Blog Post
To keep European Union capital markets open and integrated, new international standards should be reflected in future European law and accounting practice to provide further incentives for a reallocation of capital, reflecting in particular climate risks.
Opinion
Beijing’s ‘dynamic zero-Covid’ policy could devastate the domestic economy, but the effects will also be felt globally.
Past Event
Guntram Wolff will be joined in conversation by Andrew Bailey, Governor of the Bank of England.
Podcast
A special episode of the Sound of Economics Live on the global financial system and central banks in the wake of sanctions imposed on Russia.
Past Event
A special episode of the Sound of Economics Live on the global financial system and central banks in the wake of sanctions imposed on Russia.
Blog Post
Whether the dynamism of European venture capital of the past two years can be sustained and kick start a credible alternative to bank finance in the European Union remains to be seen.
Blog Post
Investors need more trustworthy sustainability data. Regulators should leave space for better products to emerge, while remaining alert to well-known patterns of misconduct in capital markets.
Past Event
Biodiversity loss impacts financial stability. How big is the risk of biodiversity loss for financial institutions?
Policy Contribution
The European Union’s capital markets remain very underdeveloped compared to the United States. The market for equity, as measured as the size of the total market capitalisation of listed domestic firms relative to GDP, is much larger in the US and in Japan than in Europe.
Blog Post
As European economies emerge from lockdowns, it is becoming clearer that corporate debt has reached critical levels. A new French scheme, in which the state guarantees portfolios of subordinated debt, shows how financial support could be targeted better.
Past Event
What are the main lessons of ECB interventions in specific sovereign debt markets?
Past Event
How would a digital Euro impact the financial system?