Building on the counter-cyclical consensus: a policy agenda

Policy Study

09/10/2014

the long history of financial cycles, of which the current global crisis is an example, shows that pro-cyclical behaviour is inherent to the functioning of financial markets. Pro-cyclicality is characterised by excessive risk-taking and financial activity in good times, followed by insufficient risk-taking and financial activity in bad times. The pro-cyclical nature of finance calls for regulation that “leans against the wind”.

Read the background paper of the Basel-III conference written for FEPS and IPD by Stephany GRIFFITH-JONES, Jose Antonio OCAMPO and Ariane ORTIZ, Initiative for Policy Dialogue

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Brussels, my love? Europe’s economy in a struggle for survival

by Euronews 21/10/2024
FEPS director of studies and policy David Rinaldi participated in this episode of Euronews’ show ‘Brussels my love’.

Megadóztatná a szupergazdagokat? Ha igen, most tehet valamit

by Zöld Hang 04/10/2024
'Would you tax the super-rich? If so, you can do something now' Interview to FEPS Secretary General, László Andor on the 'Tax the rich' EU initiative by the Hungarian newspaper Zöld Hang.

Orbánov boj z zunanjim sovražnikom ni bil kos inflaciji

by DELO 28/05/2024
In an article in Delo, László Andor criticises Viktor Orbán government's economic policies, such as not allowing Hungary to join the euro area, which he believes would have helped curb inflation. He also criticises the government for blaming external enemies such as the President of the European Commission, to cover up its own failures.

Ex-EU-Kommissar Andor: Orbán gerät an die Peripherie

by Austria Presse Agentur 28/05/2024
"Former EU Commissioner Andor: Orbán is relegated to the periphery" Austrian news agency APA interviewed FEPS Secretary General László Andor on Europe's political situation ahead of the upcoming EU elections.