€-coin rose in July to -0.09, offsetting the deterioration recorded in the
previous two months.

The 13th Report from Global Trade Alert shows that Latin America has not just been a victim of protectionism imposed by other parts of the world, as some policymakers and commentators assert, but that many Latin American governments have taken also numerous, occasionally creative steps to tilt the playing field in favour of domestic firms.

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Two CEPR researchers, Elias Papaioannou and Klaus Zimmermann, have won the first European Investment Bank (EIB) awards in recognition of their respective research on “Growth, employment and convergence, with applications to the European Union", which is the topic of the prize. The EIB Prize, launched this year, was created by the EIB Institute to recognise and stimulate excellence in economic and social research, its implementation and diffusion.

A June meeting of the Centre's Regulatory Reform Forum discussed the impact of low nominal interest rates on the financial sector. Giovanni Dell'Ariccia, José-Luis Peydró, and Philip Turner spoke, followed by a panel discussion chaired by Viral Acharya.

The €-coin indicator fell slightly in June for the second straight month, to -0.18% from -0.15% in May.

In the latest Policy Insight Paolo Manasse argues that Italy's inability to pull itself out of recession is largely due to the "lost decade" of missed reforms, a large competitiveness gap, and earnings growth totally decoupled from productivity. The recent crisis has merely brought to light problems Italy has ignored for too long.

The €-coin indicator fell slightly in May, from -0.10% to -0.15%, the first decrease since August 2012. Contributory factors included the weak signals regarding foreign trade and the performance of GDP in the first quarter of 2013.

An international conference on 26 and 27 May hosted by the Shanghai Forum, the Financial Research Centre (Fudan University), the Federal Reserve Bank of Dallas, CEPR and the Graduate Institute of International and Development Studies.

In April €-coin remained basically unchanged at the marginally negative level registered in March, working out at -0.10%.