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(Argentina, Brazil, Chile, Paraguay and Uruguay) during four episodes of international crises: 1994, 1997-1999, 2001 and 2008. In …
Persistent link: https://www.econbiz.de/10011303276
The Italian Great Recession has a double-dip pattern. After the start of the global financial crisis, Italy experienced a second serious recession in 2011 because of the sovereign debt crisis. The reaction of Italian governments was mild at the beginning and more convinced since the start of the...
Persistent link: https://www.econbiz.de/10011284961
The Brazilian economy in 2015 was afflicted by a lethal combination of decelerating activity and accelerating inflation. Expectations for 2016 are equally or even more adverse, since the effects of rising unemployment emerge only after a lag. The domestic debate has pitted analysts who believe...
Persistent link: https://www.econbiz.de/10011438517
In this chapter, we review the monetary and fiscal history of Argentina for the period 1960–2017, a time during which … from its currency. We argue that all these events are the symptom of a recurrent problem: Argentina's unsuccessful attempts … to tame the fiscal deficit. An implication of our analysis is that the future economic evolution of Argentina depends …
Persistent link: https://www.econbiz.de/10012891419
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capitalist economies (ECEs) - Argentina, Brazil, China, India, Mexico, Russia, South Africa, and Turkey - during the periods 2000 …
Persistent link: https://www.econbiz.de/10012489423
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The paper is devoted to an analysis of the Treaty on Stability Coordination and Governance (TSCG), also known as the "Fiscal Compact" Treaty signed between the EU member states in 2012. We argue than the TSCG, instead of helping to "repair" the institutional failures on which the Euro and the...
Persistent link: https://www.econbiz.de/10010459672
This paper discusses why Greece has done so poorly in comparison with all other European Union countries since the onslaught of the global financial crisis in 2008. To show what was wrong with its fiscal adjustment, this paper compares Greece with the other European Union country that was hit be...
Persistent link: https://www.econbiz.de/10010530650