Categories: News
Related Articles
Morocco the apparent winner after migrant skirmish with Spain
Morocco appears to have triumphed in its diplomatic joust with Spain two weeks after opening its borders for thousands of migrants to cross into the Spanish enclave of Cuelta.
In-Depth Analysis – What Are the Effects of the ECB’s Negative Interest Rate Policy? – 02-07-2021
Several central banks, including the European Central Bank since 2014, have added negative policy rates to their toolboxes after exhausting conventional easing measures. It is essential to understand the effects on the economy of prolonged negative rates. This paper explores the potential effects (and side effects) of negative rates in theory and examines the evidence to determine what these effects have been in practice in the euro area.
This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 21 June 2021.
This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 21 June 2021.
Source : © European Union, 2021 – EP
In-Depth Analysis – NIRP, Bank Profitability and Risk-Taking: Much Ado About 50 Basis Points – 01-06-2021
A widespread concern about negative policy rates is that they might depress bank profits and encourage risk-taking. We find that the impact of negative rates per se is limited. Other policy measures (TLTROs, tiered deposits) have largely neutralised the impact of NIRP on bank profits. Asset purchases might have been more important by compressing the yield curve. Any small positive impact of negative rates on lending and aggregate demand may have been swamped by the negative impact of low rates on productivity.
This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 21 June 2021.
This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 21 June 2021.
Source : © European Union, 2021 – EP
Italian and Turkish fishing boats in skirmish off Cyprus
A skirmish broke out between Turkish and Italian fishermen near the divided Mediterranean island of Cyprus on Tuesday, the Italian navy said on Tuesday (11 May). The navy said in a statement that people on board an unspecified number of…
Italian PM on Brexit: the agreements must be maintained
Italian Prime Minister Mario Draghi said at the final press conference of the G7 summit in Cornwall on Sunday that in the negotiations between the EU and the UK “agreements are agreements and must be kept.” “There is no impression…
Responses