Are Europe Interest Rates led by FED's Announcements?

This paper investigates the degree and nature of economic and monetary policy relations among the United States, the euro area, and the British area. Using daily interest rates, we estimate the impact of monetary policy announcements of a Central Bank on its domestic market and in what measure they are able to influence other financial markets. In particular, we analyse the effect of the FED's, ECB's, and BoE's monetary policy announcements on their own market, and in the others.interdependence; announcements; term structure

Are Europe's Interest Rates led by FED Announcements?

This paper investigates the degree and nature of economic and monetary policy relations among the United States, the Euro area, and Great Britain. Using daily interest rates, we estimate the impact of monetary policy announcements of a Central Bank on its domestic market and in what measure those announcements are able to influence other financial markets. In particular, we analyse the effect of the FED, ECB, and BoE monetary policy announcements on European markets. We find that Europe’s interest rates have a relevant response to FED announcements.Monetary policy; Term structure of interest rates.

The common EU approach to personal data and cybersecurity regulation

Several sector-specific studies on EU data protection and cybersecurity frameworks can be found in the literature, but their differing legal domains has hindered the development of a common analysis of the different sets of provisions from a business perspective. This article sets out to bridge this gap, providing a systematic review and a cross-cutting operational analysis of the main legal instruments that constitute the common European approach to personal data and cybersecurity regulation for the business sector. We aim to demonstrate the existence of a core of common principles and procedural approaches referring to specific cybersecurity and data security technologies. Analysis reveals a coordinated regulatory model based on five pillars: risk-based approach, by-design approach, reporting obligations, resilience and certification schemes. We also highlight the relationship between the main directives and regulations

New development: Directly elected mayors in Italy: creating a strong leader doesn’t mean creating strong leadership

More than 20 years after their introduction, directly elected mayors are key players in Italian urban governance. This article explains the main effects of this reform on local government systems and provides lessons for other countries considering directly elected mayors

Remote forensics and cloud computing: an Italian and European legal overview

Dr Giuseppe Vaciago discusses the problems associated with obtaining evidence outside the boundaries of the state, illustrating the approach taken by the Italian authorities and the German Constitutional Court, and considers the various approaches that can be adopted

The Impact of ECB and FED announcements on the Euro interest rates

We investigate the impact of news in the ECB and FED monetary policy announcements on daily changes in Euro interest rates. We document significant impacts of ECB announcements throughout the period but only until mid 2004 of FED announcements