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This article is an analysis on the restructuring banking system of the European Union. The global financial crisis created the need to restructure by immensely reflecting weaknesses in the public, households, corporate, and other financial sectors. The restructuring includes the strengthening of...
Persistent link: https://www.econbiz.de/10011243426
High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic...
Persistent link: https://www.econbiz.de/10010790287
single resolution and common safety net; and urgent issues related to repair of weak banks in Europe. …
Persistent link: https://www.econbiz.de/10010959483
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
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
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790482
By analysing data from January 2007 to December 2012 in a panel GLS error correction framework we find that European countries’ sovereign CDS spreads are largely driven by global investor sentiment, macroeconomic fundamentals and liquidity conditions in the CDS market. But the relative...
Persistent link: https://www.econbiz.de/10011142168
The SDN will assess the youth unemployment problem in advanced European countries, with a special focus on the euro area. It will document the main trends in youth and adult unemployment in 22 European countries before and after the global financial crisis. It will identify the main drivers of...
Persistent link: https://www.econbiz.de/10011142224
The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at … unprecedented highs in some European countries. This paper assesses the main drivers of youth unemployment in Europe. It finds that …
Persistent link: https://www.econbiz.de/10011144606
The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries …
Persistent link: https://www.econbiz.de/10010959481