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Public opinion and the crisis: the dynamics of support for the euro

Hobolt, Sara B.; Wratil, Christopher - London School of Economics (LSE) - 2015

and the subsequent euro area crisis have amplified both the salience and the redistributive consequences of decisions …. Interestingly, our results show that support for the euro has remained high within the euro area; however, attitudes are … seen to deepen divisions within Europe, our findings suggest that it has also encouraged citizens in the euro area to form …

Persistent link: https://www.econbiz.de/10011265670

Institutions, resources and entry strategies in emerging economies

Meyer, Klaus E.; Estrin, Saul; Bhaumik, Sumon Kumar; … - London School of Economics (LSE) - 2009

We investigate the impact of market-supporting institutions on business strategies by analyzing the entry strategies of foreign investors entering emerging economies. We apply and advance the institution-based view of strategy by integrating it with resource-based considerations. In particular,...

Persistent link: https://www.econbiz.de/10011071141

The European Securities and Markets Authority and institutional design for the EU financial market – a tale of two competences: Part (2) rules in action

Moloney, Niamh - London School of Economics (LSE) - 2011

The purpose of this article, and of its earlier companion article (Part (1) Rule-making, 12 European Business Organization Law Review (2011) p. 41), is to examine the implications of the new European Securities and Markets Authority which was established in January 2011. In the wake of the...

Persistent link: https://www.econbiz.de/10010745044

Survive another day: does uncertain financing affect the composition of investment?

Garicano, Luis; Steinwender, Claudia - London School of Economics (LSE) - 2013

We expect firms that face uncertainty about their access to the financial markets to prioritize shorter term investments over longer term ones. Using a high quality panel data set, and a difference-in-differences approach to control for demand effects, we study whether this has been indeed the...

Persistent link: https://www.econbiz.de/10010746023

Anatomy of a market crash: a market microstructure analysis of the Turkish overnight liquidity crisis

Danielsson, Jon; Saltoglu, Burak - London School of Economics (LSE) - 2003

An order flow model, where the coded identity of the counterparties of every trade is known, hence providing institution level order flow, is applied to both stable and crisis periods in a large and liquid overnight repo market in an emerging market economy. Institution level order flow is much...

Persistent link: https://www.econbiz.de/10010746370

Do financial crises erode potential output? evidence from OECD inflation responses

Bijapur, Mohan - London School of Economics (LSE) - 2012

This paper presents evidence from a panel investigation of OECD countries that inflationary pressures tend to be stronger during recovery from financial crises compared to recovery from non-crisis economic downturns, indicating impairment in productive potential.

Persistent link: https://www.econbiz.de/10011126125

Are credit crunches supply or demand shocks?

Bijapur, Mohan - London School of Economics (LSE) - 2013

This paper provides new insights into the relationship between the supply of credit and the macroeconomy. We present evidence that credit shocks constitute shocks to aggregate supply in that they have a permanent effect on output and cause inflation to rise in the short term. Our results also...

Persistent link: https://www.econbiz.de/10011126591

Political credit cycles: the case of the Euro zone

Fernández-Villaverde, Jesús; Garicano, Luis; Santos, … - London School of Economics (LSE) - 2013

We study the mechanisms through which the adoption of the Euro delayed, rather than advanced, economic reforms in the … Euro zone periphery and led to the deterioration of important institutions in these countries. We show that the abandonment … process after the creation of the Euro. …

Persistent link: https://www.econbiz.de/10011126656

Fiscal consolidation during a depression

Bagaria, Nitika; Holland, Dawn; Van Reenen, John - London School of Economics (LSE) - 2012

In 2009-10, the UK's budget deficit was about 11 per cent of GDP. A credible plan for fiscal consolidation was introduced in the UK over the fiscal years 2011-12 to 2016-17. In this paper, we assess the impact of the scale and timing of this fiscal consolidation programme on output and...

Persistent link: https://www.econbiz.de/10011071507

Can firms grow without credit?: evidence from the Euro Area, 2005-2011: a quantile panel analysis

Dimelis, Sophia; Giotopoulos, Ioannis; Louri, Helen - London School of Economics (LSE) - 2015

sample of 2075 euro area firms in 2005-2011. The post-2008 credit crunch is found to seriously affect only small, slow …

Persistent link: https://www.econbiz.de/10011198539