficial to the Market Economy
Speculators are currently not very popular. For the globalisation sceptics from Attac speculation is to be blamed for high food prices and famines in third world countries. The German Minister for Economic Affairs, Sigmar Gabriel accuses the (...)
As QE becomes widely discredited, German policymakers end their uneasy truce with the ECB. Banking woes deepen.
Central Banks under fire for crossing the line into fiscal policy. Claudio Borio, head of monetary and economic research at the Bank for International (...)
The Italian Prime Minister, Matteo Renzi, has recently announced the intention of the government to invest 13 billion euros to help modernizing Italian manufacturing. Leaving aside reasonable doubts regarding how the government will manage to raise these funds, it appears evident that Mr Renzi (...)
Economic Growth without a Government?
Germany 2005, Belgium 2010-2011, USA 2013, Spain 2016: Even in well established democracies it can happen that governments lose a substantial part of their competencies or have to confine themselves to their representative tasks. There can be various (...)
The EU Commission’s investigation
After a three-year investigation, on the 30th of August 2016 the European Commission has concluded that Ireland should recover up to €13bn (£11bn) from Apple. The Commissioner, Margrethe Vestager, said that Ireland allowed Apple to pay substantially less than (...)
Capitalism and Democracy: A recipe for Wealth and Freedom
Almost 90% of all Germans believe that democracy is the best political system, despite the slight decrease in approval ratings during the past few years. However, only a quarter of the population thinks the same way about capitalism, (...)
The absence of structural reforms brings the effectiveness of ECB policy increasingly into question. The Financial Stability Board claims that banking reform is largely complete. Despite a quiet summer, there is plenty of evidence that it (...)Main topics