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The euro area crisis was characterised by a negative feedback loop between banks and sovereigns. The paper aims to … far at the euro area level to reduce the feedback loop and the existing challenges in this area. The following hypothesis … has been formulated: in the post-crisis conditions the euro area remains vulnerable to the sovereign-bank nexus, which in …
Persistent link: https://www.econbiz.de/10012417814
This paper focuses on the critical differences, but also some commonalities, between the EU and three countries in Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan ‒ in responding to financial crises. The EU's response is naturally multilateral, but the...
Persistent link: https://www.econbiz.de/10012219782
euro area econo-mies (Austria, Finland, Germany, Italy, Netherlands and Spain) during time span 2010 Q3 to 2018 Q4 …
Persistent link: https://www.econbiz.de/10012651338
Persistent link: https://www.econbiz.de/10013348286
Fragility that periodically erupts into a full-blown financial crisis appears to be an integral feature of market-based financial systems in spite of the emergence of sophisticated risk management tools and regulatory systems. If anything, the increased frequency of modern crises underscores how...
Persistent link: https://www.econbiz.de/10012232895
Economic theory has recently begun to consider the economic impact of narratives. Narrative economics can also be extended to the analysis of the economic-political effect of narratives in the context of the European core-periphery divide, which intensified after the European sovereign-debt...
Persistent link: https://www.econbiz.de/10014433720
This paper presents a preliminary comparison of the Eurosystem response to the Global Financial Crisis and Eurozone … balance sheets to show the effect of ECB decisions to consrain or enable liquidity provision across the Eurozone, particularly … potential for monetary authorities to structurally influence liquidity preference and provision. As Eurozone governments debate …
Persistent link: https://www.econbiz.de/10014230902
Persistent link: https://www.econbiz.de/10012216785
Persistent link: https://www.econbiz.de/10012590840