Action Policy Digest December 2020
Autore :
Data: 14-12-2020
Tipo: Other
Tematica: Action Institute
Autore :
Data: 14-12-2020
Tipo: Other
Tematica: Action Institute
“Fintech and big tech credit markets around the world“. Credit markets around the world are undergoing a transformation. Fintech and big tech firms are providing more lending to households and small businesses. Using a new database, this column estimates that fintech credit flows reached $223 billion in 2019, while big tech credit reached $572 billion.
“Can the gap in the Europe’s internal market for banking services be bridged?“. The European Union has made significant progress to a more unified banking market but frictions remain between euro and non-euro countries.
“Creating a common safe asset without eurobonds“. Europe needs a capital market that is sustainably integrated and as single as possible. This will not be achieved without a broad and solid foundation. The international position of the Euro is stagnating close to historical lows.
“Why Schrems II requires US-EU agreement on surveillance and privacy“. The Schrems II decision by the European Court of Justice (CJEU), its second ruling in three years concluding that American digital surveillance practices fail to abide by EU privacy law, has made it necessary for the Biden administration to reach a new accord with the EU on how to balance digital surveillance practices with rights to privacy.
“Digital platforms and antitrust“. Digital platforms are at the heart of online economic activity, connecting multi-sided markets of producers and consumers of various goods and services. Their market power and their privileged ecosystem positions raise concerns that they may engage in anti-competitive practices that reduce innovation and consumer welfare.
“How monetary policy affects investment in the euro area“. Monetary policy affects firms’ investment behaviour through an interest rate channel and a balance sheet channel. This column uses investment data from over one million firms in Germany, Spain, France, and Italy to analyse the transmission of monetary policy shocks.
“Next Generation EU payments across countries and years“. How much cake does everyone actually get and at what speed? This blogpost estimates the yearly Next Generation EU (NGEU) payments to each EU country at current prices in euros and as a share of Gross National Income (GNI).
“The insurance properties of common debt issuance“. In a federation of sovereign states, common debt can provide insurance against idiosyncratic shocks even without any intended, ex ante transfers. This is the case in the EU.
“COVID-19 has widened the income gap in Europe“. Workers with low-educational levels suffered far worse than others in terms of COVID-19 related job losses during the first half of 2020 in the EU. Jobs for tertiary-educated workers even increased. Thus, the pandemic has increased income inequality, reinforcing the case for inclusive development.