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Germany and the euroland crisis : the making of a vulnerable haven

Bibow, Jörg - 2013

This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

Persistent link: https://www.econbiz.de/10009757118

The Euroland crisis and Germany's euro trilemma

Bibow, Jörg - In: International review of applied economics 27 (2013) 3, pp. 360-385

Persistent link: https://www.econbiz.de/10009781098

Four decades of municipal bailouts in Germany

Person, Christian; Geißler, René - In: Local public finance : an international comparative …, (pp. 227-245). 2021

a phenomenon in Germany for decades. As an institutional response, most German states implemented bailouts to restore … local public finances. This chapter gives a brief description of the history of municipal bailouts in Germany. We begin with … the first small bailout programme in North Rhine-Westphalia during the 1980s. In the aftermath of the global financial …

Persistent link: https://www.econbiz.de/10012586976

Sovereign – Bank Risk Interconnections During the Greek Financial Crisis and the Role of the Italian Debt

Cifarelli, Giulio - 2018

The Greek crisis has brought to light the strong nexus between the credit risks of European banks and their sovereign. We study this phenomenon in Germany, France, Italy and Spain by estimating the conditional correlations between sovereign and bank CDS bond spreads over the period 2006-2015. A...

Persistent link: https://www.econbiz.de/10012930254

The financial crisis, austerity policy and Greece

Eißel, Dieter - In: Comparative economic research : Central and Eastern Europe 18 (2015) 4, pp. 5-26

Persistent link: https://www.econbiz.de/10011459031

The financial crisis, austerity policy and Greece

Eißel, Dieter - In: Comparative economic research : Central and Eastern Europe 18 (2015) 4, pp. 5-26

bubble in USA. Owing to public bailouts, this finance capital did not lose so much after the bubble bursts. However, the … bailouts created serious problems for state budgets, which were already poor as a consequence of the tax race to the bottom …

Persistent link: https://www.econbiz.de/10011867969

Crisis and Credit Allocation : The Effect of Ideology on Monetary Policy during the Great Depression and the Great Recession

Caton, James Lee - 2021

Both during the Great Depression and the Great Recession, monetary policy deviated from its normal course whereby the central bank would aim to provide credit to solvent institutions while allowing insolvent institutions to fail. In both cases, monetary policy was shaped by ideology that...

Persistent link: https://www.econbiz.de/10013228137

Financial crises and recession in the global economy

Allen, Roy E. - 2023 - Fifth edition

"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money...

Persistent link: https://www.econbiz.de/10014437075

Financial and real sector returns, IMF-related news, and the Asian crisis

Kutan, Ali Mustafa; Muradoğlu, Gülnur - In: Finance research letters 16 (2016), pp. 28-37

Persistent link: https://www.econbiz.de/10011655066

Fiscal policy, banks and the financial crisis

Kollmann, Robert; Ratto, Marco; Röger, Werner; Veld, … - 2012

This paper studies the effectiveness of Euro Area (EA) fiscal policy, during the recent financial crisis, using an estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks - that dimension has so far received little attention in...

Persistent link: https://www.econbiz.de/10011590516