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Benoît Cœuré
Benoît Georges Cœuré (; born 17 March 1969) is a French economist who has been serving as President of the Autorité de la concurrence, ''Autorité de la concurence'' since 2022. He previously served as a member of the Executive Board of the European Central Bank from 2012 to 2019. Education Benoît Cœuré graduated from École Polytechnique, Ecole Polytechnique (X 1987) and the National School of Statistics and Economic Administration (ENSAE ParisTech, Ensae). He also holds a Master of Advanced Studies (DEA) in economic analysis and policy from the School for Advanced Studies in the Social Sciences, School for Advanced Studies in the Social Sciences (EHESS) and a B.A. in Japanese from University Paris Diderot University, Paris 7. Early career Cœuré taught economics at l'Ecole Polytechnique and was chief economist, No. 2 official, head of multilateral affairs and development, and head of France’s debt-management office in the country's Minister of the Economy, Industry ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Autorité De La Concurrence
The ; ) is France's national competition regulator. Its predecessor, the Competition Council, was established in the 1950s. The Competition Authority is an , responsible for preventing anti-competitive practices and monitoring the functioning of markets. It aims to ensure respect for the law linked "to the defense of a sufficient market competition". Although it is not considered a court, it pronounces injunctions, makes decisions, and if necessary, imposes penalties, subject to appeal to the Court of Appeal of Paris and the Court of Cassation. It also issues opinions. The main sources of law of its action are the Commercial Code (Book IV) and Articles 101 and 102 of the Treaty on the Functioning of the European Union. Its headquarters are in Paris, at 11 Rue de l'Echelle (some services such as the concentrations or the economy are at 6 avenue de l'Opéra) History Created by a decree of 9 August 1953 in the form of a commission attached to the Minister for the Econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Sovereign Debt Crisis
The euro area crisis, often also referred to as the eurozone crisis, European debt crisis, or European sovereign debt crisis, was a multi-year debt crisis and financial crisis in the European Union (EU) from 2009 until, in Greece, 2018. The eurozone member states of Greece, Portugal, Ireland, and Cyprus were unable to repay or refinance their government debt or to bailout fragile banks under their national supervision and needed assistance from other eurozone countries, the European Central Bank (ECB), and the International Monetary Fund (IMF). The crisis included the Greek government-debt crisis, the 2008–2014 Spanish financial crisis, the 2010–2014 Portuguese financial crisis, the post-2008 Irish banking crisis and the post-2008 Irish economic downturn, as well as the 2012–2013 Cypriot financial crisis. The crisis contributed to changes in leadership in Greece, Ireland, France, Italy, Portugal, Spain, Slovenia, Slovakia, Belgium, and the Netherlands as well as in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christine Lagarde
Christine Madeleine Odette Lagarde (; , ; born 1 January 1956) is a French politician and lawyer who has been the President of the European Central Bank since 2019. She previously served as the 11th Managing Director of the International Monetary Fund (IMF) from 2011 to 2019. Lagarde had also served in the Government of France, most prominently as Minister of the Economy, Finance and Industry from 2007 until 2011. She is the first woman to hold each of those posts. Born and raised in Paris, Lagarde graduated from law school at Paris Nanterre University and obtained a Master's degree from Sciences Po Aix. After being admitted to the Paris Bar, she joined the international law firm Baker & McKenzie as an associate in 1981, specializing in labour and anti-trust, as well as mergers and acquisitions. Rising through the ranks, she was a member of the executive committee of the firm from 1995 until 1999, before being elevated to its Chair between 1999 and 2004; she was the first woma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of The European Central Bank
The president of the European Central Bank is the head of the European Central Bank (ECB), the main institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union (EU) The current president of the European Central Bank is Christine Lagarde, previously the chair and managing director of the International Monetary Fund. Role and appointment The president heads the executive board, Governing Council and General Council of the ECB, and represents the bank abroad, for example at the G-20 major economies, G20. The officeholder is appointed by a Voting in the Council of the European Union, qualified majority vote of the European Council, ''de facto'' by those who have adopted the euro, for an eight-year non-renewable term. History Duisenberg Wim Duisenberg was President of the European Monetary Institute (EMI) when it became the ECB, just prior to the launch of the Euro, on 1 June 1998. Duisenberg then became the first President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stablecoins
A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency. In theory, 1:1 backing by a reference asset could make a stablecoin value track the value of the peg and not be subject to the radical changes in value common in the market for many digital assets. In practice, stablecoin issuers have yet to be proven to maintain adequate reserves to support a stable value, and there have been a number of failures with investors losing the entirety of the (fiat currency) value of their holdings. Background Stablecoins have several purported purposes. They can be used for payments and are more likely to retain value than highly volatile cryptocurrencies. In practice, many stablecoins have failed to retain their "stable" value. Stablecoins are typically non-interest bearing and therefore do no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Committee On Payments And Market Infrastructures
The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1930 it is the oldest international financial institution. Its initial purpose was to oversee the settlement of World War I war reparations. The BIS carries out its work through its meetings, programmes and through the Basel Process, hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. The BIS is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City. History Background International monetary cooperation started to develop tentatively in the course of the 19th century. An early case was a £400,000 loan in gold coins, in 1825 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Output Gap
The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP, in an attempt to identify the current economic position over the business cycle. The measure of output gap is largely used in macroeconomic policy (in particular in the context of EU fiscal rules compliance). The GDP gap is a highly criticized notion, in particular due to the fact that the potential GDP is not an observable variable, it is instead often derived from past GDP data, which could lead to systemic downward biases."True, the output gap is an elusive concept that should never have become a gauge for conducting public policy, and it may be larger than thought."Monetary policy: lifting the veil of effectivenes Speech by Benoit Cœuré, 18 December 2019 Calculation The calculation for the output gap is (Y–Y*)/Y* where Y is actual output and Y* is potential output. If this calculation yields a positive number it is called an inflationary gap and indicates the growt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PRESS CONFERENCE - INFORMAL MEETING OF MINISTERS FOR ECONOMIC AND FINANCIAL AFFAIRS (Informal ECOFIN) 2016-09-09 (29481294631)
Press may refer to: Media * Publisher * News media * Printing press, commonly called "the press" * Press TV, an Iranian television network Newspapers United States * ''The Press'', a former name of ''The Press-Enterprise'', Riverside, California * ''The Ridgefield Press'', Ridgefield, Connecticut, published weekly * ''The Grand Rapids Press'', Grand Rapids, Michigan * ''The Oakland Press'', Oakland County, Michigan * ''The Press of Atlantic City'', Atlantic City, New Jersey * ''Riverdale Press'', Bronx, New York City, New York, a weekly publication * '' The Dickinson Press'', Dickinson, North Dakota * ''Cleveland Press'', Cleveland, Ohio, published from 1876 to 1982 * ''The Philadelphia Press'', Philadelphia, Pennsylvania, published from 1857 to 1920 * ''The Pittsburgh Press'', a historic newspaper in Pittsburgh, Pennsylvania, that ceased publication in 1991 * ''The Sheboygan Press'', Sheboygan, Wisconsin Elsewhere * ''The Press'', online student newspaper produced by SAIT Polytec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
