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Author: EP think tank

Study – The role of macro-prudential policy in the prevention and correction of imbalances in the euro area – 19-05-2017

The euro area suffers from economic and financial imbalances between its members. Macro-prudential policy can help remedy this in as much as it can be deployed both at euro area level and Member State level. A macro-prudential policy framework to regulate financial cycles at Member State level and improve the resilience of systemic groups at euro area level would improve the economic and financial stability of the euro area and each of its members. Drawing on an inventory of the current practices and the teachings of recent academic work, we have formulated 15 proposals which aim to identify effective...

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Briefing – The European Union Agency for Network and Information Security (ENISA) – 19-05-2017

Information and communication technologies play an increasing role in modern-day life and in the creation of a digital society. To ensure further growth, significant investments in security are necessary. Cybersecurity is a growing concern for citizens, influencing their digital activity. It is also a significant cost for the economy. In 2015, the estimated worldwide economic impact of cyber-attacks reached US$500 billion. The cybersecurity market in Europe was estimated at €20.1 billion. The European Union Agency for Network and Information Security (ENISA) was established to support the EU and the Member States in enhancing and strengthening their ability to prevent,...

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Briefing – The digital economy in the EU [What Think Tanks are thinking] – 19-05-2017

The digital revolution is reshaping the European Union’s economy, from financial services and telecoms to creative industries and the way workers are employed. While posing certain threats, such as cyber-attacks, new technologies offer vast opportunities, provided that people acquire the right skill-sets to underpin their use. Seeking to tap the full potential of digitalisation, the European Commission is pushing ahead with its Digital Single Market Strategy. On 10 May, it presented a mid-term review of this strategy, calling for swift approval of proposals already presented and outlining further actions on online platforms, the data economy and cybersecurity. This note...

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In-Depth Analysis – The role of macro-prudential policies in prevention and correction of asset imbalances in the Euro Area – 19-05-2017

In the aftermath of the financial crisis, there is consensus among academics and policy makers on the need for the so-called macroprudential policies. Additionally, the current low interest-rate environment creates further risks to financial stability. However, the implementation of such policies in a monetary union is a rather complex issue. Housing and credit markets heterogeneity across countries calls for action at national level. The role of the ECB in macroprudential policy is a matter of debate because monetary policy can conflict with the ultimate goal of macroprudential policy. This document reviews the key issues that are relevant for the...

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Briefing – Revision of the Blue Card Directive – 18-05-2017

Attracting highly qualified immigrants to Europe has been one of the EU’s key priorities for several years. However, up until now the EU has not been as successful as other OECD countries. This demand for workers is expected to increase due to the increasing shortage of certain skills and the aging of the EU’s population. The proposed directive, which would replace the 2009 Blue Card Directive, increases the attractiveness of the EU highly skilled migration scheme by expanding its scope, lowering criteria for admission, expanding the rights of beneficiaries, and abolishing parallel national schemes. Stakeholders and experts agree with...

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Study – Energy: a shaping factor for regional stability in the Eastern Mediterranean? – 16-05-2017

Since 2010 the Eastern Mediterranean region has become a hotspot of international energy discussions due to a series of gas discoveries in the offshore of Israel, Cyprus and Egypt. To exploit this gas potential, a number of export options have progressively been discussed, alongside new regional cooperation scenarios. Hopes have also been expressed about the potential role of new gas discoveries in strengthening not only the regional energy cooperation, but also the overall regional economic and political stability. However, initial expectations largely cooled down over time, particularly due to delays in investment decision in Israel and the downward revision...

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Study – Gender Gap in Pensions: Looking ahead – 15-05-2017

The study was commissioned overseen and published by the European Parliament’s Policy Department for Citizens’ Rights and Constitutional Affairs at the request of the FEMM Committee. The issue of gender gap in pensions has aroused increasing attention over recent years. While the current gap in pension levels between men and women reflects past labour market tendencies and design of pension systems, pronounced changes have occurred with regard to both employment of women and pension systems. The ageing population has stimulated revision to pension systems, including raising retirement age and the introduction of a closer correspondence between lifetime earnings and...

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In-Depth Analysis – Study on the use of funds for gender equality in Poland – 15-05-2017

This research article was requested by the European Parliament’s Committee on Women’s Rights and Gender Equality. It was commissioned, overseen and published by the Policy Department for Citizens’ Rights and Constitutional Affairs. The focus of the study is to assess how gender equality funds for 2014-2020 are allocated in Poland. The focus is mainly on the ESIF’s funding within the National and Regional Operational Programmes, as well as the Horizon 2020 and the REC Programmes on the Gender Equality Objective, and the follow-up of Daphne Programmes on violence against women. The reference period is 2014-2016. The report presents to...

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