1,380,254 research outputs found
Euro area governance: What went wrong in the euro area? How to repair it?
No full textBruegel Director Jean Pisani-Ferry focuses on the institutional response to the euro area crisis with the Van Rompuy Task Force being set up to reform economic governance. The task force is due to present its progress report shortly and the author examines two basic questions in this contextÂ? what went wrong in the euro area (and the lessons learnt from this) and consequently what are the three choices for reforming governance. He explains why implementation of existing rules need to be strengthened and why the Van Rompuy Task Force should revisit the fundamental principles on which the EMU is founded and resist the temptation to solely address divergences.
Euro area governance: What went wrong in the euro area? How to repair it? Bruegel Policy Contribution 2010/05, June 2010
No full textBruegel Director Jean Pisani-Ferry focuses on the institutional response to the euro area crisis with the Van Rompuy Task Force being set up to reform economic governance. The task force is due to present its progress report shortly and the author examines two basic questions in this context– what went wrong in the euro area (and the lessons learnt from this) and consequently what are the three choices for reforming governance. He explains why implementation of existing rules need to be strengthened and why the Van Rompuy Task Force should revisit the fundamental principles on which the EMU is founded and resist the temptation to solely address divergences
A comprehensive approach to the euro-area debt crisis. Bruegel Policy Brief 2011/02, February 2011
No full textIn this Policy Brief Zsolt Darvas, André Sapir and Jean Pisani-Ferry propose a comprehensive solution to the current European crisis based in three pillars: a method to reduce the Greek public debt, a plan to restore banking sector soundness and a strategy to foster growth and competitiveness. The paper provides novel estimates and analysis focusing on the current situation of Greece, Spain, Italy and Portugal
Financial integration and European priorities. Bruegel Third-Party Papers, November 2006
No full textPaper for the third conference of the Monetary and Stability Foundation, 'Challenges to the financial system –ageing and low Growth' Jean Pisani-Ferry discusses the fact that Europe's financial integration is significantly more advanced than the integration of products and labour markets. He advocates a more strategic approach to financial sector reforms and an explicit identification of the way in which they can help to alleviate the main constraints on growth or contribute to improving the stability of the euro area
International governance-is the G20 the right forum? Bruegel Policy Contribution 2009/05, March 2009
No full textJean Pisani-Ferry puts forward the idea that the G20 is a significantly less suitable forum for discussion of regulatory matters than of macroeconomic issues and their implications for the institutions of global governance. While it is sensible to involve developing and emerging countries in the reform of financial regulation, they are unlikely to play a leading role. On macroeconomic matters and as regards institutional reform, however, no meaningful discussion can take place without them
The Impact of Ferry Services on an Island Economy
No full textThis paper examines ferry fares and quality of service to a remote island region and analyses how this affects the economy of the islands. Taking the Western Isles in Scotland as a case study, the paper identifies the links between fares, service, and economic development and attempts to quantify this impact. A new methodology is developed to estimate the impact of service frequency. The Western Isles, especially the more remote southern islands, face particular challenges due to their peripheral location relative to markets and supplies in Scotland, the rest of the UK and the European ‘core’. This manifests itself in terms of access to skilled labour, raw materials, connections to other businesses and customers. These economies are likely to experience higher transportation costs to domestic and international markets and may also be limited by the frequency and reliability of connections. The ferry services between islands and with mainland Scotland are vital to the continued economic and social well-being of the Western Isles. The extent of the contribution of ferry services towards the economic and social prosperity of the Isles is very much dependant upon the frequency, speed and reliability of service and on the fare structure. It is therefore vital to ensure that the correct fare mechanism is in place to ensure maximum benefit to the local economy of the Isles, in addition to satisfying value for money criteria for the taxpayer and commercial viability for the operators. Our findings show that a reduction in ferry fares and, in particular in increase in service frequency, will have substantial income and employment benefits to the local economy, running into millions of pounds annually. It is also revealed that there is potential to increase the quality of service to the Isles, and reduce fares in some cases, with no increase in public subsidy towards operating costs. This is achieved by taking a more radical perspective to the routes and services operated, and by more closely matching service provision to the demands of communities within the islands.
Wick Ferry terminal, Christchurch, Bournemouth, United Kingdom circa 1900
No full textThe Wick Ferry connects the village of Wick to Christchurch across the River Stour, and locals will have crossed the river here by boat for centuries. The first recorded ferry operator was a Mr Marshall who was provided with land on the Wick side to build a ferry landing place around 1815. Later, Eli Miller started a rival service from the Christchurch bank, and his family ran the ferry until 1903. It was then sold to J.C.Edmonds, who ran it until 1946. They employed the ferryman Jack O'Brien from 1900 until the 1920s. In 1947, the ferry was motorised for the first time, by which time the ferryman was Brigham Young. A holiday camp was created at Wick, and they then ran the ferry. It first closed for the winter in 1957, although local protests forced its resumption by Bob Bishop after five weeks. His daughter Dawn later took it over from him.
In the 1960s, the ferry was taken over and run by Tuckton Riverside Services, who also ran the Funnel Boats which ran in competition with the United Motor Boats. The ferry is now operated by Bournemouth Boat Services, owners of United Motor Boats. Since 1963, the ferry has been summers only. It runs every day (weather and tide permitting) from Easter until the end of October, from 10am until 5pm
Bridge in Harper's Ferry stereograph
No full textStereograph view of a bridge at Harper's Ferry, West Virginia (once Virginia). Harper's Ferry is located at the intersection of the Potomac and Shenandoah Rivers. The most noted event in the town's long history was on October 16, 1859, when abolitionist John Brown and a small group of followers tried unsuccessfully to capture the federal arsenal. In less than two days most of Brown's followers were killed or wounded. He was caught, tried for treason and sentenced to death. Due to the town's strategic location, it was occupied by both Union and Confederate forces during the Civil War and a great deal of the town's infrastructure was damaged
Ballard-Ludlow Ferry Co. ferry schedule, 1939
No full text1939The Ballard - Ludlow Ferry Co. was one of several auto and passenger ferry and steamer lines operating on Puget Sound. A subsidiary of Kitsap County Transportation Company, the company operated ferries between Seattle's Ballard neighborhood and Port Ludlow, at the time a logging and sawmill community on the Olympic Peninsula.1 schedule; 2.25 x 3.75 in
Harper's Ferry stereograph
No full textStereograph view of Harper's Ferry, West Virginia (once Virginia), captioned "From the Chesapeake to the Ohio, B. & O. R.R. Scenery." Harper's Ferry is located at the intersection of the Potomac and Shenandoah Rivers. The most noted event in the town's long history was on October 16, 1859, when abolitionist John Brown and a small group of followers tried unsuccessfully to capture the federal arsenal. In less than two days most of Brown's followers were killed or wounded. He was caught, tried for treason and sentenced to death. Due to the town's strategic location, it was occupied by both Union and Confederate forces during the Civil War and a great deal of the town's infrastructure was damaged
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