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           Focus
        | Three key policy intiatives to revive investment in Europe 
 This study proposed strategy for the European financial structure is three-pronged. First, the traditional bankbased European structure should be preserved, however allowing for some disintermediation. Second, covered bond markets should be proactively developed to allow banks to outsource risk. Third, the European economy needs more, longer-term, risk takers. >>>
 Jesper Berg, Laurent Clerc, Olivier Garnier, Erik Nielsen & Natacha Valla
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    	   publications
		 
	         
          
            
              From the Investment Plan to the Capital Markets Union: European Financial Structure and Cross Border Risk-sharingJesper Berg, Laurent Clerc, Olivier Garnier, Erik Nielsen & Natacha Valla
 
 
Which import restrictions matter for trade in services ?Julien Gooris, Cristina Mitaritonna
 
 
Liquidity, Government Bonds and Sovereign Debt CrisesFrancesco Molteni
 
 
Excess Finance and Growth: Don't Lose Sight of Expansions !Thomas Grjebine, Fabien Tripier
 
 
Non-Tariff Measures, Specific Trade Concerns and Tariff ReductionGianluca Orefice
 
 
Trade and The Spatial Distribution of Transport InfrastructureGabriel J. Felbermayr, Alexander Tarasov
 
 
Wage and Employment Gains from Exports: Evidence from Developing CountriesIrene Brambilla, Nicolas Depetris Chauvin, Guido Porto
 
 
The Multinational Wage Premium and Wage DynamicsGianluca Orefice, Nicholas Sly, Farid Toubal
 
 
Brands in Motion: How frictions shape multinational productionKeith Head, Thierry Mayer
 
 
Reassessing the empirical relationship between the oil price and the dollarVirginie Coudert, Valérie Mignon
 
 
Can the magic of Abenomics succeed?Evelyne Dourille-Feer
 
 
With a Little Help from My Friends: Multinational Retailers and China's consumer Market PenetrationCharlotte Emlinger, Sandra Poncet
 
 
 
            
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		   Edito
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 Falling oil price and appreciating dollar: is it normal?
 
 This question has become even more acute with the recent sharp fluctuations observed on both the oil and U.S. forex markets. Indeed, the oil price has been falling since June 2014, while the U.S. currency has exhibited an appreciating trend. Is the evolution of oil price and US dollar in opposite direction a typical feature regarding historical records?
 Virginie Coudert, Valérie Mignon
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  To Stay Informed 
 ISSN: 1255-7072 
Editorial Director : Antoine Bouët 
Managing Editor : Dominique Pianelli
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