Despite their similar economic transitions and shared EU membership, Bulgaria and Romania take strikingly different approaches to unemployment benefits. While Bulgaria provides 77% of the last income after a year of unemployment, Romania offers only 38%.

Why does Bulgaria provide a more generous safety net despite facing similar trade pressures? Is it a matter of political priorities, labor market policies, or institutional differences? This podcast explores the underlying factors that shape social policy choices, questioning whether economic theory alone can explain these divergences in welfare systems.

Authors: Marina Vasilenko, Sahar Bazrafshan, Tim Maximilian Straßer

Language: English

<iframe allow="autoplay; fullscreen" width="640" height="360" src="https://planetestream.wu.ac.at/Embed.aspx?id=15019&amp;code=c9~u98zqgvPKHTSdlaAWaEXyqAtrZ" frameborder="0" allowfullscreen></iframe>

Germany and France, both key players in the European Union, have taken opposing stances on the idea of a common EU deposit insurance scheme. While France supports  it as a step toward financial integration and stability, Germany remains firmly opposed.

What drives this divide? Is it concerns over financial risk-sharing, differences in banking systems, or deeper political and economic considerations? This podcast unpacks the motivations behind each country’s position and explores what’s at stake for the future of European banking unity.

Authors: Katharina Katzgraber, Konrad Piotrowski, Roman Shpak, Simon Weber

Language: English

<iframe allow="autoplay; fullscreen" width="640" height="360" src="https://planetestream.wu.ac.at/Embed.aspx?id=15018&amp;code=c8~TxKaGhktmJ9hGGB4PIljMoMcID" frameborder="0" allowfullscreen></iframe>

When the results of the 2016 Brexit referendum were announced, stock markets across Europe reacted sharply—but not uniformly. While Sweden’s stock market dropped in response to the news, Finland’s market saw a surprising uptick.

What explains these opposing reactions? Was it differences in economic ties to the UK, investor sentiment, or broader market expectations? This podcast unpacks the factors that shaped Finland’s and Sweden’s market responses, offering insights into how geopolitical shocks ripple through financial systems in unexpected ways.

Authors: Kristin Kleinhappl, Emanuel Paul Hafner, Sebastian Sinz

Language: English

<iframe allow="autoplay; fullscreen" width="640" height="360" src="https://planetestream.wu.ac.at/Embed.aspx?id=15017&amp;code=cg~bSbrkyWgTk8RkyBMP8iGGJ87hU" frameborder="0" allowfullscreen></iframe>

In the wake of the Tequila Crisis of 1994-1995, Argentina and Mexico faced similar financial turmoil but adopted starkly different policy responses. Mexico intervened aggressively, implementing a large-scale bank bailout that included blanket guarantees, recapitalization efforts, and loan restructuring programs. In contrast, Argentina took a more classical Bagehot approach, allowing weaker banks to fail while focusing on liquidity support rather than direct bailouts. What explains these divergent strategies?

Authors: Justine Kaya Gohl Hodson, Stephanie Anabel Alge, Virginia Voster, Nicolas Wengler

Language: English

<iframe allow="autoplay; fullscreen" width="640" height="360" src="https://planetestream.wu.ac.at/Embed.aspx?id=15016&amp;code=bQ~8FKNMvEnDUh29P8XK873knxB7Y" frameborder="0" allowfullscreen></iframe>

Germany and France experienced relatively stable economic conditions following the global financial crisis, yet their electoral outcomes diverged sharply. In Germany, Chancellor Angela Merkel’s steady leadership and economic competence secured her re-election in 2013. Voters rewarded her handling of the crisis, aligning with the Theory of Economic Voting, which suggests that strong economic performance benefits the incumbent.

In France, however, despite President Nicolas Sarkozy’s relatively solid economic record, he was voted out in 2012, replaced by François Hollande. This outcome challenges the conventional wisdom that voters primarily base their decisions on economic conditions. Why did Merkel’s economic stewardship resonate with German voters, while Sarkozy’s did not in France?

Authors: Micah Fertig; Marton Farkas, Sandy Girgis, Emilia Lorenz, Vian Stimpfl

Language: English

<iframe allow="autoplay; fullscreen" width="640" height="360" src="https://planetestream.wu.ac.at/Embed.aspx?id=15015&amp;code=c8~TxKaGgkBmG9gGDB6PJlhMkMeIE" frameborder="0" allowfullscreen></iframe>

The Central Bank of Chile is often regarded as one of the most independent central banks in Latin America, maintaining a strong focus on inflation stability. In contrast, the Central Bank of Argentina has experienced more direct government involvement in monetary policy.

What factors explain this difference in central bank independence? Is it the result of institutional design, historical developments, or economic conditions? This podcast examines the key influences that have shaped the roles of these central banks and their impact on economic policy.

Authors: Jovana Babić; Simon David Herbst, Maida Muratovic, Florian Sifel, Xiaoyan Wu

Language: English

<iframe allow="autoplay; fullscreen" width="640" height="360" src="https://planetestream.wu.ac.at/Embed.aspx?id=15014&amp;code=c7~rKuyWh9ePTg2iMasJ6SR9e6D7Y" frameborder="0" allowfullscreen></iframe>