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The European Crisis in the Context of the History of Previous Financial Crises
Bordo, Michael D. - 2013
There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...
Persistent link: https://www.econbiz.de/10013080834
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The European Crisis in the Context of the History of Previous Financial Crises
Bordo, Michael D. - 2013
There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...
Persistent link: https://www.econbiz.de/10012459549
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Self-fulfilling crises in the Eurozone and the institutional preconditions of republican sovereignty
Merlo, Stefano - In: Review of social economy : the journal for the … 81 (2023) 1, pp. 130-153
Persistent link: https://www.econbiz.de/10014231597
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Economic volatility and institutional reforms in macroeconomic policymaking : the case of fiscal policy
Geršl, Adam; Zápal, Jan - 2010
We evaluate proposals for independent fiscal authority put forward as a solution to excessive public spending. Our main conclusion is that moving the responsibility to set broad measures of fiscal policy from the hands of government to an independent fiscal council is not necessarily welfare...
Persistent link: https://www.econbiz.de/10008655556
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Assessing banking and currency crisis risk in small states : an application to the Eastern Caribbean Currency Union
Pizzinelli, Carlo; Khan, Tariq; Ishi, Kotaro - 2021
To complement the early warning signals literature, we study the determinants of banking and currency crises for small states and currency boards. Building on the crisis dataset by Laeven and Valencia (2020), we estimate a binominal logit model to identify the determinants of crises, and as a...
Persistent link: https://www.econbiz.de/10012795145
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Country size and exposure to international economic shocks : new evidence from the financial crisis
Brunhart, Andreas - 2022
Persistent link: https://www.econbiz.de/10013554954
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Financial crises and bank funding : recent experience in the euro area
Rixtel, Adrian A. R. J. M. van; Gasperini, Gabriele - 2013
This paper provides an overview of bank funding trends in the euro area following the 2007-09 global financial crisis and the euro area crisis. It shows that funding has become segmented along national borders and that secured instruments are much more prevalent than previously. Rising debt...
Persistent link: https://www.econbiz.de/10009735487
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"Countries don't go bankrupt" : sovereign debt crises and perceptions of sovereignty in an era of globalisation
Obermeier, Katharina - 2016
This paper seeks to contribute to the debate on the impact of globalisation on sovereignty by analysing how sovereign … debt crises affect perceptions of sovereignty in the countries where they occur. I argue that sovereign debt crises are … perceived as threats to sovereignty by citizens and politicians due to the debtor government's inability to simultaneously meet …
Persistent link: https://www.econbiz.de/10011548107
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Global Systemic Risk and International Regulatory Coordination : Squaring Sovereignty and Financial Stability
Lupo-Pasini, Federico - 2018
In recent years much attention has been given to systemic risk and maintaining financial stability. Much of the focus, rightly, has been on market failures and the role of regulation in addressing them. This article looks at the role of domestic policies and government actions as sources of...
Persistent link: https://www.econbiz.de/10012934852
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Energy Sovereignty or Regulatory Competition? North East Asian Renewable Energy Regulation in the Post Global Financial Crisis Era
Crossley, Penelope - 2015
article will argue that a schism has emerged between the regulation of renewable energy in Europe and North East Asia. While … with nations adopting a policy of energy sovereignty. Unlike the outward looking engagement within the sector in the … concerns around energy security and energy sovereignty, with significant flow on effects on the regulation of renewable energy …
Persistent link: https://www.econbiz.de/10014150728