Publications in: Financial markets and Institutions

Analysis of Developments in the Fields of Direct Investment and M&A — Part II: Foreign Firms’ Contributions to EU Economic Performance

Published: December, 2013

Part II of Analysis of developments in the fields of direct investment and M&A considered the performance of foreign firms that are recipients of FDI.   Domestic firms far outweigh foreign-owned firms in the EU; however, the contributions of foreign-owned firms to economic performance are disproportionately high in terms of productivity, employment generation and the […]

The Potential of Big Data – Can Patterns in Consumer Spending Predict Economic Sentiment?

Published: December, 2013

BBVA is the first banking institution to make Big Data on real trading activity publicly available. In particular, hourly credit card transaction data was provided for the cities of Madrid and Barcelona on a geographically granular basis for a period of six months toward the end of 2012 and beginning of 2013. London Economics used […]

PSD I and PSD II

Published: October, 2013

Presentation, Global Money Transfer Summit 2013, 29-30 October 2013.

PSD II – Proposed Changes and Timetable

Published: September, 2013

Presentation to UKMTA conference “International payment services – what are the opportunities and threats for business in a changing marketplace?”, 19 September 2013.

Study on the Impact of Directive 2007/64/EC on Payment Services in the Internal Market and on the Application of Regulation (EC) No. 924/2009 on Cross-border Payments in the Community

Published: July, 2013

The study, undertaken with iff and PaySys, examines the effects of Directive 2007/64/EC on payment services in the internal market (PSD) and Regulation (EC) No 924/2009 on fees and charges for cross-border payments (Regulation 924) and identifies a number of potential amendments to current version of the PSD.  The report is based on four different […]

From Shadow to Formal Economy: Levelling the Playing Field in the Single Market

Published: June, 2013

Presentation of Study to the Committee on the Internal Market and Consumer Protection, 27 June 2013, Brussels

The Impact of a Financial Transaction Tax on Corporate and Sovereign Debt

Published: April, 2013

Commissioned on behalf of the International Regulatory Strategy Group and authored by London Economics, this paper examines the impact of the European Commission’s proposed financial transaction tax (FTT) on corporate and sovereign debt markets. The research quantifies the additional cost the FTT is likely to impose on corporates and sovereigns using debt security markets to […]

The Impact of a Financial Transactions Tax on Corporate and Sovereign Debt

Published: April, 2013

Following the publication of our study The Impact of a Financial Transaction Tax (FTT) on Corporate and Sovereign Debt (available here), London Economics presented key findings to attachĂ©s and Ministry of Finance officials in Brussels on 15 April 2013 in order to inform debate during the Council FTT working group meeting the following day. The […]

The Impact of the EU Financial Transactions Tax on the Real Economy – Analysis of the Impact on Corporate and Sovereign Bonds

Published: April, 2013

This Financial services and capital markets briefs highlights the significance of the proposed EU financial transactions tax (FTT) to the real economy. The FTT rates are small – 0.1% on equities and bonds and 0.01% on derivatives. However, the associated total tax burden may be significant through a number‐of‐transactions effect (as securities are traded frequently) […]

Analysis of Developments in the Fields of Direct Investment and M&A – 2012 Report Part I: Recent Developments

Published: November, 2012

The study examines recent trends in FDI and capital movements. Overall, the recovery in world-wide FDI witnessed in 2010 continued in 2011, after the sharp decline in the period 2007-09. In 2011, the level of worldwide inward FDI reached €1.1 trillion, increasing by 10.9% from its level in 2010. However, the 2011 level is still […]