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Between Enlargement-led Europeanisation and Balkan Exceptionalism: an appraisal of Bulgaria’s and Romania’s entry into the European Union

Papadimitriou, Dimitris; Gateva, Eli - London School of Economics (LSE) - 2009

The accession of Bulgaria and Romania into the European Union (EU) in 2007 offers significant theoretical and empirical … the considerable EU discretion in the manner of its implementation. In that sense Bulgaria and Romania, as ‘outliers’ of … sought to influence domestic reform in the two countries through a mix of threats and rewards. What emerges from Bulgaria …

Persistent link: https://www.econbiz.de/10005016300

The Challenge of Restoring Debt Sustainability in a Deep Economic Recession: The case of Greece

Monokroussos, Platon - London School of Economics (LSE) - 2014

: a) taking into account Greece’s present debt ratio, a fiscal adjustment can lead to a contemporaneous increase in the …

Persistent link: https://www.econbiz.de/10010930542

New Evidence on the Remedies of the Greek Sovereign Debt Problem

APERGIS, Nicholas; COORAY, Arusha - London School of Economics (LSE) - 2013

The goal of the present paper is to investigate not only the dynamics of the Greek public debt, but also what are the appropriate measures required for achieving fiscal consolidation. The empirical estimation is carried out using a macroeconomic dataset spanning the period 1980-2008 and both the...

Persistent link: https://www.econbiz.de/10010735153

New evidence on the remedies of the Greek sovereign debt problem

Apergis, Nicholas; Cooray, Arusha - London School of Economics (LSE) - 2013

Persistent link: https://www.econbiz.de/10010745161

The challenge of restoring debt sustainability in a deep economic recession: the case of Greece

Monokroussos, Platon - London School of Economics (LSE) - 2014

: a) taking into account Greece’s present debt ratio, a fiscal adjustment can lead to a contemporaneous increase in the …

Persistent link: https://www.econbiz.de/10011126739

The Federal Reserve as global lender of last resort, 2007-2010

Broz, Lawrence - London School of Economics (LSE) - 2015

Passage of the Dodd-Frank financial reform bill, in conjunction with a Supreme Court ruling supporting a Freedom of Information Act request, required the Federal Reserve (Fed) to disclose bank-specific information about its emergency lending during the financial crisis. The disclosures revealed...

Persistent link: https://www.econbiz.de/10011170086

Brave new world? Macro prudential policy and the new political economy of The Federal Reserve

Goodhart, Lucy - London School of Economics (LSE) - 2015

The Financial Crisis that started in 2007 ushered in new responsibilities for central banks, particularly for what is termed “macro-prudential policy,” or MPP. The goal of this policy is to monitor and contain overall risk in the financial sector. Implementing MPP, however, carries the...

Persistent link: https://www.econbiz.de/10011170090

Great expectations, veto players, and the changing politics of banking crises

Chwieroth, Jeffrey; Walter, Andrew - London School of Economics (LSE) - 2015

How have the politics of banking crises changed over the long run? Unlike existing static accounts, we offer a dynamic theory emphasizing how the emergence of voters’ “great expectations” after the 1930s concerning crisis prevention and mitigation reshaped the politics of banking crises in...

Persistent link: https://www.econbiz.de/10011170091

Credit risk spillovers, systemic importance and vulnerability in financial networks

Grinis, Inna - London School of Economics (LSE) - 2015

How does the change in the creditworthiness of a financial institution or sovereign impact its creditors’ solvency? I address this question in the context of the recent European sovereign debt crisis. Considering the network of Eurozone member states, interlinked through investment...

Persistent link: https://www.econbiz.de/10011170094

Networked default: public debt, trade embeddedness, and partisan survival in democracies since 1870

Chwieroth, Jeffrey; Simpson, Cohen; Walter, Andrew - London School of Economics (LSE) - 2014

Sovereign default is often associated with the downfall of incumbent governments in democratic polities. Existing scholarship directs attention to the relationship between default and domestic politics and institutions rather than the broader international environment wherein repayment and...

Persistent link: https://www.econbiz.de/10011167208