European Economy

FROM THE EDITORIAL DESK

Diabolic loop or incomplete union? Sovereign and banking risk
by Giorgio Barba Navaretti, Giacomo Calzolari and Alberto Franco Pozzolo

Numbers
by José Manuel Mansilla-Fernández

Institutions
by José Manuel Mansilla-Fernández

A bird eye (re)view of key readings
by José Manuel Mansilla-Fernández

ARTICLES

Sovereign Risk: black swans and white elephants
by Andrea Enria, Adam Farkas and Lars Jul Overby

Easier Said Than Done? Reforming the Prudential Treatment of Banks’ Sovereign Exposures
by Michele Lanotte, Giacomo Manzelli, Anna Maria Rinaldi, and Marco Taboga, and Pietro Tommasino

Europe’s Regulatory Treatment of Banks’ Sovereign Exposures – How a Flawed Framework Was Put to Use in the Irish Financial Crisis
by Lars Frisell

Risk-Weighting Sovereign Debt Is the Wrong Way to Go
by Erik F. Nielsen

The Sovereign-Bank Nexus and the Case for European Safe Bonds
by Marco Pagano

Removing Privileges for Banks’ Sovereign Exposures – A Proposal
by Jochen Andritzky, Niklas Gadatsch, Tobias Körner, Alexander Schäfer, and Isabel Schnabel

“European Economy – Banks, Regulation, and the Real Sector” is a new journal to encourage the debate among academics, institutional representatives, and bankers on the current banking regulation framework and its effects on banking activity and the real economy.
The journal aims at becoming an outlet for research and policy based pieces, combining the perspective of academia, policy making and operations. Special attention will be devoted to the link between financial markets and the real economy and how this is affected by regulatory measures.

SOVEREIGN AND BANKING RISKS: WHAT POLICIES?
July 5, 2016
This round table, organised for the launch of the IV issue of European Economy: Banks Regulation and the Real Sector will discuss the key ingredients of this debate and the main policy options.

SINGLE SUPERVISION AND CROSS-BORDER BANKING
14 March, 2016
The House of Finance, Goethe University, Frankfurt, hosted a Round Table on The Single Supervisory Mechanism (SSM), the first pillar of the European Banking Union.

Sovereign and banking risk: Completing the union and breaking the loop
by Giorgio Barba Navaretti, Giacomo Calzolari, Alberto Franco Pozzolo
–Voxeu, July 15 2016

Quel circolo diabolico tra debito bancario e sovrano
by Giorgio Barba Navaretti, Giacomo Calzolari, Alberto Franco Pozzolo
–Lavoce, July 12 2016

How SME Funding risk is allocated
by Giorgio Barba Navaretti, Giacomo Calzolari, Alberto Franco Pozzolo
–Voxeu, November 18 2015

Capital requirements and loss absorption capacity for large banks: systemic risk and growth
by Giorgio Barba Navaretti, Giacomo Calzolari, Alberto Franco Pozzolo
–Voxeu, July 8 2015

Quella luce in più sulla via del bail-in bancario
by Marco Onado
–Il Sole 24 Ore, July 7 2015

FROM THE EDITORIAL DESK

ARTICLES

EDITORIAL BOARD

ADVISORY BOARD

What is European Economy: Banks, Regulation and the Real Sector

EVENTS

PRESS

PAST ISSUES

Single supervision and cross border banking

Who takes the risks for funding SMEs?

Capital Requirements for Large Banks