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The ESM & EFSF implements its funding strategy in collaboration with several international institutions which comprise the ESM/EFSF Market Group.
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Ranking is at the end of 2024
This paper studies the link between sovereign risks and the fragility of the banking sector pointing to the challenges of bank rescue operations for the state.
Author: Aitor Erce | Senior Researcher at the European Stability Mechanism
Abstract:
This paper investigates how well consumer confidence predicts households future consumption expenditure.
Author: Antonello D’Agostino | Senior Economist in the Economics and Policy Strategy department
with Caterina Mendicino | European Central Bank
Abstract
This paper shows that countries can use foreign reserves to enhance their domestic economies’ resilience to potential risks from balance sheet effects.
Author: Gong Cheng | Economist and policy strategist at the European Stability Mechanism
Abstract:
This paper shows that productive government investment can improve an economy’s external competitiveness and stimulate private investment.
Author: Daragh Clancy | Senior Economist at the European Stability Mechanism
with Pascal Jacquinot | European Central Bank
and Matija Lozej | Central Bank of Ireland
Abstract:
This paper shows how multiple shocks have hit euro area bank profitability since the crisis - their effects differ by bank type and location
Author: Gong Cheng | Economist and policy strategist at the European Stability Mechanism
with Dirk Mevis | Banking sector expert at the European Stability Mechanism
Abstract:
This paper analyses how changes in transaction costs may affect the value of assets that banks use to collateralise borrowings in monetary policy operations.
Author: Rudolf Alvise Lennkh | Economist and policy strategist at the European Stability Mechanism
with Florian Walch | European Central Bank
Abstract:
This paper finds that Italian government spending shocks had a strong impact on GDP in the early 1990s and again during the most recent recession.
Author: Antonello D’Agostino | Senior Economist in the Economics and Policy Strategy department
with Jacopo Cimadomo | European Central Bank
Abstract: