Chair of International Macroeconomics
Beatrice Weder di Mauro wird im Zuge der Übernahme des Mandats im Aufsichtsrat der Robert Bosch GmbH das Mandat im Aufsichtsrat der DEG, (Deutsche Investitions- und Entwicklungsgesellschaft mbH) niederlegen.
New Policy Reports and Research Papers:
Banks and Cross Boarder Capital Flows - September 2012
Policy Challenges and Regulatory Responses
Committee on International Economic Policy and Reform - CIEPR
REPORT INTRODUCTION
The world has become more integrated, not just through trade but through financial flows. Financial integration offers many benefits but also poses risks. This observation in turn points to the question of how best to benefit from greater financial integration while limiting adverse effects. A complicating factor in improving the benefit- cost tradeoff from financial integration is that banks often play a central role in intermediating these flows. Banks behave in ways that differ from those predicted by textbooks of atomistic participants in financial markets. In addition, they are subject to uncoordinated regulatory and political forces that are and hard to predict.
In this report, we draw on the growing body of evidence on cross-border capital flows in an effort to better understand their effects in practice. Building on this analysis, we suggest ways in which policy should be adapted to reap the benefits of the flows while minimizing their costs. While bank flows cannot be studied in isolation, our analysis and policy recommendations focus on banks, as they intermediate a substantial fraction of cross-border capital flows, are highly volatile, and pose specific regulatory and policy challenges.
INET COUNCIL ON THE EURO ZONE CRISIS -
Breaking the Deadlock: A Path Out of the Crisis, 23-07-2012
It is still possible – economically and politically – to find a was out ot the euro zone crisis if policiy makers separately address thwo problems: dealing with the legacy costs of the initially flawed design of the euro zone, and fixing the design itself. The former requires significant burden sharing and an economic strategy that focuses on stabilising the countries that are suffering from recesion and capital flight. In contrast, gixing the desing requires a financial (banking) union with stron euro-area institutions and a minimal fiscal backstop
INET - Institute for New Economic Thinking (INET)
Stellungnahme zur Europäischen Bankenunion - 23-07-2012
Eine von Volkswirten verfasste Stellungnahme zur Europäischen Bankenunion mit einer Liste der Unterzeichner. Die Stellungnahme wurde von 220 Ökonomen unterzeichnet, darunter 191 Professorinnen und Professoren
Manifesto for a Banking Union by economists in Austria, Germany and Switzerland - 23-07-2012
Final Report of the Global Agenda Council on Fiscal Crisis of the World Economic Forum
"Building a Bridge to Somewhere: A Comprehensive Solution to Stabilize the Eurozone",
April 17, 2012
Rethinking Central Banking - Committee on International Economic Policy and Reform
The Committee on International Economic and Policy Reform is a non –partisan, independent group of experts, comprised of academics and former government and central bank officials. Its objective is to analyze global monetary and financial problems, offer systematic analysis, and advance reform ideas. The Committee attempts to identify areas in which the global economic architecture should be strengthened and recommend solutions intended to reconcile national interests with broader global interests. Through its reports, it seeks to foster public understanding of key issues in global economic management and economic governance. Each Committee report will focus on a specific topic which will emphasize longer-term rather than conjunctural policy issues.
For further Policy Reports and Research Papers see here
Posts and Comments on Economic Policy:
„Petersberger Sommer-Dialog“ am 30. Juni 2012
Niederschrift - Beitrag Prof. Dr. B. Weder di Mauro
Eurobonds sind nicht nötig
Handelsblatt - Gastbeitrag vom 15.08.2012
Referenzliteratur:
Bericht des INET Council on the Euro Zone Crisis, 2012:
http://ineteconomics.org/council-euro-zone-crisis/statement#iii
Der Zinszusammenhang und die Aussage, dass die Problemländer ihre Zinsen nicht mehr selbst kontrollieren ist dem IWF Spillover Report, 2012:
http://www.imf.org/external/pp/longres.aspx?id=4678 (Fig 5) entnommen.
European Redemption Pact
For background papers and FAQ on the European Redemption Pact see -->> here
Ein Pakt für Europa
Handelsblatt - Gastbeitrag vom 27.02.2012
Verantwortung für Europa wahrnehmen
Sachverständigenrat Expertise 2011/2012
Der Rat: Tragfähige Brücke für einen stabilen Euro bauen - Börsen-Zeitung, 02.12.2011
Eurobonds: "Keine gute Idee" - Frontal21 - ZDFmediathek - Video-link 01.12.2011
Der Zerfall Europas hat längst begonnen
Interview mit Markus Balser und Markus Zydra - Süddeutsche Zeitung, 14.11.2011
A European Redemption Pact
The EZ crisis has taken a turn for the worse. This column, the joint work of the five members of the ‘German Council of Economic Experts’, proposes a novel solution to the crisis – the European Redemption Pact and an associated European Redemption Fund. This would – like Eurobonds – create a joint debt vehicle, but unlike Eurobonds it would be temporary, say 25 years. Its aim would be to ease down the current unsustainable levels while implementing credible fiscal policy reforms in all EZ nations.
Peter Bofinger, Lars P Feld, Wolfgang Franz, Christoph M Schmidt, Beatrice Weder di Mauro - VOX-EU online vom 09.11.2011
For further current Posts and Comments on Economic Policy see-->> here
