Author Archives: ADEMU
Costs of sovereign default: restructuring strategies, bank distress and the credit-investment channel
Breaking the feedback loop: macroprudential regulation of banks’ sovereign exposures
ADEMU Perspectives #14: The EMU after the euro crisis: Insights from a new eBook – Findings and proposals from the Horizon 2020 ADEMU project
The euro crisis has been a major stress test for the European Economic and Monetary Union (EMU). Among other things, the crisis turned into a recession for all the euro area ‘stressed countries’ (except for Ireland). In fact, for the EA15 (excluding Portugal, Italy, Greece, and Spain), the recovery has followed a similar pattern to (or slightly better than) the US and Japan (Figure 1). This reminds us of Jean Monnet’s old quip that Europe “will be forged in crises”. Whether it will or not depends crucially on whether we have learned the lessons of the euro crisis and, in particular, whether there is the political will and wisdom to transform these lessons into improved policies and institutions. However, the fact that the crisis experience has been very different across euro area countries suggests that Jean Monnet may be getting different answers this time. Continue reading
ADEMU: findings and proposals and what’s to come
Our three-year Horizon 2020 project is drawing to a close, with the end of our two-day highly successful conference that was attended by leading figures from Europe’s main financial institutions – but our work is far from over.
April 2018
Sovereign Debt in the 21st Century
5-6 April 2018, Toulouse School of Economics
Programme
ADEMU presents proposals for EMU reform at final conference on 9 and 10 May, Florence
ADEMU will present the findings of its three-year Horizon 2020-funded research project at a final conference to be held at the European University Institute in Florence on 9 and 10 May. Continue reading
ADEMU final conference, 9-10 May, Florence: registration open
Registration is now open for ADEMU’s final conference, which will be held at the European University Institute in Florence on 9 and 10 May. Continue reading
ADEMU at The State of the Union 2018, 10-12 May, Florence
ADEMU’s final conference is being held in conjunction with The State of the Union, an annual event for high-level reflection on the European Union which will be held from 10 to 12 May in Florence. Continue reading
ADEMU at the European Parliament: review and presentation
On 27 March, ADEMU attended the European Parliament in Brussels to present its preliminary research findings at an internal seminar at the Directorate‑General for Economic and Financial Affairs (DG-ECFIN), followed by a public session in the premises of the European Parliament. DG-ECFIN is responsible for EU policies promoting economic growth, higher employment, stable public finances and financial stability, all of which have been the focus of ADEMU research.
