Suchergebnisse

PART 1. PURPOSE AND PROLOGUE -- Chapter 1. Owning and Owing -- Chapter 2. From Warfare to Welfare in Three Generations -- PART 2. ACCOUNTING FOR GOVERNMENT -- Chapter 3. Why Government Accounting Matters -- Chapter 4. What Does the Government Balance Sheet Look Like? -- Chapter 5. Why Accrual Accounting Matters -- Chapter 6. Accrual Accounting – How it Works in Practice -- Chapter 7. Central Banks and the Public Sector Balance Sheet -- Chapter 8. Looking to the Future: The Comprehensive Balance Sheet -- Chapter 9. Comparison of Public Sector Balance Sheets -- Chapter 10. Comparison of Comprehensive Balance Sheets -- Chapter 11. Review of Fiscal Rules -- PART 3. MANAGING PUBLIC COMMERCIAL ASSETS AND LIABILITIES -- Chapter 12. Finding, Understanding and Valuing Public Commercial Assets -- Chapter 13. The Asset Map: A Shortcut to Understanding Property Holdings Better -- Chapter 14. Institutionalising Asset Management -- Chapter 15. What Should Governments Do with Public Commercial Assets? -- Chapter 16. Managing Assets Better: The Role of Public Wealth Funds -- Chapter 17. Pensions and Other Liabilities: The Benefits of Disclosure and Management -- PART 4. PAST, PRESENT AND FUTURE -- Chapter 18. Balance Sheets, Culture and National Achievement in Europe 1560 - 1834 -- Chapter 19. How Accounting Can Save Democracy -- Chapter 20. Implementing Change.

The Theory and Practice of Economic Governance in EMU Revisited: What Have we Learnt About Commitment and Credibility? / Waltraud Schelkle The Joint-Decision Trap Revisited / Fritz W. Scharpf Only One Bed for Two Dreams: A Critical Retrospective on the Debate over the Economic Governance of the Euro Area / Jean Pisani-Ferry Economic Governance, Ideas and EMU: What Currency Does Policy Consensus Have Today? / Kathleen R. McNamara 'Deliberative Political Processes' Revisited: What Have we Learnt About the Legitimacy of Supranational Decision-Making / Christian Joerges The ECB and the Conduct of Monetary Policy: Goodhart's Law and Lessons from the Euro Area / C.A.E. Goodhard The Centralization of Wage Bargaining Revisited: What Have we Learnt? John Driffill What Have we Learnt about Monetary Integration since the Maastricht Treaty? / Paul de Grauwe The 'Sense and Nonsense of Maastricht' Revisited: What Have we Learnt about Stabilization in EMU? / Willem H. Buiter

This report elucidates the risk channels for EU economies associated with international financial integration and provides an overview of the macroprudential policy options that are available to address these risks. It builds on the main insights from the rich academic literature developed recently to create a narrative of the role of global variables for the conduct of macroprudential policy at a national level. The report reviews the evidence on the cross-border spillovers of domestic macroprudential policies (MPPs). It also highlights key policy areas for making macroprudential policy as effective as possible.