Similar Search Results

Political economics of external sovereign defaults

Achury, Carolina; Koulovatianos, Christos; Tsoukalas, John - 2015

We develop a dynamic recursive model where political and economic decisions interact, to study how excessive debt-GDP ratios affect political sustainability of prudent fiscal policies. Rent seeking groups make political decisions - to cooperate (or not) - on the allocation of fiscal budgets...

Persistent link: https://www.econbiz.de/10011302496

Sovereign contagion in Europe : evidence from the CDS market

Manasse, Paolo; Zavalloni, Luca - 2013

This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent a country's vulnerability to contagion depends on "fundamentals" as opposed the government's "credibility"? We look at the empirical evidence on European sovereigns CDS spreads...

Persistent link: https://www.econbiz.de/10011731038

Gambling traps

Ari, Anil - 2018

I propose a dynamic general equilibrium model in which strategic interactions between banks and depositors may lead to endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form expectations about bank risk-taking and demand a...

Persistent link: https://www.econbiz.de/10011959253

Sovereign risk and bank risk-taking

Ari, Anil - 2018

Persistent link: https://www.econbiz.de/10011978544

Banking, Currency, Stock Market and Debt Crises : Revisiting Reinhart & Rogoff Debt Analysis in Spain, 1850-1995

Maixé-Altés, J. Carles - 2015

What type of crisis is generated when debt increases? We study the Spanish debt evolution in the 19th and 20th centuries by introducing currency and stock-market crises in the Reinhart and Rogoff (2011) framework. We find their same results for the determinants of banking and debt crises but...

Persistent link: https://www.econbiz.de/10013010831

The Three Debts: A Look from the East

Gligorov, Vladimir; Landesmann, Michael - 2010

The pressures on fiscal consolidation have mounted dramatically in the wake of the Greek and then the 'contagion' crisis which followed it (across the so-called 'weakest links' Portugal, Spain, Italy, Ireland). It led to the setting-up of the 750 billion euro stabilisation package widely seen as...

Persistent link: https://www.econbiz.de/10012100211

The Three Debts: A Look from the East

Gligorov, Vladimir; Landesmann, Michael - Wiener Institut für Internationale … - 2010

Persistent link: https://www.econbiz.de/10009492708

Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens ; Beitrag für den Projektbericht: "Währungspolitische Optionen für die mittel- und osteuropäischen Beitrittskandidaten zur EU"

Sell, Friedrich L. - 1999

, Mexiko und Tschechien, um risikoreiche Konstellationen für Emerging Markets zu identifizieren. Als Modell wurde der Ansatz …, Mexico and the Czech Republic. We are interested to identify risky constellations for emerging markets. As a model, we have … crises. We have calculated the indicators for the cases of Thailand, Mexico and the Czech Republic. …

Persistent link: https://www.econbiz.de/10001405729

Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens : Beitrag für den Projektbericht: "Währungspolitische Optionen für die mittel- und osteuropäischen Beitrittskandidaten zur EU"

Sell, Friedrich L. - 1999

Persistent link: https://www.econbiz.de/10010508265

The Greek Crisis : A Gandhian Perspective

Ashta, Arvind - 2016

Greece has been witnessing higher death rates, suicides, increased prostitution, emigration and the splitting up of families, rationing of bank withdrawals and capital controls in the last few years. This paper studies the Greek crisis as evidenced by its balance of payments over the last 18...

Persistent link: https://www.econbiz.de/10013003829