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- Video - Paul Volcker talks about the economic crisis." By Vanderbilt University. Paul A. Volcker, senior economic advisor to …
Persistent link: https://www.econbiz.de/10009431143
Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …
Persistent link: https://www.econbiz.de/10009475709
impulsor clave de la crisis de deuda europea y ha motivado una serie de propuestas políticas. Revisamos este «bucle de … el contrario, permitir que los bancos compren deuda soberana adicional en tiempos de crisis soberana puede evitar el … insolvency has been identified as a key driver of the European debt crisis and has motivated an array of policy proposals. We …
Persistent link: https://www.econbiz.de/10014507011
crisis financiera. Al decidir sobre el reembolso de su deuda, el gobierno compara estos costes con la ventaja de no … crisis. When deciding upon repayment, the government trades off these costs against the advantage of not repaying …
Persistent link: https://www.econbiz.de/10012532171
There are three reasons for attempting to reach a common understanding of the responsibilities of sovereign borrowers and their lenders. First, the flow of capital to sovereign debtors is exceptionally important to the world economy. Industrialized countries rely on it to finance their budget...
Persistent link: https://www.econbiz.de/10009471550
Es ist noch immer nicht endgültig geklärt, wie fiskalische Dezentralisierung die Höhe und Struktur der öffentlichen Ausgaben beeinflusst. Diese Dissertation analysiert daher zwei zusammenhängende Fragen. Erstens werden die Auswirkungen der fiskalischen Dezentralisierung auf die...
Persistent link: https://www.econbiz.de/10009476259
Default on sovereign debt is a form of political risk. Issuers and creditors have responded to this risk both by strengthening the terms in sovereign debt contracts that enable creditors to enforce their debts judicially and by creating terms that enable sovereigns to restructure their debts....
Persistent link: https://www.econbiz.de/10009471592
Greece, Ireland, Portugal and Spain can be defined as Eurozone periphery countries due to their specifics being rooted … the recent world financial and economic crisis. This visualisation approach using classical correspondence analysis helps …
Persistent link: https://www.econbiz.de/10011315802
In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...
Persistent link: https://www.econbiz.de/10009440740
In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...
Persistent link: https://www.econbiz.de/10009477391