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Recent developments in European bank competition
Sun, Yu - 2011
Persistent link: https://www.econbiz.de/10009424798
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Recent Developments in European Bank Competition
Sun, Yu - 2011
This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …
Persistent link: https://www.econbiz.de/10014399229
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Real unit labor costs differentials in EMU : how big, how benign and how reversible?
Lebrun, Igor; Pérez Ruiz, Esther - 2011
Persistent link: https://www.econbiz.de/10009425645
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Determinants of inflation in the euro area : the role of labor and product market institutions
Jaumotte, Florence; Morsy, Hanan - 2012
Persistent link: https://www.econbiz.de/10009488210
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Government debt issuance in the euro area : the impact of the financial crisis
DeBroeck, Mark; Guscina, Anastasia - 2011
Persistent link: https://www.econbiz.de/10009488615
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External imbalances in the euro area
Chen, Ruo; Milesi-Ferretti, Gian Maria; Tressel, Thierry - 2012
Persistent link: https://www.econbiz.de/10009659868
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Government bonds and their investors : what are the facts and do they matter?
Andritzky, Jochen R. - 2012
This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad have increased their presence in government bond markets. The financial crisis broke this trend....
Persistent link: https://www.econbiz.de/10009618531
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Strengthening the WAEMU regional fiscal framework
David, Antonio C.; Nguyen-Duong, Alexandre; Selim, Hoda - 2022
This paper assesses the adequacy and effectiveness of the WAEMU fiscal framework along three pillars that have proven to effectively support fiscal discipline in monetary unions-common fiscal rules (including adequacy of numerical ceilings as well as elements of design and enforcement), shared...
Persistent link: https://www.econbiz.de/10013170001
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The impact of r-g on the Euro-Area government spending multiplier
Di Serio, Mario; Fragetta, Matteo; Melina, Giovanni - 2021
We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occurs when r-g is positive or negative matters for the size of the multiplier. Median estimates vary conditional on the specification, but...
Persistent link: https://www.econbiz.de/10012518304
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Numerical fiscal rules for economic unions : the role of sovereign spreads
Hatchondo, Juan Carlos; Martinez, Leonardo; Roch, Francisco - 2021
We study gains from introducing a common numerical fiscal rule in a "Union" of model economies facing sovereign default risk. We show that among economies in the Union, there is significant disagreement about the common debt limit the Union should implement: the limit preferred by some economies...
Persistent link: https://www.econbiz.de/10012605545