CEPII - Accueil

Addressing macroeconomic imbalances within the euro area: still a long road ahead
The shock caused by the 2007-08 financial collapse, followed by the European sovereign debt crisis, has raised new doubts about the ability of the single currency to work well in a region with huge economic and political diversity. It has also given a new dimension to this debate by highlighting the building-up of unsustainable macroeconomic imbalances within the European Monetary Union (EMU).
Virginie Coudert, Cécile Couharde, Carl Grekou, Valérie Mignon

April 1, 2019

The "new silk roads": an evaluation essay
(2/4): The Belt, Corridors and roads
Michel Fouquin, Jean-Raphaël Chaponnière
Initially Belt and Road Initiative (BRI) focussed on transport infrastructure and pipelines on the one hand and Europe-Asia connectivity on the other hand. It aims at building an Eurasian Belt as well as several corridors leading to maritime roads.

March 18, 2019

The "new silk roads": an evaluation essay
(1/4): A Chinese vision of globalization
Michel Fouquin, Jean-Raphaël Chaponnière
For more than thirty years, China has recorded exceptional trade surpluses and accumulated extraordinary financial reserves, which are almost twice those of its immediate follower Japan. These surpluses are an inconvenience to its most important partners, such as the United States and the European Union.

January 14, 2019

Sovereign risk and asset market dynamics in the euro area
Erica Perego
Stocks and sovereign bonds are among the most used financial products and the correlation between stock and bond returns corresponds to a typically time-varying pattern reflecting changes in investors' decisions.

October 29, 2018

Fixing the euro needs to go beyond economics
Anne-Laure Delatte
The agenda to fix the euro is hampered by conflicting national interests. Creditor countries demand fiscal house cleaning and debtor countries ask for risk sharing. There is currently a political deadlock about how the adjustment burden should be distributed, perpetuating a state of vulnerability that is not in the collective interest of euro area members. This column, part of the Vox debate on euro area reform, argues that overcoming this coordination failure requires reforming the political governance of the EU, rather than just its economic governance. This post has been first published on VoxEU.

Trade & Globalization

Competitiveness & Growth

Emerging Countries

Environment & Natural Resources

« Fiscalité et climat : de la théorie à la pratique » avec Ian Parry, Principal Environmental Fiscal Policy Expert, FMI
May 14, 2019

Research seminar « Credit Supply and Human Capital: Evidence from Bank Pension Liabilities »
May 16, 2019

Chaines de valeur et risque politique
May 21, 2019

"Migrations et démographie" avec François Héran, professeur au Collège de France
May 28, 2019

Economic History of China's Empire by Professor Richard von Glahn, UCLA
June 4, 2019

19th Doctoral Meetings in International Trade and International Finance
June 27 - 28, 2019

L'Afrique de l'Ouest
July 3, 2019

L'économie mondiale 2020 - conférence de présentation
September 11, 2019

Past Events

Productivité des nations et stratégie économique pour les régions
April 18, 2019

Europe: quelles réformes pour quelle Union?
April 11, 2019

Comprendre et réguler la finance
Une rencontre-débat avec Laurence Scialom (Université de Paris-Nanterre) et Jean-Marc Vittori (Les Échos)
April 9, 2019

Une brève histoire du Brexit
March 27, 2019

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