If You Pay Peanuts do You Get Monkeys? A Cross Country Analysis of Teacher Pay and Pupil Performance

Peter Dolton (Royal Holloway College, University of London)
Oscar D. Marcenaro-Gutierrez (University of Malaga)

Multinational Banking in Europe: Financial Stability and Regulatory Implications – Lessons from the Financial Crisis

Giorgio Barba Navaretti (University of Milan)
Giacomo Calzolari (University of Bologna)
Alberto Franco Pozzolo (University of Molise)
Micol Levi (Centro Studi Luca d’Agliano)

Mitigating the Pro-Cyclicality of Basel II

Rafael Repullo (CEMFI)
Jesús Saurina (Banco de España)
Carlos Trucharte (Banco de España)

Who Needs Credit and Who Gets Credit in Eastern Europe?

Martin Brown (Swiss National Bank)
Steven Ongena (CentER – Tilburg University)
Alexander Popov (European Central Bank)
Pinar Yesin (Swiss National Bank)

Inflation Risk and the Inflation Risk Premium

Geert Bekaert (Columbia Business School)
Xiaozheng Wang (Criterion Economics)

Ethnic Identity and Labour Market Outcomes of Immigrants in Europe

Alberto Bisin (New York University)
Eleonora Patacchini (University of Rome ‘La Sapienza’)
Thierry Verdier (Paris School of Economics)
Simon Loretz (Oxford University Centre for Business Taxation)
Yves Zenou (Stockholm University)

Currency Mismatch and Systemic Risk in Emerging Europe

Romain Ranciere (Paris School of Economics)
Aaron Tornell (University of California at Los Angeles)
Athanasios Vamvakidis (International Monetary Fund)