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The Euro Area sovereign debt crisis: Some implications of its systemic dimension
Pessoa, Argentino - Volkswirtschaftliche Fakultät, … - 2011
After the beginning of the euro area, countries in its periphery engaged in weighty borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now, these countries face debt crises reflecting a loss of creditor confidence in the sustainability of their finances from...
Persistent link: https://www.econbiz.de/10009370831
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Recasting the Power Politics of Debt: Structural Power, Hegemonic Stabilisers and Change
Antoniades, Andreas - Volkswirtschaftliche Fakultät, … - 2013
The 2007/8 financial crisis exposed and exacerbated the debt pathologies of the ‘West’. The paper examines whether the new global debt relations that have been generated by this crisis have transformed global power politics, changing the way in which the ‘global South’ and the ‘global...
Persistent link: https://www.econbiz.de/10011259196
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Sovereign risk contagion in the Eurozone: a time-varying coefficient approach
Ludwig, Alexander - Volkswirtschaftliche Fakultät, … - 2013
This paper analyzes sovereign risk contagion in the Eurozone using an extension to the canonical model for contagion …
Persistent link: https://www.econbiz.de/10011107941
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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
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Conditional Autoregregressive Range (CARR) Based Volatility Spillover Index For the Eurozone Markets
Bayraci, Selcuk; Demiralay, Sercan - Volkswirtschaftliche Fakultät, … - 2013
: We examine the volatility spillovers among major Eurozone countries employing the Diebold and Yilmaz (2012) model … in a very high degree. 74.9% of total volatility in the Eurozone markets is attributed to spillover effects from other …
Persistent link: https://www.econbiz.de/10011110487
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Was kostet die Krise? Mittelfristige Wachstumsperspektiven in Deutschland, 2010 - 2014
Buchen, Teresa; Carstensen, Kai; Henzel, Steffen; … - Volkswirtschaftliche Fakultät, … - 2010
2009 ist eine Diskussion darüber entbrannt, inwieweit die derzeitige Finanzkrise Einfluss auf die mittelfristigen … Zeitreihenmodellen abgeschätzt. Die Ergebnisse deuten darauf hin, dass das Niveau des Produktionspotenzials aufgrund der Finanzkrise … durch eine Stagnation des technischen Fortschritts verursacht wird. Die Auswirkungen der Finanzkrise auf die mittelfristige …
Persistent link: https://www.econbiz.de/10008472806
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The roles of reputation and transparency on the behavior of biased experts
Bourjade, Sylvain; Jullien, Bruno - Volkswirtschaftliche Fakultät, … - 2011
market for experts. The information the expert reveals decreases as his bias moves toward stronger preference for the status … if reports are not public. Finally, sequential consultation of experts reduces the information obtained when reports are …
Persistent link: https://www.econbiz.de/10009368142
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Experts and Cultural Narcissism - An Attempt to Analyze the Relationship
Klimczuk, Andrzej - Volkswirtschaftliche Fakultät, … - 2011
cultural narcissism, experts role as a participant in social change, model types and kinds of experts with their arcane in to …
Persistent link: https://www.econbiz.de/10011163533
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Financial Experts, Asset Prices and Reputation
Rudiger, Jesper; Vigier, Adrien - Volkswirtschaftliche Fakultät, … - 2013
We analyze how financial experts influence asset prices in a sequential trading model. In the model, an expert of …
Persistent link: https://www.econbiz.de/10011110283
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Expertise and Bias in Decision Making
Bourjade, Sylvain; Jullien, Bruno - Volkswirtschaftliche Fakultät, … - 2004
toward some favoured decision but cares also about its reputation on the market for experts. We then analyse the … on experts biased against the status quo. We also show that it is optimal to publically disclose the expert report …
Persistent link: https://www.econbiz.de/10005621861