Macroeconomics & the euro

In defence of Anglo-Saxon capitalism

In defence of Anglo-Saxon capitalism

29 September 2008
Those who never liked ‘Anglo-Saxon’ capitalism are feeling smug. Marxists, fans of ‘Rhineland’ capitalism and those who simply cannot stand American power are crowing.
Eurozone economic outlook

Eurozone economic outlook: Too much complacency

03 April 2008
A year ago the prospect of the dollar falling to 1.60 against the euro would have brought on cold sweats across Europe. Yet, here we are and there is no sense of crisis.
A joint response to the credit crunch

A joint response to the credit crunch

Katinka Barysch
19 March 2008
Ailing banks are being rescued, markets remain frozen, economic numbers are becoming gloomier. Of course, central banks and governments are focusing on fire-fighting, on cutting interest rates, on providing cash to liquidity-starved banks and to consumers.
Time for the Export-Weltmeister to start consuming

Time for the Export-Weltmeister to start consuming

13 February 2008
Too many Europeans are blaming the US for the economic slowdown in Europe, as if everything would have been fine if only the Americans were not so irresponsible. This is complacent.
European retail banking

European retail banking: Will there ever be a single market?

David Shirreff
03 December 2007
Integrated markets for entertainment and communications, as well as nearly all goods, stretch from the Arctic to Cyprus. By contrast, Europe’s retail banking industry remains largely segmented along national lines.
Politics, Sarkozy and the euro

Politics, Sarkozy and the euro

Philip Whyte
03 December 2007
Not long after its launch, the euro was famously dismissed by a disgruntled currency trader as a “toilet currency”. How things have changed. Since 2003, the euro’s external value has soared, particularly against the US dollar.
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.