Wanted: a stronger and better G20 for the global economy
Angeloni, Ignazio, Pisani-Ferry, Jean. The G20 acted as a crisis manager when global financial markets were under threat in 2008 and 2009, and contributed to a positive outcome. However since then, in the more routine work of crisis prevention, its performance has been less convincing at best, and criticism of its effectiveness has increased. Nevertheless, […]
The ECB’s Battle against Central Banking
DeLong, Bradford. When the European Central Bank announced its program of government-bond purchases, it let financial markets know that it thoroughly disliked the idea, was not fully committed to it, and would reverse the policy as soon as it could. Indeed, the ECB proclaimed its belief that the stabilization of government-bond prices brought about by […]
Credibility is not everything
Manasse, Paolo. Many have argued in recent months that the Eurozone’s emergency meetings should be about restoring credibility, with a ‘big bazooka’ or otherwise. This column looks at Italy, a country financiers are fast turning their back on. It argues however that the problem is Italy’s fundamentals – not its credibility. Πηγή: Voxeu πλήρες κείμενο
Κυριάκος Φιλίνης: Δύσκολοι καιροί για δημοψηφίσματα: θεωρητικά σενάρια
Το κείμενο που ακολουθεί αναρτήθηκε για πρώτη φορά στις 15/06/2011 και τώρα αναρτάται επικαιροποιημένο. Η κυβέρνηση εξήγγειλε τη διεξαγωγή δημοψηφίσματος στις αρχές του επόμενου έτους, εφόσον όμως έχει λάβει ψήφο εμπιστοσύνης από τη βουλή, τις προσεχείς μέρες. Η διεξαγωγή δημοψηφίσματος εμπεριέχει έντονα στοιχεία άμεσης δημοκρατίας και η, ενδεχόμενη, θετική έκβασή του ως προς το ερώτημα που […]