Economic and Monetary Union (EMU)
Glapiński accuses Germany of wanting to redraw land borders
Polish governor warns on plans for EU super-state as German foreign office calls claims “absurd”
Monetary unions in the making in Africa
EAC, Ecowas and SADC can adopt practical steps learned from the EMU
The eurozone’s eastern conundrum
Bulgaria and Croatia expect net positive effect as they move to join euro, while others remain reluctant
Lifetime achievement award: Otmar Issing
Architect of euro’s framework still playing important role in shaping debate on monetary policy
West Africa launches new currency in break with France
France will now have less involvement in the affairs of the West African Economic and Monetary Union
Central banking’s 30-year cycle
Central banking has hit another crossroads, writes Central Banking founder Robert Pringle
Reserve requirements an effective tool to balance capital flows – BIS research
Higher interest rates encourage more inflows, but adjustments in reserve requirements can strike a better balance
Book notes: Unfinished business, by Tamim Bayoumi
Anand Sinha praises Bayoumi’s analysis of how euro crisis and US housing crash were, in fact, intertwined
Income convergence in reverse among original euro members, research says
Fall in income disparities halted soon after 2002 and started to increase after financial crisis
ECB policymakers see a robust economic recovery – minutes
Rate setters satisfied with impact of QE extension decided in October
Archive – EMU: a sceptical US view
Allan Meltzer explains why he is worried about union by back door; first published in November 1997
Book notes: The Limits of the Market, by Paul de Grauwe
Concise analysis into how markets and governments react with one another, but surprising lack of economic thought history
Credit spreads’ limited use as short-term predictors – paper
Researcher examines accuracy of three sets of credit spreads
Bundesbank’s Buch calls for three-pronged reform effort
Bundesbank vice-president says policymakers should tackle “excessive” risk-taking
The ECB must reform Target2 to make it sustainable
Target2 has emerged as eurozone’s financing entity for structural balance-of-payments gaps
Book notes: Architects of the Euro, edited by Kenneth Dyson and Ivo Maes
Biographical study of 10 key players in development of EMU provides contrast to more historical analyses
Netherlands paper exposes differing capital flows across EMU
Paper examines mechanism behind divergence of north and south eurozone members
Ignazio Visco on Italian banks and why the ECB should not be made a ‘scapegoat’ for EMU fatigue
Italian governor speaks out about NPLs, bail-ins and the breakdown of trust in the euro area
No ‘insidious’ German plan for EMU competitive advantage, says Issing
Germany didn’t even have 'the economic intelligence’ to design such a plan
Otmar Issing on why the euro ‘house of cards’ is set to collapse
Euro architect says politicians need to admit there is “no likelihood” of political union
Euro architect says ECB has ‘destroyed’ market discipline in Europe
All the elements in place to bring “disaster” to the monetary union, says Otmar Issing
Visco questions sufficiency of five presidents’ report
Italian governor stresses importance of political unity for the economic and monetary union
Book notes: Alexandre Lamfalussy, by Christophe Lamfalussy, Ivo Maes and Sabine Peters
A fascinating account of the life and career of a great European
Book notes: Reflections on Global Finance: Selected Essays from SSgA’s Official Institutions Group 2002–2013
A review of John Nugée's latest book