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Further austerity and wage cuts will worsen the euro crisis

Andini, Corrado; Cabral, Ricardo - 2012

with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign …

Persistent link: https://www.econbiz.de/10009500683

Government Debt, Austerity and Strikes : A Panel Data Analysis for Europe

Georgiou, Miltiades N. - 2011

In the present paper an empirical analysis will point out that austerity measures due to high levels of government debt …

Persistent link: https://www.econbiz.de/10013118234

Bank Profitability in Times of High Government Debt and Austerity Measures : A Panel Data Analysis for Europe and the United States (2000–2007)

Georgiou, Miltiades N. - 2011

In the present paper an empirical analysis will point out that government debt as a percentage of GDP has a negative impact (among others) on banking profitability. This impact will be even worse when this debt as a percentage of GDP exceeds a certain critical level. The sample covers during the...

Persistent link: https://www.econbiz.de/10013118499

On selling sovereigns held by the ECB to the ESM : institutional and economic policy implications

Avgouleas, Emilios; Micossi, Stefano - 2021

Persistent link: https://www.econbiz.de/10012508990

The aftermath of debt surges

Kose, M. Ayhan; Ohnsorge, Franziska; Reinhart, Carmen M.; … - In: Annual review of economics 14 (2022), pp. 637-663

Persistent link: https://www.econbiz.de/10014428433

Politically acceptable debt restructuring in the euro zone : is it really better than the redemption fund?

Faia, Ester - 2014

This article discusses the recent proposal for debt restructuring in the euro zone by Pierre Paris and Charles Wyplosz. It argues that the plan cannot realize the promised debt relief without producing moral hazard. Ester Faia revisits the Redemption Fund proposed in November 2011 by the German...

Persistent link: https://www.econbiz.de/10010471782