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The Euro crisis : where to from here?
Frankel, Jeffrey A. - 2015
Persistent link: https://www.econbiz.de/10011290036
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Germany and the euroland crisis : the making of a vulnerable haven
Bibow, Jörg - 2013
depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …
Persistent link: https://www.econbiz.de/10009757118
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Do collective action clauses influence bond yields? : New evidence from emerging markets
Gugiatti, Mark (contributor); Richards, Anthony (contributor) - 2003
Persistent link: https://www.econbiz.de/10001774050
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Do collective action clauses influence bond yields? : New evidence from emerging markets
Gugiatti, Mark; Richards, Anthony J. - 2003
Persistent link: https://www.econbiz.de/10001742578
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The impact of fixed exchange rates on fiscal discipline
Shagi, Makram el- - 2009
estimation techniques for dynamic panel data, in particular a GMM estimation in the tradition of Arellano and Bover (1995), and …
Persistent link: https://www.econbiz.de/10003850734
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Does austerity pay off?
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2015
We ask whether cuts of government consumption lower or raise the sovereign default premium. To address this question, we set up a new data set for 38 emerging and advanced economies which contains quarterly time-series observations for sovereign default premia, government consumption, and...
Persistent link: https://www.econbiz.de/10012061613
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The rewards of fiscal consolidation : sovereign spreads and confidence effects
David, Antonio C.; Guajardo, Jaime; Yépez, Juan F. - 2019
This paper investigates the effects of fiscal consolidation announcements on sovereign spreads in a panel of 21 emerging market economies during 2000-18. We construct a novel dataset using a global news database to identify the precise announcement date of fiscal consolidation actions. Our...
Persistent link: https://www.econbiz.de/10012102084
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Does austerity pay off?
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2015
Persistent link: https://www.econbiz.de/10010495496
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Does austerity pay off?
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2014
Policy makers often implement austerity measures when the sustainability of public finances is in doubt and, hence, sovereign yield spreads are high. Is austerity successful in bringing about a reduction in yield spreads? We employ a new panel data set which contains sovereign yield spreads for...
Persistent link: https://www.econbiz.de/10010463604
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Balance sheets and debt crises : empirical regularities for modern cases of sovereign distress
Huertas Laverde, Gonzalo; Meyer Cirkel, Alexis - 2021
Public and private sector balance sheets are an important component to any analysis of debt sustainability. A vulnerable and indebted private sector can become a sudden liability for the government; alternatively, resilient household and bank balance sheets may reveal potential sources of...
Persistent link: https://www.econbiz.de/10012613508