The ECB Response to COVID-19
Pierre Monnin | 27 March 2020
Blog,
Monetary | Tags:
Asset Purchases,
Covid-19,
European Central Bank,
Helicopter Money,
Targeted Refinancing Lines Since the outbreak of the COVID-19 crisis, the European Central Bank (ECB) committed to inject an additional 870 billion euro – about 7% of the euro area’s GDP – into financial markets to address the significant challenge the pandemic poses to the economy. Through its
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The Dark Side of the Moon. Responding to the COVID-19 Crisis in Developing Economies
Agustin Redonda | 25 March 2020
Blog,
Fiscal | Tags:
Covid-19,
Development,
Inequality,
Informality Besides China and Iran, the impact of the coronavirus has until now been most severe in advanced economies including France, Germany, Italy, South Korea, Spain and the US. This is unlikely to remain so. As the virus continues its spread around the world it will
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Fiscal Policy Responses to the Coronavirus Outbreak
Agustin Redonda | 20 March 2020
Blog,
Fiscal | Tags:
Covid-19,
Inequality,
Informality,
Tax Expenditures,
VAT The global crisis we are facing is one of the worst in history. The priority, obviously, is to reduce the number of coronavirus victims. At the same time, mitigating the economic impacts is vital.
Both the real economy and financial markets worldwide have already been hard
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Central Banks and Climate Change
Alexander Barkawi | 21 February 2020
Blog,
Monetary | Tags:
Central Banks,
Climate Change,
Credit Risk,
Governing Finance Central banks must supplement their risk processes to reflect climate risks. This is neither a conflict of objectives nor an overburdening of their mandate, but a fiduciary duty.
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A European Anti–Money Laundering Supervisor: From Vision to Legislation
Nicolas Véron and
Joshua Kirschenbaum | 10 February 2020
Blog,
Monetary | Tags:
AML,
Financial Supervision,
Governing Finance The European Union is moving toward implementing a policy to strengthen anti–money laundering (AML) supervision across its Single Market, namely enforcing requirements on banks and other firms to ensure they do not facilitate transactions involving proceeds from illegal activities. The European Commission, in charge of
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