Showing 1 - 10 of 353
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10012466388
and borrowers ample reason to care whether nonperforming debts are restructured. One implication of the way in which debt … argument is moral hazard, but (unlike in much of the recent literature of emerging market debt problems) what is central here …
Persistent link: https://www.econbiz.de/10012471039
In this paper we analyze the recent efforts of the international financial institutions to limit the moral hazard created by their assistance to crisis countries. We question the wisdom of the case-by-case approach taken in Pakistan, Ecuador, Romania and Ukraine. We show that because default and...
Persistent link: https://www.econbiz.de/10012471114
on three case studies: Denmark, Ireland and Italy …
Persistent link: https://www.econbiz.de/10012473108
detailed case studies, two - Denmark and Ireland - undertaken under fixed exchange rates (the most relevant case for many …All four episodes were associated with an expansion; but only in Denmark the driver of growth was internal demand … driver of growth was exports. In Ireland this occurred because the sterling coincidentally appreciated. In Finland and Sweden …
Persistent link: https://www.econbiz.de/10012461087
" (OOFCs) within the Euro Area. The OOFCs of Luxembourg, Ireland, and the Netherlands serve dual roles as both hubs of …
Persistent link: https://www.econbiz.de/10014512129
The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...
Persistent link: https://www.econbiz.de/10012458258
Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods. In this paper we first set out theories of...
Persistent link: https://www.econbiz.de/10012475091
peripheral countries during the debt crisis and explain them. Our estimates based on a panel smooth threshold regression model …
Persistent link: https://www.econbiz.de/10012458679
process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …
Persistent link: https://www.econbiz.de/10012459762