Showing 1 - 10 of 225
This paper contrasts the United States and European situations during the crisis and examines how much of the crisis has been imported by Europe from the US. The paper argues that Europe never had a chance to avoid contagion from the US. It also documents the relatively limited reaction of both...
Persistent link: https://www.econbiz.de/10013144792
This paper gives an overview of the causes of the European debt crisis and the consequences for the external relations …. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …
Persistent link: https://www.econbiz.de/10010397341
This paper compares financial assistance programs of four euro-area countries (Greece, Ireland, Portugal, and Cyprus …) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007 … as the size of imbalances, financing, unique cooperation of the IMF and various European facilities, and membership of a …
Persistent link: https://www.econbiz.de/10011688734
This paper contrasts the United States (US) and European situations during the crisis and examines how much of the crisis has been imported by Europe from the US. The paper argues that Europe never had a chance to avoid contagion from the US. It also documents the relatively limited reaction of...
Persistent link: https://www.econbiz.de/10010286102
Financial safety nets in Asia have come a long way since the Asian Financial Crisis (AFC) of 1997–98. Not wanting to rely solely on the International Monetary Fund (IMF) again, the Chiang Mai Initiative (CMI) was created in 2000. When the CMI also proved inadequate following the Global...
Persistent link: https://www.econbiz.de/10013098083
This paper takes stock of recent research dealing with the degree to which the trilemma choices of Asian countries facilitated a smoother adjustment during the global crisis of 2008–2009, and the way the region has been coping with the adjustment to the post-crisis challenges. We point out...
Persistent link: https://www.econbiz.de/10013118911
Trade finance shortfalls now appear regularly. Does this matter for trade expansion and economic development in developing countries? Global trade finance has resumed following the 2009 global financial crisis. However, the pattern of recovery has been uneven across countries and categories of...
Persistent link: https://www.econbiz.de/10011688725
This paper describes the institutional flaws that led to the euro crisis, assesses the institutional reforms that were … European monetary union. In mid-2017, growth in the euro area appears to be finally picking up after 10 years of recessions and … architecture. On the contrary, these quieter times offer a good occasion to reflect on the future of euro-area institutions and to …
Persistent link: https://www.econbiz.de/10011853008
active management, along with complementary reforms in other sectors. Greater caution is needed in the liberalization of debt …
Persistent link: https://www.econbiz.de/10010279811
active management, along with complementary reforms in other sectors. Greater caution is needed in the liberalization of debt …
Persistent link: https://www.econbiz.de/10013116190