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Found 80 results.
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Press Releases // 21.03.2022
2022, amongst the enacted measures, the sanctions imposed on the Russian central bank and the exclusion of Russian banks from the SWIFT payment system are likely to have the most severe impacts on the Russian [...] expect damage to result from the exclusion of Russian banks from SWIFT and only 20% expect damage from measures taken against the Russian central bank. Just 11% expect a negative impact on the German economy [...] the sanctions are unlikely to motivate a change in the interest rate policy of the European Central Bank (ECB). - ‘The surveyed financial market experts see considerable consequences for Russia due to sanctions
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Publications // 19.04.2021
correspondent banks has substantial negative effects on trade in emerging Europe. The effect is stronger for trading partners with a large geographical distance, for countries with high foreign bank presence [...] This paper investigates the importance of correspondent banking for trade and firm performance in emerging Europe. We exploit the unexpected "structural break" in the U.S. regulator’s enforcement of financial [...] financial crime offences as a supply shock to correspondent banking limiting the availability of payment transaction possibilities and trade finance products for local firms. Using industry-level bilateral
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Press Releases // 26.03.2019fiscal (e.g. by lowering the value-added tax) and monetary policy measures (e.g. by further cutting banks’ reserve requirement ratio). “The expectations of the experts reflect the decisions made at the National [...] They expect to see a further rise in government consumption as well as an increase in domestic and foreign debt. The planned monetary policy measures are, in turn, reflected in the anticipated surge in stock
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News // 12.02.2019the realm of possibility. While the US has been quick to use the hegemony of the US dollar as a foreign policy tool – for example, to implement sanctions against Iran – China has been working to establish [...] highlight the importance of a strong and stable euro – and, by extension, the need to complete the banking union. With a view to environmental policy, the Paris agreement must be seen as a mere milestone
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News // 22.11.2018other EU Member States and, in particular, banks. The EU should thus approach the further development of both the European Stability Mechanism and the Banking Union with great determination. While the council [...] should refrain from taking protectionist measures such as the right of objection in the case of foreign company takeovers from outside the European Union, or a special tax on the turnover of digital companies [...] Schnabel. Around 50 per cent of Germany’s “job miracle” of the past few years was made possible by foreign workers. Moving forward with the implementation of a “Skilled Workers Immigration Act” is therefore
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News // 07.02.2011
rescue plan essentially serves as a bail-out for the banks. The same applies to the aid given to Greece in the sense that in early 2010 German and French banks granted receivables to Greece totalling 44 and [...] and 71 billion US dollars, respectively (this amounts to around 57 per cent of all consolidated foreign receivables made to Greece). Given the recent bankruptcy of Lehman Brothers and the global financial [...] to be going in order to avoid similar crises in the future as much as possible. First, prominent banks should not be allowed to be in a position where they can hold the government and tax payers hostage
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News // 29.01.2018Brexit in EU law is sure to be creative and flexible, as was the case for the Greek bailouts and banking crisis in Italy. Some members of the audience took issue with this argument, and the discussion [...] European Parliament, and Elmar Brok MEP, who is a member of the Brexit Steering Group as well as the foreign policy coordinator of the European People’s Party (EVP). Minford asserted that in comparison to the