International Economics

The euro for China: too big to fail and too hard to rescue

Miguel Otero-Iglesias. ARI 45/2014 - 13/10/2014.

The aim of this paper is to understand China’s strategic behaviour towards the European Monetary Union (EMU).

The distance between Spain’s image and the country’s reality

William Chislett. ARI 43/2014 - 2/10/2014.

Spain has come out of recession, but its image abroad remains out of sync with reality.

‘Race to the bottom’ or setting global standards? Assessing the regulatory impact of the Transatlantic Trade and Investment Partnership (TTIP)

Gabriel Siles-Brügge. ARI 42/2014 - 19/9/2014.

This study considers the likely regulatory impact of the proposed EU-US Transatlantic Trade and Investment Partnership (TTIP) in three key policy areas: investor protection, public services and food safety.

Spain turns the corner, but the legacy from the crisis persists

William Chislett. WP 9/2014 - 5/8/2014.

The programme of reforms and austerity measures has set Spain on a path of accelerating growth, but the legacy from the crisis remains profound.

Germany and political union in Europe: nothing moves without France

Miguel Otero-Iglesias. WP 8/2014 - 4/8/2014.

This working paper attempts to understand why after decades proposing the creation of a political union to make European Monetary Union (EMU) sustainable, Germany has not used the window of opportunity offered by the Eurozone crisis to pursue this goal more vigorously.

Net job creation finally arrives in Spain

William Chislett. Expert Comment 52/2014 - 25/7/2014.

Spain’s accelerating economic recovery is finally feeding through to job creation. In the 12 months between June 2013 and 2014, 192,400 jobs were created - the first year-on-year rise since 2008 when the economic crisis ended a 13-year period of strong growth and the country went into five years of decline after the bursting of a debt-fuelled property bubble.

The BRICS New Development Bank: a historic game-changer?

Miguel Otero-Iglesias. Expert Commment 48/2014 - 17/7/2014.

Following two years of intense negotiations, the BRICS leaders agreed on 15 July 2014 in Fortaleza (Brazil) to launch the New Development Bank (NDB). This is a significant (and therefore not to be underestimated) step in their efforts to build a less crisis-prone international financial system.

Spanish direct investment abroad rebounds

William Chislett. ARI 31/2014 - 24/6/2014.

After a period of consolidation following the onset of Spain’s recession in 2009, which led some multinationals to sell assets regarded as non-strategic, particularly those that needed to reduce their debt levels, companies are investing again.

Alexis Tsipras’ support for Juncker shows the extent to which the UK’s position is out of sync with public opinion across the EU

Miguel Otero-Iglesias. Opinion - 18/6/2014.

David Cameron has opposed Jean-Claude Juncker’s candidacy for the next President of the European Commission. While Juncker may not be the best candidate for the job, he is the most legitimate from a democratic perspective.

Spanish economy: growing at last but hardly denting unemployment

William Chislett. Expert Comment 35/2014 - 19/5/2014.

The Spanish economy is now firmly out of recession and jobs are beginning to be created, particularly in the services sector, but the stubbornly high unemployment rate will not dip below 20% until 2017, according to the government’s forecasts.