Cyprus Economic Society

To inform public debate and to facilitate discussion of public policy issues and EU affairs

Next Forthcoming Event

Most Recent Past Event

Discussion Forum – A Physical Event
Friday 21 March 2025
18:00-19:30
Venue: Stelios Philanthropic Foundation Head Quarters, 5 Markou Drakou Street, Nicosia
Developments and risks in crypto-asset markets
Speaker: Constantinos Stephanou – Head of Financial Stability Analysis, Financial Stability Board
Moderator: Sofronis Clerides – Professor of Economics, Dean of the Faculty of Economics and Management University of Cyprus
Abstract: Crypto-asset market prices reached a historic peak in early 2025, though they have dropped since then and continue to be very volatile. New use cases are emerging, especially for stablecoins, and there is greater interest in this market among investors, leading to growing linkages with the economy and financial system. Drawing on the work carried out at the Financial Stability Board (FSB) and reported to the G20, the lecture will focus on recent crypto-asset market developments and their implications, the main financial stability concerns at the present juncture, and efforts to regulate crypto-assets at the global level.

Event Material
Presentation: Constantinos Stephanou

Most Recent Publications

Blog

Keynesian Militarism or Wishful Thinking?

George M. Georgiou*   “By spending more on defence, we will deliver the stability that underpins economic growth, and will unlock prosperity through new jobs, skills and opportunity across the country”, Keir Starmer, press release, 25 February 2025 Introduction Europe’s commitment to rearm as a response to the perceived threat...

Κευνσιανός μιλιταρισμός ή ευσεβής πόθος;

Γιώργος Μ. Γεωργίου*   “Δαπανώντας περισσότερα για την άμυνα, θα εξασφαλίσουμε τη σταθερότητα που διέπει την οικονομική ανάπτυξη και θα ξεκλειδώσουμε την οικονομική ευημερία μέσω νέων θέσεων εργασίας, δεξιοτήτων και ευκαιριών σε ολόκληρη τη χώρα“, Κίερ Στάρμερ, δελτίο τύπου, 25 Φεβρουαρίου 2025. Εισαγωγή Η δέσμευση της Ευρώπης να επανεξοπλιστεί ως...

Public payroll and productivity

Andreas Charalambous and Omiros Pissarides*   The ongoing discussion concerning the abolition of the Cyprus economic adjustment programme-led law for the freezing of first-time appointments in the public sector, including local authorities, is crucial, taking into account the size of the public payroll and its broader impacts on productivity. In...