Uber – an app that links private taxi drivers with customers – has encountered several roadblocks around the world …
Is Spain Better than a AAA Rate?
For the first time since the beginning of the crisis, the Spanish government faces lower borrowing costs that the U.S. …
Securitization Makes a Come Back: Haven’t We Learned from the Crisis?
Even after having been identified as one of the culprits of the 2007-2008 financial crisis, securitization is making a come back, with support of some central bank officials. Why? Securitization refers to the pooling and repackaging of assets in securities with claims on the cash flows generated by the asset. The final product of such […]
Is Spanish Government reformism delivering?
Does the current economic policy in Spain help or impede the recovery and medium and long-run growth prospects? Together with a group of eight IESE experts and six of some of the most prominent Spanish economists, we have developed the Reform Monitor, an assessment of the performance of the Spanish economy; the adequacy of the […]
Deflation Fears in the Euro Area are Overstated
According to Eurostat, the annual inflation rate in the Euro area was only 0.7% in February 2014. A year earlier that same rate stood at 1.8%. This has prompted concerns about the Euro Area slipping into deflation. Deflation is defined as a general decrease of the price level. There have been several such episodes in […]