Similar Search Results

Measuring Currency Pressure and Contagion Risks in Countries under Monetary Unions: The Case of Euro

Canofari, Paolo; Marini, Giancarlo; Piersanti, Giovanni - In: Atlantic Economic Journal 42 (2014) 4, pp. 455-469

currency peg. We apply the index to European Union countries in order to assess the sustainability of the euro. Copyright …

Persistent link: https://www.econbiz.de/10011155070

The Euro Area Crisis: Politics over Economics

Orphanides, Athanasios - In: Atlantic Economic Journal 42 (2014) 3, pp. 243-263

This paper explores the dominant role of politics in decisions made by euro area governments during the crisis …. Decisions that appear to have been driven by local political considerations to the detriment of the euro area as a whole are … costs across the euro area. The example of Cyprus is discussed, where political decisions resulted in a transfer of about …

Persistent link: https://www.econbiz.de/10010959299

Turkish Banking Sector Current Status and the Future Challenges

Saltoğlu, Burak - In: Atlantic Economic Journal 41 (2013) 1, pp. 75-86

The strong recovery in the Turkish banking sector after the financial crisis that hit the country in 2001 sets a good example for countries experiencing similar difficulties. In this paper, we will first briefly discuss the financial and regulatory measures taken after the Turkish banking...

Persistent link: https://www.econbiz.de/10010989083

The Future of European Monetary Integration

Nowotny, Ewald - In: Atlantic Economic Journal 42 (2014) 3, pp. 229-242

This article discusses the immediate and the longer-term future of monetary policy. It first reviews the policies adopted by central banks in the wake of the financial crisis, focusing on balance sheet policies and forward guidance, and then discusses the exit from these policies and the...

Persistent link: https://www.econbiz.de/10010959303

The Role of Credit in the 2007–09 Great Recession

Dore, Mohammed; Singh, Rajiv - In: Atlantic Economic Journal 40 (2012) 3, pp. 295-313

This paper examines the financial crisis of 2007/9 and the downturn in the U.S. We argue that effective demand over the 2001–2006 expansion was maintained by credit. The role of credit in a Vector Error Correction Model and Granger-causality between aggregate spending, credit, disposable...

Persistent link: https://www.econbiz.de/10010866442