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  • Book cover of Mulheres, Raça e Etnicidades

    Este livro apresenta-se como um manual introdutório aos Feminismos Pós-coloniais e Decoloniais e às temáticas relacionadas com os feminismos de mulheres racializadas e os feminismos do Sul global. Baseia-se na experiência acumulada na lecionação da disciplina “Mulheres, Raça e Etnicidades” do Doutoramento em Estudos Feministas da Faculdade de Letras da Universidade de Coimbra/Centro de Estudos Sociais. Estruturado em torno de referências bibliográficas fundamentais, que são interpretadas e explicadas, o volume oferece uma introdução aos debates mais atuais no âmbito dos feminismos negros nos Estados Unidos da América, na Europa e no Brasil, bem como dos feminismos africanos, asiáticos e da América Latina, e ainda dos feminismos islâmicos.

  • Book cover of O Regime da Patent Box

    Esta obra aborda o regime da Patent Box, que se traduz num incentivo fiscal à exploração dos rendimentos de atividades de inovação e I&D, analisando em detalhe a evolução de diferentes regimes com vista à ampla compreensão do alcance dos regimes atuais, das suas potencialidades e das suas fragilidades. A abordagem é devidamente enquadrada no âmbito da ação do Projeto BEPS, permitindo antever o alcance das medidas tomadas. A obra prossegue com uma aprofundada e detalhada análise ao regime nacional, procedendo à sua interpretação e exemplificando a sua aplicação. São incluídas sugestões de procedimentos de controlo úteis às empresas, no sentido de minimizar o risco fiscal associado a regimes fiscais complexos como o em apreço. A análise termina com propostas de melhoria do regime português, potenciando a sua aplicação a PMEs nacionais que se caraterizem por períodos longos de investigação.

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    This paper clarifies the main features of the European Central Bank's revised inflation target in light of international practices, discusses the role of financial stability in the medium-term orientation of monetary policy decisions, and quantifies the possible impacts of the inclusion of the costs related to owner-occupied housing on the inflation indicator which is subject to the inflation target. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 15 November 2021.

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     · 2023

    This briefing offers a short overview of EU's trade and investment relations before the start of the full-scale Russian invasion, highlighting the asymmetries in these relations, the shifting trade patterns of Ukraine and Russia, the economic structure of the two countries, and the EU's dependencies on Russia. This is followed by an overview of existing bilateral investment and trade agreements between the EU and the conflict parties and the process of Ukraine's approximation and accession to the EU.

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    The process by which central banks take decisions has evolved over the years, with a tendency towards independence and decisions taken by committees rather than individuals. Monetary policy committees can be set up formally in different ways, traditionally falling into one of two categories: individualistic or collegial. Individualistic committees reach decisions by voting and publish the votes of each of their members, while in collegial committees, decisions are typically reached collectively. The European Central Bank is an example of the latter, while the Bank of England follows an individualistic approach. Focusing on decision-making, a relevant question is whether the formal set-up in practice leads to different ways of deliberating and reaching monetary policy decisions. We look at decisions taken by the Bank of England, the Federal Reserve and the European Central Bank over more than 20 years to evaluate how different the decision-making process is in these three central banks. The results indicate that, irrespective of the committee type, their approach to consensus building when they take decisions is similar. The three central banks seem to value reaching decisions by unanimity, both on interest rates - the prime monetary policy instrument by definition - and on asset purchases. Decisions to tighten monetary policy are more often taken unanimously than decisions to ease monetary policy. When maintaining policy unchanged, decisions are usually backed by most committee members.

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    This briefing paper investigates the practice of close cooperation and examines the banking system performance in Bulgaria and Croatia. The factors that could pose risks to Bulgarian and Croatian banks are identified.

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    The emergence of cryptocurrencies/crypto assets has allowed the provision of a new form of financial services, including payments and loans, known as decentralised finance (DeFi). Crypto assets currently represent only about 1 percent of total global financial assets and it is unlikely, in its current form, that DeFi will become a substitute for the traditional financial system, for three reasons. First, while decentralisation is very innovative, in practice the technology required to replace the role of intermediary is slow and costly in terms of energy use. This has led some crypto networks to adopt more centralised solutions to the problem of verification. Second, the automaticity behind the transactions does not allow for any legal recourse. If something goes wrong, there is no way to stop or reverse a transaction once it has been initiated. It is very difficult to imagine DeFi scaling up without the ability to challenge outcomes. Third, and perhaps most importantly, DeFi is for the most part self-referential. Crypto assets are exchanged for other crypto assets without being employed in activities that stimulate economic growth by creating jobs or facilitating investment. It is not likely for DeFi to grow enough to replace traditional finance unless it helps growth. Nevertheless, the technology that enables DeFi and crypto assets, distributed ledger technology (DLT), is very innovative and has managed to remove the intermediary without compromising the safety and finality of financial transactions. Hence, it is likely that the technology behind crypto assets and DeFi will feed into the mainstream and offer efficiency gains.