Cátedra Jean Monnet ad personam. Departamento Economía.
Catedrático europeo Jean Monnet: Dr. Carlos San Juan Mesonada
Economía de la Integración Europea / Economics of European Integration
Economía Española y Europea
BY Julia JH Park, June 24, 2016Publicado el 22 July 2016
his is why you don’t play with fire, kids. The joke gets out of hand.
Today, Great Britain - or 52% of it, anyway - voted to leave the European Union after 43 years. Despite the best efforts of politicians in Britain and Europe to reassure the shocked nation (and the world!) results been undeniably immediate. The pound has fallen more than 10%, “a low not seen since 1985,” while the British stock market has plummeted in similar fashion. Prime Minister David Cameron has resigned.
So what does this all mean for international students who are neither British nor European?
Follow the latest news and analysis from The Wall Street Journal after the U.K.’s vote to leave the European UnionPublicado el 22 July 2016
Patrick Artus, NATXIS. 21 July 2016 - 749Publicado el 22 July 2016
The ECB is playing on words or on the letter and spirit of the ECB’s mandate
The ECB claims that it is complying thoroughly with its mandate, and that accordingly:
It will never use "helicopter money";
It is not monetising public debt;
It is not interfering with countries’ fiscal policies.
But the ECB is playing on words, because in fact:
Using monetary creation to buy government bonds issued to finance government transfer payments is exactly equivalent to helicopter money;
Using monetary creation to buy government bonds (admittedly in the secondary market and not in the primary market) when central banks pay their profits back to the governments is precisely the monetisation of public debt;
Pushing down long-term interest rates allows governments, due to lower interest charges on the public debt, to increase their other expenses, and put off in time the adjustment of public debt ratios: there is clearly interference with fiscal policies.
by Chris, ORT ZONE, Posted on 2016-07-15Publicado el 22 July 2016
How’s the global flower industry going to be affected, now that UK has decided to exit the EU through a referendum and subsequent invoking of Article 50 of the Lisbon Treaty?
Well, let’s find out.
Overview of Brexit Central bankers, analysts and investors alike had warned that Brexit could hinder growth in the U.K. and pummel sterling.
According to a report by The Wall Street Journal, The Bank of England had warned that a vote to leave the EU could push up unemployment, and threaten foreign investments that support the U.K. economy.
With the referendum now water under the bridge, and 52% of over 30 million Britons having voted to leave the European Union, the country has started feeling the impact among them the slumping British Pound to a 32-year low.