A tail of two countries

The outlook for two of the euro areaÂ?s best performing economies to date, Ireland and Spain, has darkened dramatically recently amid severe downturns in housing markets. What do these countriesÂ? experiences tell us about the functioning of EMU? BruegelÂ?s new policy brief Â?A Tail of Two CountriesÂ? examines the behaviour of housing markets in Ireland and Spain during EMU and considers what features and policies may have facilitated the overheating of housing markets in these countries. It also discusses the role of large migration flows in spurring growth in housing.

The fiscal and monetary institutions of CESEE countries

This working paper by Zsolt Darvas and Valentina Kostyleva examines the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in CESEE (central, eastern and south eastern European) countries in comparison to other OECD countries. A new budgetary discipline index suggests that fiscal institutions are weaker in most CESEE countries than in non-CESEE OECD countries. The sizeable debt/GDP ratio declines in CESEE before the crisis was largely the consequence of a very favourable relationship between the economic growth rate and the interest rate, but such a favourable relationship is not expected in the future. Econometric estimations confirm that better monetary institutions reduce macroeconomic volatility and that countries with better budgetary procedures have better fiscal outcomes. A version of this publication was also released on the OECD Journal on Budgeting

Norbertijner Abdij-economie en Landschap

Norbertine Abbey- Economy and Landscape Workgroup on Norbertine History in the Low Countries: Volume 14 (2004) The Werkgroep Norbertijner Geschiedenis publications are the proceedings from the annual gathering of those interested in the rich history of the Premonstratensian Order in the Low Countries (Belgium, Luxembourg and the Netherlands). Each year a different aspect of this rich and multi-faceted history is explored.https://digitalcommons.snc.edu/werkgroep_norbertijner/1012/thumbnail.jp

Norbertijnen in de politiek

Norbertines in Politics Workgroup on Norbertine History in the Low Countries: Volume 7 (1997) The Werkgroep Norbertijner Geschiedenis publications are the proceedings from the annual gathering of those interested in the rich history of the Premonstratensian Order in the Low Countries (Belgium, Luxembourg and the Netherlands). Each year a different aspect of this rich and multi-faceted history is explored.https://digitalcommons.snc.edu/werkgroep_norbertijner/1018/thumbnail.jp

Vrouwen in de Premonstratenzer Orde

Women in the Premonstratensian Order Workgroup on Norbertine History in the Low Countries The Werkgroep Norbertijner Geschiedenis publications are the proceedings from the annual gathering of those interested in the rich history of the Premonstratensian Order in the Low Countries (Belgium, Luxembourg and the Netherlands). Each year a different aspect of this rich and multi-faceted history is explored.https://digitalcommons.snc.edu/werkgroep_norbertijner/1021/thumbnail.jp

De strijd om te overleven

The Struggle for Survival Workgroup on Norbertine History in the Low Countries: Volume 17 (2007) The Werkgroep Norbertijner Geschiedenis publications are the proceedings from the annual gathering of those interested in the rich history of the Premonstratensian Order in the Low Countries (Belgium, Luxembourg and the Netherlands). Each year a different aspect of this rich and multi-faceted history is explored.https://digitalcommons.snc.edu/werkgroep_norbertijner/1009/thumbnail.jp

Kunst- en Handschriftenbezit van de Norbertijnenabdijen

Art and Manuscripts of the Norbertine Abbeys Workgroup on Norbertine History in the Low Countries: Volume 18 (2008) The Werkgroep Norbertijner Geschiedenis publications are the proceedings from the annual gathering of those interested in the rich history of the Premonstratensian Order in the Low Countries (Belgium, Luxembourg and the Netherlands). Each year a different aspect of this rich and multi-faceted history is explored.https://digitalcommons.snc.edu/werkgroep_norbertijner/1008/thumbnail.jp

Reizen in woelige tijden

Traveling in Turbulent Times Workgroup on Norbertine History in the Low Countries: Volume 22 (2012) The Werkgroep Norbertijner Geschiedenis publications are the proceedings from the annual gathering of those interested in the rich history of the Premonstratensian Order in the Low Countries (Belgium, Luxembourg and the Netherlands). Each year a different aspect of this rich and multi-faceted history is explored.https://digitalcommons.snc.edu/werkgroep_norbertijner/1004/thumbnail.jp

Zusterkloosters in de Premonstratenzer Orde

Monasteries of Sisters in the Premonstratensian Order Workgroup on Norbertine History in the Low Countries: Volume 25 (2015) The Werkgroep Norbertijner Geschiedenis publications are the proceedings from the annual gathering of those interested in the rich history of the Premonstratensian Order in the Low Countries (Belgium, Luxembourg and the Netherlands). Each year a different aspect of this rich and multi-faceted history is explored.https://digitalcommons.snc.edu/werkgroep_norbertijner/1001/thumbnail.jp

A tale of three countries: recovery after banking crises

Three small, open European economies â?? Iceland, Ireland and Latvia â?? experienced serious trouble during the global financial crisis. Behind their problems were rapid credit growth and expansion of other banking activities in the years leading up to the crisis, largely financed by international borrowing. The crisis hit Latvia harder than any other country, and Ireland also suffered heavily, while Iceland exited the crisis with the smallest fall in employment, despite the greatest shock to the financial system. The purpose of this Policy Contribution is to compare the policy responses in, and the adjustments made by, the three countries. Based on this comparison, it draws lessons for exchange rate policy, internal devaluation, capital controls, banking sector restructuring and fiscal consolidation. It makes a strong case for a European banking federation.