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You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution Centre for European Policy Studies Remove constraint Publishing Institution: Centre for European Policy Studies Topic Economics Remove constraint Topic: Economics
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  • Author: Thomas L. Brewer
  • Publication Date: 03-2006
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: The Bush administration's announcement of an 'Advanced Energy Initiative' poses challenges for the international climate change agenda as well as the US domestic energy policy agenda. The proposal is politically significant because it has altered the terms of reference in the domestic discourse about US energy and climate policy. However, while it proposes proportionately large increases in the funding levels of some programmes, it also suggests only marginal changes in several current programmes and proposes reductions or even the elimination of others.
  • Topic: Economics, Energy Policy, Environment
  • Political Geography: United States
  • Author: Daniel Gros
  • Publication Date: 02-2006
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: More than half way into the decade, it is clear that the ambitious goal to make the EU the 'most competitive economy' by 2010 will be missed. This contribution shows that investing more in education would be the key in terms of employment, a central element in the Lisbon goal. Improving the skills of the EU's population would have, inter alia, a direct impact on the employment rate. Reaching the Lisbon goal of an employment rate of 70% would be possible even without labour market reforms if the average level of qualification of the EU were to reach the benchmarks in this area (which in turn are very close to the values reached by the best performing member states).
  • Topic: Development, Economics, Human Welfare
  • Political Geography: Europe, Lisbon
  • Author: Rym Ayadi
  • Publication Date: 02-2006
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: Following seven years of painstaking and demanding negotiations, European bankers and regulators breathed a sigh of relief when the Capital Requirements Directive (CRD) finally got through the European Parliament on 28 September 2005, and was formally approved by the Council of Ministers of the 25 EU member states on 11 October 2005. The new CRD will finally apply the complex, risk-sensitive Basel II capital adequacy rules to some 8,000 European banks and some 2,000 investments firms in two stages, the first in January 2007 and the second one year later.
  • Topic: International Relations, Economics, Government
  • Political Geography: Europe
  • Author: Andreas Schneider
  • Publication Date: 12-2005
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: It is generally agreed that making progress towards eradicating hunger worldwide is a moral obligation for the richer countries of the world. The instrument known as food aid is widely regarded as an important vehicle for providing assistance to needy countries. However, fresh debates in the present Doha round of WTO negotiations have brought a renewed interest in food aid issues. The Doha round is designed to put development at the centre of trade negotiations, and along with agriculture, to the fore among the contentious issues to be agreed.
  • Topic: Agriculture, Development, Economics, International Trade and Finance
  • Author: Richard E. Baldwin
  • Publication Date: 12-2005
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: Thanks to the British Freedom of Information Act, the list of all CAP payments to English farms is public. It shows that the CAP is a dooH niboR scheme (that's Robin Hood spelled backwards). Table 1 records the CAP receipts for some of Britain's richest royalty. Why do royalty get paid? The CAP makes payments to farm owners, not to farmers, and about 40% of EU farmland is not farmed by its owner.
  • Topic: Development, Economics
  • Political Geography: United Kingdom, Europe
  • Author: Karel Lannoo, Jean-Pierre Casey
  • Publication Date: 10-2005
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: The debate on banking supervision over the last decade has largely focused on capital requirements and solvency of financial institutions. The interaction between solvency and liquidity has been much less debated. Traditionally, it was assumed that once solvency was under control, liquidity should pose no problem. Banks with sufficient capital should be able to obtain extra liquidity from the central bank against adequate collateral if needed. Furthermore, the aim of the New Basel Accord to create a better alignment of regulatory capital with the risk to which banks are exposed, and the stronger focus on diversification, should eventually reduce mismatches between solvency and effective liquidity.
  • Topic: Development, Economics, Emerging Markets
  • Political Geography: Europe
  • Author: Ángel Ubide
  • Publication Date: 09-2005
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: Since the Asian crisis, the IMF has undergone a deep process of soul searching, trying to extract lessons from the experience. External criticism has been abundant, and basically all three of the IMF's main areas of work – surveillance, crisis prevention and resolution, and poverty reduction – have been called into question. Several years later, there is a feeling that not much has been achieved, and key questions remain unanswered. As the world business cycle matures, and thus the likelihood of further crises slowly increases, it is critical for the stability of the world financial system to discuss what the IMF's business model should look like.
  • Topic: Development, Economics, Emerging Markets, International Trade and Finance
  • Political Geography: Asia
  • Author: Rym Ayadi
  • Publication Date: 09-2005
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: After almost seven years of hard work to produce a new substantive piece of legislation updating the current banking regulation for European credit institutions and investment firms – the Capital Requirements Directive (CRD) – it looks like its timely adoption is still uncertain. The main problem is the dissatisfaction of Parliament with its limited role in comitology and in the Lamfalussy process, which has led it to suspend 'temporarily' the comitology provisions of the CRD, casting doubt over the future ability to amend the legislation. The European Constitution addresses Parliament's concern about ensuring democratic accountability in the comitology process in Art. 36. The pause for reflection on the Constitution prompted by the no-votes in the French and Dutch referenda has re-ignited the issue and is forcing EU institutions to seek a new inter-institutional agreement on this issue.
  • Topic: Debt, Economics, Government
  • Political Geography: Europe
  • Author: Thomas L. Brewer
  • Publication Date: 07-2005
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: With increasing Congressional support for funding climate change technology programmes, as reflected in passage of the Hagel/Pryor amendment to the energy policy bill in June 2005, issues about the climate change budget are becoming more salient. In this Policy Brief, Congressional and Presidential actions on several recent budgets are examined for the four principal areas of the climate change budget: technology, science, international and tax credits. The emphasis is on energy technology in particular, because of its salience in current policy discussions and its relative size in financial terms. Highlights of the findings include the following: Congress imposed substantial (63.3%) increases over the administration's climate change technology proposals for 2004 and then small increases for FY2005. For 2006, the administration has proposed reductions compared with the Congressionally-enacted levels in the technology component – reductions in both nominal and inflation-adjusted terms (-4.1% and -5.6%, respectively). The administration has also proposed cuts for fiscal 2006 in the science and international programmes (-2.9 and -19.0% in real terms). These and other differences in Presidential and Congressional approaches to funding climate change programs provide further evidence that the Presidential-Congressional divide on climate policy is continuing to widen. There is an emerging bi-partisan Congressional coalition in favour of increased spending on a wide range of climate change programmes. This shift will affect EU-US relations on climate change issues for the remainder of the current administration until 2008, and beyond as well.
  • Topic: Economics, Science and Technology
  • Political Geography: United States, Europe
  • Author: Richard E. Baldwin
  • Publication Date: 06-2005
  • Content Type: Policy Brief
  • Institution: Centre for European Policy Studies
  • Abstract: The failure to reach a budget deal at the June summit may prove a blessing in disguise. The spectacular failure of the European Council to agree the last-minute compromise on the 2007-2013 Financial Perspective generated massively negative media coverage. In the short run, it will create huge difficulties for the EU, but things might have been even worse had they agreed.
  • Topic: Economics, International Organization, Treaties and Agreements
  • Political Geography: Europe