Similar Search Results

An Explanation of the Greek Crisis: "The Insiders - Outsiders Society"

Kollintzas, Tryphon; Papageorgiou, Dimitris; … - C.E.P.R. Discussion Papers - 2012

In this paper we present stylized facts of the Greek economy that characterize the causes and the consequences of its ongoing crisis. Then, we offer an explanation that can account for those causes and consequences. This explanation is based on the view of Greek society as consisting of two...

Persistent link: https://www.econbiz.de/10011083245

Currency Risk in Currency Unions

Kriwoluzky, Alexander; Müller, Gernot; Wolf, Martin - C.E.P.R. Discussion Papers - 2013

Sovereign yield spreads within currency unions may reflect the risk of outright default. Yet, if exit from the currency union is possible, spreads may also reflect currency risk. In this paper, we develop a New Keynesian model of a small member country of a currency union, allowing both for...

Persistent link: https://www.econbiz.de/10011084136

Corporate Governance and Bank Insolvency Risk: International Evidence

Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; … - C.E.P.R. Discussion Papers - 2014

This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as …-2008 period. Banks are special in that ‘good’ corporate governance increases bank insolvency risk relatively more for banks that … capital ratio. Furthermore, ‘good’ corporate governance is associated with more bank risk taking at times of rapid economic …

Persistent link: https://www.econbiz.de/10011084512

Fuzzy Transition and Firm Efficiency: Evidence from Bulgaria, 1991-4

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1996

This paper investigates the relationship between firm restructuring and international competition in Bulgaria during …

Persistent link: https://www.econbiz.de/10005114496

Competition Law in Post-Central Planning Bulgaria

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1997

This paper investigates the activities of the Bulgarian competition office, the Commission for the Protection of Competition, during 1991–5. Descriptive statistics are provided on the industry incidence of investigations, the types of behaviour that were investigated, and the frequency with...

Persistent link: https://www.econbiz.de/10005656340

Sovereign Debt and Structural Reforms

Müller, Andreas; Storesletten, Kjetil; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2015

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

Comparisons of Business Cycles in Greece and the EC: Idiosyncracies and Regularities

Christodoulakis, Nikos; Dimelis, Sophia; Kollintzas, Tryphon - C.E.P.R. Discussion Papers - 1993

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

Competitiveness, Wage Adjustment and Macroeconomic Policy in a Small Open Economy

Alogoskoufis, George - C.E.P.R. Discussion Papers - 1987

postwar period, and is used to assess the macroeconomic experience and policy options in Greece. …

Persistent link: https://www.econbiz.de/10005504264

Politics and investment: examining the territorial allocation of public investment in Greece

Psycharis, Yannis; Rodriguez-Pose, Andres; Tselios, Vassilis - C.E.P.R. Discussion Papers - 2015

in Greece. Using regional public investment data for 10 political periods (1975-2009), combined with electoral data by …

Persistent link: https://www.econbiz.de/10011168906

Structural Adjustment of the Greek Economy

Katseli, Louka Tarsitsa - C.E.P.R. Discussion Papers - 1990

This study analyses the likely pattern of structural adjustment of the Greek economy as economic integration proceeds, in light of the structural rigidities present in the commodity, capital and labour markets. The presence of such rigidities is attributed to `state corporatism', identified as...

Persistent link: https://www.econbiz.de/10005281280