Macroeconomics & the euro

The euro as the world’s reserve currency?

The euro as the world’s reserve currency?

15 November 2007
Back in the 1970s President Nixon’s treasury secretary, John Connally, famously quipped that “the dollar may be our currency, but it’s your problem”.
Can the EU learn to live with Chinese mercantilism? thumbnail

Can the EU learn to live with Chinese mercantilism?

Philip Whyte
29 October 2007
Not long after its launch, the euro was famously dismissed by a disgruntled currency trader as a “toilet currency”. How things have changed.
Bulletin issue 55

Issue 55 - 2007

Charles Grant, Clara Marina O'Donnell, Katinka Barysch, Simon Maxwell
27 July 2007
Britain and Europe: A City minister's perspective

Britain and Europe: A City minister's perspective

Ed Balls MP
18 May 2007
Britain's membership of the EU strengthens London as a global financial centre, argues City Minister, Ed Balls. The UK should engage actively with the EU, to ensure that its financial regulation is proportionate, flexible, and implemented effectively.
The wrong benchmark for Eastern Europe

The wrong benchmark for Eastern Europe

Katinka Barysch
25 January 2007
In November last year, Anders Aslund, a long-time observer of transition economies, rang the alarm bells over Eastern Europe. In an FT article he talked about “Central Europe’s political malaise” and warned that budget profligacy and reform fatigue would keep the new members from catching up with the West.
Will the eurozone crack?

Will the eurozone crack?

01 September 2006
Europeans often refer to Economic and Monetary Union and enlargement as the EU's two greatest successes. However, the basis for a sustainable currency union is not in place.
The future of the European economy

Ditchley conference note - The future of the European economy

Katinka Barysch
21 March 2006
In November 2005, the CER took more than 40 of Europe's top economists, policy-makers and commentators to the Ditchley Park in Oxfordshire to discuss 'The future of the European economy'. Participants included Graham Bishop, Jean-Philippe Cotis, Daniel Gros, Will Hutton, DeAnne Julius, Anatole Kaletsky, John Kay, Mart Laar, Richard Layard,...
The EU's new financial services agenda

The EU's new financial services agenda

Alasdair Murray, Aurore Wanlin
03 February 2006
After five years of intense law-making, the European Commission promises fewer financial services laws for the remainder of the decade. But there is still no fully integrated single European market in financial services.
Liberal versus social Europe

Liberal versus social Europe

Katinka Barysch
01 August 2005
Europe is in the grip of a fundamental debate about its economic future, or at least that is what some politicians and many journalists would have us believe.
Bulletin issue 43

Issue 43 - 2005

Katinka Barysch, Daniel Keohane, Alasdair Murray
29 July 2005
Over but far from finished - The EU's financial services action plan

Over but far from finished - The EU's financial services action plan

Alasdair Murray
01 September 2004
The EU has now all but completed the legislative phase of its financial services action plan (FSAP). The action plan is an attempt to reduce the legal obstacles which prevent businesses – whether banks, insurance companies or stock exchanges – from selling their services seamlessly across the EU.
Is tax competition bad?

Is tax competition bad?

Katinka Barysch
02 August 2004
EU enlargement was meant to be a cause for celebration. But one seemingly esoteric issue is threatening to spoil the fun: taxation. West Europeans fear that low tax rates in the new member-states will lure companies eastward, taking jobs and investment with them.
A pact for stability and growth

A pact for stability and growth

Katinka Barysch
03 October 2003
The stability and growth pact – the EU’s fiscal rule book – is in tatters. The eurozone’s largest countries, Germany and France, are in breach of the pact, having exceeded the 3 per cent of GDP limit for budget deficits in 2002 and 2003. Theyare likely to do so again...
If it's broken, fix it!

If it's broken, fix it!

Katinka Barysch
01 October 2003
Europeans are right to worry about their economy. Forecasters think that the eurozone economy will grow by a paltry 0.5 per cent this year. But the real problem is that Europe's sluggish performance is part of a long-term trend.
Bulletin issue 32

Issue 32 - 2003

Katinka Barysch, Nick Butler, Steven Everts
26 September 2003