Category Archives: Banking and finance

Capital Controls and Transactional Culture

Antonis Kotidis (Bonn Graduate School of Economics) documents that the recent imposition of capital controls led to an increase in the number of debit cards issued and in POS (point-of-sale) terminals installation. Although these developments are encouraging for the future of … Continue reading

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Europe will benefit from Greece being given a fresh start

On January 22, 2015, the Financial Times have published a letter signed by eighteen economists, including Nobel Laureates Joseph Stiglitz and Chris Pissarides (GEfR founding member). The letter argues that Europe will benefit from Greece being given a fresh start. … Continue reading

Posted in Banking and finance, Economic development, Europe, General, Macroeconomics, Political economy, Press, Public finance, Uncategorized | Leave a comment

A proposal for curtailment of the shadow economy

The shadow economy is inversely related with the per capita electronic payments in the European countries. The Greek economy is characterized by a surging shadow economy and one of the lower numbers of per capita electronic payments in Europe. Manthos … Continue reading

Posted in Banking and finance, Political economy, Public finance | 1 Comment

Grexit is now less dangerous for the Eurozone

In a full-page interview in the Greek newspaper “Kathimerini” on Sunday, January 11, 2015, Michael Haliassos describes where the Greek adjustment program of the past five years has gone wrong, and why Greece has no room for creating further uncertainties … Continue reading

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Challenges for the New Greek Government

Article of Costas Meghir (Douglas A. Warner III Professor of Economics, Yale University)   in Greek.

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How To Solve The Greek Public Debt Problem

How To Solve The Greek Public Debt Problem In an article in ESTIA, Prof. Nicholas Economides discusses how issuing new bonds and using the moneys exclusively for investment will solve the Greek sovereign debt problem. Additionally he proposes reducing interest … Continue reading

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Greek and EU Economic Crisis

Professor Nicholas Economides of the Stern School of Business NYU and the Haas School of Business UC Berkeley presented on May 28, 2014 at KEPE his proposals for the reduction of the Greek public debt, growth, and structural reforms for … Continue reading

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Bank of Greece: Selection of New Governor

Στο άρθρο αυτό ο Ηλίας Παπαϊωάννου περιγράφει μία απλή πρόταση για την επιλογή της διοίκησης της Τράπεζας της Ελλάδος, μέσω ενός ανοικτού διεθνούς διαγωνισμού με ανεξάρτητους κριτές-αξιολογητές υπό την εποπτεία μίας ad hoc ανεξάρτητης και διεθνώς αναγνωρισμένης επιτροπής αξιολόγησης. Περισσότερα … Continue reading

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Greece should issue new bonds before the European elections

In an article published in Kathimerini, on February 9, Prof. Nicholas Economides proposes that Greece issue new 5-year bonds immediately, that is, before the European elections. This would be the first time Greece would issue bonds since its crisis in … Continue reading

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A debate between German and Greek economists on growth and austerity in Greece

On 10 July 2013, an interesting debate on the Greek crisis took place between Daniel Gros, the director of the Brussels-based research institute CEPS, Gikas Hardouvelis, professor of Finance at the University of Piraeus and Chief economist at Eurobank, and … Continue reading

Posted in Banking and finance, Economic development, Europe, Labour market, Product market, Public finance, Public sector productivity | 1 Comment