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Too Small to Fail? Subnational Spending Pressures in Europe
Eyraud, Luc; Badia, Marialuz Moreno - International Monetary Fund (IMF) - 2013
performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three econometric models and ask the … evidence of spending duplication?; and (3) are soft budget constraints prevalent at the subnational level in Europe? Our …
Persistent link: https://www.econbiz.de/10010790279
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The Driving Force behind the Boom and Bust in Construction in Europe
Sun, Yan; Mitra, Pritha; Simone, Alejandro - International Monetary Fund (IMF) - 2013
economies within and outside Europe) for 1990-2011, we find that country’s geography, demographics, and economic conditions are …
Persistent link: https://www.econbiz.de/10010790411
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The 2013 PREDICT report: An Analysis of ICT R&D in the EU and beyond
Mas, Matilde; Radoselovics, Juan Fernández de Guevara - Institute for Prospective Technological Studies (IPTS), … - 2014
The 2013 PREDICT report provides an overview of the importance of the EU ICT sector and its R&D performance. The report gives detailed information on the progress made by the ICT sector comprising both ICT manufacturing and ICT service. The analysis is carried out by comparing EU Member State...
Persistent link: https://www.econbiz.de/10011168856
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Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies
Poghosyan, Tigran - International Monetary Fund (IMF) - 2012
We analyze determinants of sovereign bond yields in 22 advanced economies over the 1980-2010 period using panel cointegration techniques. The application of cointegration methodology allows distinguishing between long-run (debt-to-GDP ratio, potential growth) and short-run (inflation, short-term...
Persistent link: https://www.econbiz.de/10011123833
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Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox
Liu, Yan; Rosenberg, Christoph B. - International Monetary Fund (IMF) - 2013
The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In …
Persistent link: https://www.econbiz.de/10011123879
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Cross-Country Linkages in Europe; A Global VAR Analysis
Sun, Yan; Heinz, Frigyes F; Ho, Giang - International Monetary Fund (IMF) - 2013
countries with the advanced Europe countries. The results show strong co-movements in output growth and interest rates but … weaker linkages bewteen inflation and real credit growth within Europe. While the euro area is the dominant source of … small but notable impact of CESEE countries on the rest of the Europe. …
Persistent link: https://www.econbiz.de/10011242313
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Risk Exposures and Financial Spillovers in Tranquil and Crisis Times; Bank-Level Evidence
Poirson, Hélène; Schmittmann, Jochen M. - International Monetary Fund (IMF) - 2013
For a sample of 83 financial institutions during 2003–2011, this paper attempts to answer three questions: first, what is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity indices; second, which bank-specific characteristics...
Persistent link: https://www.econbiz.de/10011242342
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The Domestic Credit Supply Response to International Bank Deleveraging; Is Asia Different?
Aiyar, Shekhar; Jain-Chandra, Sonali - International Monetary Fund (IMF) - 2012
During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in...
Persistent link: https://www.econbiz.de/10011242438