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Currency crisis and collapse in interwar Greece: predicament or policy failure?
Christodoulakis, Nicos - London School of Economics (LSE) - 2012
Greece in 1928 viewed the anchoring to the Gold Exchange Standard as the imperative choice of the time in order to … sterling exited the system in 1931, Greece, instead of following suit, chose a defence that drove interest rates at high levels … today for the costs that Greece would face by exiting the Eurozone. A model of Balance of Payments crises with partial …
Persistent link: https://www.econbiz.de/10010745719
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Currency crisis and collapse in interwar Greece: Predicament or Policy Failure?
Christodoulakis, Nicos - London School of Economics (LSE) - 2012
Greece in 1928 viewed the anchoring to the Gold Exchange Standard as the imperative choice of the time in order to … sterling exited the system in 1931, Greece, instead of following suit, chose a defence that drove interest rates at high levels … today for the costs that Greece would face by exiting the Eurozone. A model of Balance of Payments crises with partial …
Persistent link: https://www.econbiz.de/10010686678
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A reflection of history: fluctuations in Greek sovereign risk between 1914 and 1929
Christodoulaki, Olga; Cho, Haeran; Fryzlewicz, Piotr - London School of Economics (LSE) - 2011
Time series of daily data for Greek sovereign risk have been compiled and analysed statistically to shed light on the way that historical events, including political and institutional changes, determined the creditworthiness of the Greek government on the London stock market from the start of...
Persistent link: https://www.econbiz.de/10010746222
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A Reflection of History: Fluctuations in Greek Sovereign Risk between 1914 and 1929
Christodoulaki, Olga; Cho, Haeran; Fryzlewicz, Piotr - London School of Economics (LSE) - 2011
Time series of daily data for Greek sovereign risk have been compiled and analysed statistically to shed light on the way that historical events, including political and institutional changes, determined the creditworthiness of the Greek government on the London stock market from the start of...
Persistent link: https://www.econbiz.de/10010686659
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Without purpose and strategy?: a spatio-functional analysis of the regional allocation of public investment in Greece
Monastiriotis, Vassilis; Psycharis, Yiannis - London School of Economics (LSE) - 2011
We utilise a large database on public investment at the prefecture (NUTS-3) level in Greece for the period 1976-2008 to … investment in Greece, thus raising important questions about the rationale for these allocations and, by implication, about the …
Persistent link: https://www.econbiz.de/10010745865
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Economic restructuring, crises and the regions: the political economy of regional inequalities in Greece
Caraveli, Helen; Tsionas, Efthymios G. - London School of Economics (LSE) - 2012
examine and critically evaluate the above issues for the case of Greece, where regional inequalities, measured by per capita … cases or even to have intensified the above picture. A discussion of future prospects under Greece’s current difficult …
Persistent link: https://www.econbiz.de/10010884690
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Political competition and the limits of political compromise
Cunha, Alexandre B.; Ornelas, Emanuel - London School of Economics (LSE) - 2014
We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each...
Persistent link: https://www.econbiz.de/10011126506
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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
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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
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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/10010745161