Showing 1 - 10 of 118
, economies of scale, and have been heavily protected from international competition in Portugal and Spain. The `costs of non …
Persistent link: https://www.econbiz.de/10005281309
institutional and macroeconomic features as the ultimate explanations of Spain's post-war growth performance. The following main … relative stagnation of the transition from Franco's dictatorship to democracy (1975-85), which ended with Spain's membership of …
Persistent link: https://www.econbiz.de/10005666440
competition in the export market and the choice of financing terms. Our dataset covers the universe of Turkey's exports …-financed exports, in the post-MFA period in products where Turkish competitors initially faced binding quotas. As Turkey was not bound …
Persistent link: https://www.econbiz.de/10011084600
Motivated the European debt crisis, we construct a tractable theory of sovereign debt and structural reforms under limited commitment. The government of a sovereign country which has fallen into a recession of an uncertain duration issues one-period debt and can renege on its obligations by...
Persistent link: https://www.econbiz.de/10011276380
the privatization of Greece’s public banks. We focus on two challenges for policy makers: the need to strengthen …
Persistent link: https://www.econbiz.de/10005791852
This paper investigates the relation between the rise in external debt and fiscal developments in Greece. We use an … reduction in (non-interest) government expenditure. They also suggest that in the case of Greece there is no further scope for a …
Persistent link: https://www.econbiz.de/10005791963
development in Greece, whereby increases in public expenditure, transfers and investment have maintained GDP, but with an …
Persistent link: https://www.econbiz.de/10005792035
The paper discusses the process of financial liberalization in Greece and the impact it is likely to have on the … conduct of monetary policy. To examine the effectiveness of exchange rate controls in Greece during periods of intense …
Persistent link: https://www.econbiz.de/10005792100
terms of trade. We take this evidence to suggest that the propagation mechanism for business cycles in Greece is fairly …
Persistent link: https://www.econbiz.de/10005498026
postwar period, and is used to assess the macroeconomic experience and policy options in Greece. …
Persistent link: https://www.econbiz.de/10005504264