66 research outputs found
Financial Sector Development and Integration in the Southern and Eastern Mediterranean: Towards a long-term sustainable transition. MEDPRO Policy Paper No. 7, April 2013
This MEDPRO Policy Paper examines the trends and prospects in financial-sector development and integration in the southern and eastern Mediterranean countries and concludes with an agenda for a long-term sustainable transition where finance turns to be a positive stimulus to long-term growth
What scenarios for the Euro-Mediterranean in 2030 in the wake of the Arab spring? MEDPRO Policy Paper No. 2, October 2011 (Updated 25 February 2013)
In the wake of the Arab Spring, the Southern Mediterranean region has reached a turning point in its history, presenting many opportunities and challenges for the EU. In this MEDPRO Policy Paper, Rym Ayadi and Carlo Sessa explore various possible scenarios that could play out in EU-Mediterranean relations over the next two decades but find, lamentably, that the EU has set itself on a âbusiness as usualâ course, leaving the region open to further polarisation and the involvement of other external players
Scenarios Assessment and Transitions towards a Sustainable Euro-Mediterranean in 2030. MEDPRO Policy Paper No. 9, July 2013
In the aftermath of the 2011 Arab uprisings in the southern and eastern Mediterranean, the region has reached a turning point in its history, presenting as many opportunities as challenges. The European Union itself is facing challenging conditions following the financial and economic crises that have hit its periphery. This MEDPRO Policy Paper examines and assesses various possible scenarios that could play out in EU-Mediterranean relations over the next two decades and offers recommendations towards long-term sustainable socio-economic development in the region
Banking Business Models Monitor 2014: Europe. CEPS Paperbacks, 14 October 2014
CEPS and the International Observatory on Financial Services Cooperatives (IOFSC) at HEC Montreal have initiated an annual monitoring exercise on banking business models in the EU. Based on their balance sheet structures, 147 European banks that account for more than 80% of the industry assets were categorised in four business models. The Monitor emphasises the ownership structures and assesses the financial and economic performance, resilience and robustness, before, during and after the financial and economic crises across retail diversified-, retail focused-, investment-, and wholesale oriented banks. Inter alia, this edition of the Monitor finds that banks that engage more in traditional retail banking activities with a mix of funding sources fared well as compared to other bank models during the different phases of the crisis
Investigating Diversity in the Banking Sector in Europe: The Performance and Role of Savings Banks. CEPS Paperbacks. June 2009
In the aftermath of the financial crisis, the foundations of modern and innovative financial systems developed over decades have suffered serious damage. This has triggered massive state interventions and has led authorities to revamp the regulatory structures and frameworks. While many voices have called for a return to more traditional approaches to banking and finance, no one has argued the merits of diversity.
This book investigates the merits of a diverse banking system with a special focus on the performance and role of savings banks in selected European countries where they are still prominent (Austria, Germany and Spain) and where they have progressively disappeared (Belgium and Italy). The theoretical and empirical arguments that are developed in this book tend to support the view that it is economically and socially beneficial to have âdual bottom-lineâ institutions, such as savings banks. For those who accept this premise, it would suggest that policy-makers should not take or support actions that could jeopardise this valuable element of the financial system in various countries in Europe and of the emerging integrated European financial system
The Tunisian Revolution: An Opportunity for Democratic Transition. MEDPRO Commentary, 24 January 2011
To help promote a peaceful transition to democracy in Tunisia, a new MEDPRO Commentary by Rym Ayadi, Silvia Colombo, Maria Cristina Paciello and Nathalie Tocci calls upon the EU to act quickly on its declaration of support for âa genuine democratic transitionâ and to consult with political parties both from the transition government and beyond to prepare for the running of the next elections. A positive resolution of this crisis will only be achieved if the internal and external players follow the lessons of successful democratic transitions elsewhere
Regulation of European Banks and Business Models: Towards a new paradigm? CEPS Paperbacks. June 2012
Amidst talks of establishing an EU-wide banking union, the recent changes in the regulatory framework and the rethinking of the future of European banking structure, the future of EU bank regulation is inextricably linked to banksâ business models. Using a sample of over 70 banks, which overlaps with those subjected to the EBAâs 2011 stress tests, this report emphasizes the key regulatory gaps that emerge from a comprehensive analysis of the soundness and performance of bank business models and provides policy-makers with guidance to reinforce the evolving regulatory framework in European banking
Determinants of Financial Development across the Mediterranean. MEDPRO Technical Report No. 29/February 2013
Casual observation shows that that the financial systems in the southern and eastern Mediterranean are
unable (or unwilling) to divert the financial resources that are available to them as funding
opportunities to private enterprises. Using a sample of both northern and southern Mediterranean
countries for the years 1985 to 2009, this study empirically assesses the reasons underlying such
conditions. The results show that strong legal institutions, good democratic governance and adequate
implementation of financial reforms can have a substantial positive impact on financial development
only when they are present collectively. Moreover, inflation appears to undermine banking
development, but less so when the capital account is open. Government debt growth appears to
weaken credit growth, which confirms that public debt âcrowds outâ private debt. Lastly, capital
inflows appear to primarily have an income effect, increasing income and thereby national savings,
and thus increasing the availability of credit
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