{"id":34,"date":"2011-06-16T08:41:31","date_gmt":"2011-06-16T08:41:31","guid":{"rendered":"https:\/\/blog.iese.edu\/xvives\/?page_id=34"},"modified":"2026-06-02T21:36:32","modified_gmt":"2026-06-02T20:36:32","slug":"reports","status":"publish","type":"page","link":"https:\/\/blog.iese.edu\/xvives\/publications\/reports\/","title":{"rendered":"Policy Reports"},"content":{"rendered":"<table class=\"pagTexto\" border=\"0\" width=\"100%\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td width=\"3%\"><\/td>\n<td width=\"97%\">\n<ul>\n<li><a href=\"https:\/\/www.iese.edu\/media\/research\/pdfs\/79434.pdf\" target=\"_blank\" rel=\"noopener\">Digital Money<\/a>, 2026 (with S. Cecchetti, D. Niepelt and H. Rey), CEPR, pp. 172.\u00a0<a href=\"https:\/\/cepr.org\/voxeu\/columns\/new-coins-block-digital-currencies-and-financial-system\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff\">VoxEU column<\/span><\/a>.<\/li>\n<li><a href=\"https:\/\/www.iese.edu\/media\/research\/pdfs\/78735\" target=\"_blank\" rel=\"noopener\">Artificial Intelligence in Finance<\/a>, 2025 (with T. Foucault, L. Gambacorta and W. Jiang), CEPR, pp. 197. <a href=\"https:\/\/cepr.org\/voxeu\/columns\/artificial-intelligence-finance\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff\">VoxEU column<\/span><\/a>.<\/li>\n<li><a href=\"https:\/\/www.esrb.europa.eu\/pub\/pdf\/asc\/esrb.ascreport202409_bankfragility~0a370bb239.en.pdf?cf309d3c95b17dbfbf089512abcd210b\">Addressing banks\u2019 vulnerability to deposit runs: revisiting the facts, arguments and policy options<\/a>, 2024, (with T. Beck, V. Ioannidou, E. Perotti, A. S\u00e1nchez-Serrano and J. Suarez), ECB ESRB Advisory Scientific Committee No 15. <a href=\"https:\/\/www.esrb.europa.eu\/news\/pr\/date\/2024\/html\/esrb.pr240829~c5f44cf813.en.html\">Press Release<\/a>.<\/li>\n<li><a href=\"https:\/\/www.iese.edu\/media\/research\/pdfs\/77782\">Banking Turmoil and Regulatory Reform<\/a>, 2024 (with V. Acharya, E. Carletti and F. Restoy), CEPR, pp. 167. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/eur03.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fcepr.org%2Fvoxeu%2Fcolumns%2Fbanking-turmoil-and-regulatory-reform&amp;data=05%7C02%7CCMonner%40iese.edu%7C0e5735917fa649f56f8408dd94757a05%7Ced0cd196c46d43d9813e500e8c413eda%7C0%7C0%7C638829954476635434%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=MQh2Qc63p5XY6I4sTFdfMd3EEH%2Bz8jkgKOtKzPRUrUU%3D&amp;reserved=0\">VoxEU column<\/a>.<\/span><\/li>\n<li><a href=\"https:\/\/media.iese.edu\/research\/pdfs\/76606.pdf\">The International Economic and Financial Order After the Pandemic and War<\/a>, 2023, (with G. Corsetti, B. Eichengreen and J. Zettelmeyer), CEPR, pp. 162. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/eur03.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fcepr.org%2Fvoxeu%2Fcolumns%2Finternational-economic-and-financial-order-after-pandemic-and-war&amp;data=05%7C02%7CCMonner%40iese.edu%7C0e5735917fa649f56f8408dd94757a05%7Ced0cd196c46d43d9813e500e8c413eda%7C0%7C0%7C638829954476678739%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=Nv2YwbNjheb5Ivp3j8Iq9Pr2IVrPmIpJWb2ESbEwjg8%3D&amp;reserved=0\">VoxEU column<\/a>.<\/span><\/li>\n<li><a href=\"https:\/\/cepr.org\/publications\/books-and-reports\/barcelona-4-technology-and-finance\">Technology and Finance,<\/a> 2022 (with D. Duffie, T. Foucault, L. Veldkamp), CEPR, pp. 173. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/eur03.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fcepr.org%2Fvoxeu%2Fcolumns%2Fimpact-technology-finance-new-ebook&amp;data=05%7C02%7CCMonner%40iese.edu%7C0e5735917fa649f56f8408dd94757a05%7Ced0cd196c46d43d9813e500e8c413eda%7C0%7C0%7C638829954476706618%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=g6%2BHhpEbaawqgJ02KDrA3zyD7G5het5UwSafmF%2FCp3I%3D&amp;reserved=0\">VoxEU column<\/a>.<\/span><\/li>\n<li><a href=\"https:\/\/media.iese.edu\/research\/pdfs\/75322.pdf\">Resilience of the financial system to natural disasters<\/a>, 2021 (with P. Bolton, H. Hong, M. Kacperczyk), CEPR, pp. 154. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/eur03.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fcepr.org%2Fvoxeu%2Fcolumns%2Fresilience-financial-system-natural-disasters&amp;data=05%7C02%7CCMonner%40iese.edu%7C0e5735917fa649f56f8408dd94757a05%7Ced0cd196c46d43d9813e500e8c413eda%7C0%7C0%7C638829954476827739%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=JhMcuYEKj%2FZnfrOIxp0KU2XhP3MzNBc31yu0%2BcNvSmc%3D&amp;reserved=0\">VoxEU column<\/a>.<\/span><\/li>\n<li><a href=\"https:\/\/media.iese.edu\/research\/pdfs\/ST-0549-E.pdf\">The\u00a0bank business model in the post Covid-19 world<\/a>, 2020 (with E. Carletti, S. Claessens, A. Fat\u00e1s), CEPR, pp. 158. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/eur03.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fcepr.org%2Fvoxeu%2Fcolumns%2Fbank-business-model-post-covid-19-world&amp;data=05%7C02%7CCMonner%40iese.edu%7C0e5735917fa649f56f8408dd94757a05%7Ced0cd196c46d43d9813e500e8c413eda%7C0%7C0%7C638829954476878641%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=IvdVzcWzLHxkmwTCDKD81B%2BPdpTHN%2BhD4RIjyxN2KBw%3D&amp;reserved=0\">VoxEU column<\/a>.<\/span><\/li>\n<li><a href=\"https:\/\/media.iese.edu\/research\/pdfs\/ST-0517-E.pdf\"><u>Sound at last? Assessing a decade of financial regulation, <\/u><\/a>2019 (with P. Bolton, S. Cecchetti,J.P. Danthine), CEPR, pp. 132. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/eur03.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fcepr.org%2Fvoxeu%2Fcolumns%2Fsound-last-assessing-decade-financial-regulation-new-ebook&amp;data=05%7C02%7CCMonner%40iese.edu%7C0e5735917fa649f56f8408dd94757a05%7Ced0cd196c46d43d9813e500e8c413eda%7C0%7C0%7C638829954476903251%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=vk1RcyaS0SbHcHD%2Fj9kKbnpJbTJm5rF0aQPXYysxY%2Fk%3D&amp;reserved=0\">VoxEU column<\/a>.<\/span><\/li>\n<li><a href=\"http:\/\/www.crcal.org\/guias-y-estudios\/otros-documentos\/doc_download\/26-la-politica-de-competencia-en-el-sector-bancario\" target=\"_blank\" rel=\"noopener noreferrer\"><u>La pol\u00edtica de Competencia en el Sector Bancario<\/u><\/a>, 2014, Centro Regional de Competencia Am\u00e9rica Latina, pp. 109.<\/li>\n<li><a title=\"Report on the European Economy, 2012\" href=\"http:\/\/www.cesifo-group.de\/ifoHome\/policy\/EEAG-Report\/EEAG-Report-on-the-European-Economy.html\">Report on the European Economy, 2012<\/a> (European Economic Advisory Group, with L. Calmfors, G. Corsetti, G. Saint-Paul, H-W. Sinn J-E. Sturm and Akos Valentinyi), CESifo, pp. 176.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/Report-on-the-European-Economy-2011.pdf\">Report on the European Economy, 2011<\/a> (European Economic Advisory Group, with G. Corsetti, M.P. Devereux, J. Hassler, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp. 176. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/cepr.org\/voxeu\/columns\/crisis-mechanism-euro\" target=\"_blank\" rel=\"noopener\">VoxEU column<\/a><\/span>.<\/li>\n<li><a title=\"Competition and Stability in Banking\" href=\"\/\/www.cepr.org\/active\/publications\/policy_insights\/viewpi.php?pino=50\">Competition and Stability in Banking<\/a>, 2010, CEPR Policy Insight # 50. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/cepr.org\/voxeu\/columns\/competition-and-stability-banking\" target=\"_blank\" rel=\"noopener\">VoxEU column<\/a><\/span>.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/Report-on-the-European-Economy-2010.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy 2010<\/a> (European Economic Advisory Group, with G. Corsetti, M.P. Devereux, L. Guiso, J. Hassler, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp. 134. <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/cepr.org\/voxeu\/columns\/how-rebuild-trust\" target=\"_blank\" rel=\"noopener\">VoxEU column<\/a><\/span>.<\/li>\n<li><a href=\"https:\/\/media.iese.edu\/research\/pdfs\/ESTUDIO-107-E.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Competitiveness in Catalonia: Selected Topics<\/a> (with Pankaj Ghemawat), <em>Reports of the Public-Private Sector Research Center<\/em>, 2009, 2, pp. 109.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/EEAG-2009.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2009<\/a> (European Economic Advisory Group, with G. Corsetti, M.P. Devereux, J. Hassler, T. Jenkinson, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp. 170.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/Energy-Report-2008.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Competition and Regulation in the Spanish Gas and Electricity Markets<\/a> (with G. Federico and N. Fabra), <em>Reports of the Public-Private Sector Research Center<\/em> 1, IESE Business School, 2008, pp. 187.<\/li>\n<li><a title=\"L'Enseignement de l'Economie dans les Lyc\u00e9es\" href=\"\/\/www.asmp.fr\/travaux\/gpw\/enseignement_SES_lycees.pdf\">L\u2019Enseignement de l\u2019Economie dans les Lyc\u00e9es<\/a> (with M. Albert, T. Atkinson, P. Bauchet, J.-C. Berth\u00e9lemy, M. Boiteux, B. Bourgeois, J.-C. Casanova, P.-A. Chiappori, B. Collomb, Y. Gattaz, G. de M\u00e9nil, M. P\u00e9bereau, B. Saint-Sernin and J. Scheinkman, 2008, Acad\u00e9mie des Sciences Morales et Politiques, France, reprinted in <em>Commentaire<\/em>, 2008, 123, 725-776.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/48.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2008<\/a> (European Economic Advisory Group, with L. Calmfors, G. Corsetti, M.P. Devereux, S. Honkapohja, J. Kay, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp. 144.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/49.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2007<\/a> (European Economic Advisory Group, with L. Calmfors, G. Corsetti, M.P. Devereux, S. Honkapohja, J. Kay, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp. 151.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/50.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2006 <\/a>(European Economic Advisory Group, with L. Calmfors, G. Corsetti, S. Honkapohja, J. Kay, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp. 120.<\/li>\n<li><a title=\"Non-Horizontal Mergers Guidelines: Ten Principles. A note by the EAGCP Merger Sub-Group\" href=\"\/\/ec.europa.eu\/competition\/mergers\/legislation\/non_horizontal_guidelines.pdf\">Non-Horizontal Mergers Guidelines: Ten Principles. A note by the EAGCP Merger Sub-Group<\/a> (with M. Ivaldi, B. Lyons, M. Schnitzer, J. Van Reenen, F. Verboven and N. Vettas), DG Competition, European Union, 2006.<\/li>\n<li><a title=\"Integration of European Banking: The Way Forward\" href=\"\/\/www.cepr.org\/content\/med-3-integration-european-banking-way-forward\">Integration of European Banking: The Way Forward<\/a> (with Pedro Barros, Erik Bergl\u00f6f, Paolo Fulghieri, Jordi Gual and Colin Mayer), Monitoring European Deregulation 3, CEPR, 2005, pp. 103.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/52.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2005<\/a> (European Economic Advisory Group, with L. Calmfors, G. Corsetti, S. Honkapohja, J. Kay, W. Leibfritz, G. Saint-Paul, and H-W. Sinn), CESifo, pp.116.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/54.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2004 <\/a>(European Economic Advisory Group, with L. Calmfors, G. Corsetti, S. Honkapohja, J. Kay, W. Leibfritz, G. Saint-Paul, and H-W. Sinn), CESifo, pp. 141.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/55.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2003 <\/a>(European Economic Advisory Group, with L. Calmfors, G. Corsetti, J. Fleming, S. Honkapohja, J. Kay, W. Leibfritz, G. Saint-Paul, and H-W. Sinn), CESifo, pp. 133.<\/li>\n<li><a href=\"https:\/\/blog.iese.edu\/xvives\/files\/2011\/09\/56.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Report on the European Economy, 2002 <\/a>(European Economic Advisory Group, with G. Corsetti, J. Fleming, S. Honkapohja, W. Leibfritz, G. Saint-Paul, and H-W. Sinn), CESifo, pp. 95.<\/li>\n<li><a title=\"Monitoring European Integration: The Future of European Banking\" href=\"http:\/\/dev3.cepr.org\/press\/MEI9PR.htm\">Monitoring European Integration: The Future of European Banking<\/a>, (with J-P Danthine, F. Giavazzi and E-L von Thadden), CEPR, 1999, pp. 118.<\/li>\n<li><a title=\"Single Market Review 96: Competition Issues\" href=\"\/\/www.google.es\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=2&amp;ved=0CDkQFjAB&amp;url=http%3A%2F%2Fbookshop.europa.eu%2Fen%2Fcompetition-issues-pbC17196003%2Fdownloads%2FC1-71-96-003-EN-C%2FC17196003ENC_001.pdf%3Bpgid%3Dy8dIS7GUWMdSR0EAlMEUUsWb0000ReRQZj8C%3Bsid%3DHVDIUvhFdX_IM6l7fT1W9ZpgUDPWILUmAyI%3D%3FFileName%3DC17196003ENC_001.pdf%26SKU%3DC17196003ENC_PDF%26CatalogueNumber%3DC1-71-96-003-EN-C&amp;ei=tVtGU8LgGIGG0AWgoIC4CQ&amp;usg=AFQjCNHibLBCxNHSFffpRDpmOuZqbeiMgg&amp;bvm=bv.64507335,d.d2k\">Single Market Review 96: Competition Issues<\/a>, (main project adviser with teams from London Economics and IAE), European Commission, September 1996, pp. 327.<\/li>\n<li><a title=\"Information Exchange Among Firms and their Impact on Competition\" href=\"\/\/bookshop.europa.eu\/en\/information-exchanges-among-firms-and-their-impact-on-competition-pbCV8995026\/?CatalogCategoryID=iuoKABstTO0AAAEjtZAY4e5L\">Information Exchange Among Firms and their Impact on Competition<\/a> (with K-U. K\u00fchn), European Commission Document, Luxembourg: Office for Official Publications of the European Communities, 1995, pp. 146.<\/li>\n<li><a title=\"Monitoring European Integration: The Makng of Monetary Union\" href=\"\/\/www.cepr.org\/pubs\/books\/P053.asp\">Monitoring European Integration: The Making of Monetary Union,<\/a> (with D. Begg, P-A. Chiappori, F. Giavazzi, C. Mayer, D. Neven, L. Spaventa, and C. Wyplosz), CEPR, 1991, pp. 30.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Digital Money, 2026 (with S. Cecchetti, D. Niepelt and H. Rey), CEPR, pp. 172.\u00a0VoxEU column. Artificial Intelligence in Finance, 2025 (with T. Foucault, L. Gambacorta and W. Jiang), CEPR, pp. 197. VoxEU column. Addressing banks\u2019 vulnerability to deposit runs: revisiting the facts, arguments and policy options, 2024, (with T. Beck, V. Ioannidou, E. Perotti, A. [&hellip;]<\/p>\n","protected":false},"author":714,"featured_media":0,"parent":2,"menu_order":6,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-34","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/pages\/34","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/users\/714"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/comments?post=34"}],"version-history":[{"count":46,"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/pages\/34\/revisions"}],"predecessor-version":[{"id":4751,"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/pages\/34\/revisions\/4751"}],"up":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/pages\/2"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/xvives\/wp-json\/wp\/v2\/media?parent=34"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}