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The influx of shipping receipts from the world's leading fleet has been critical for the development of the Greek economy. Following the fateful September of 2008, the range and speed of the shift in direction of the freight rates, combined with the general economic and credit climate, have had...
Persistent link: https://www.econbiz.de/10012926358
The influx of shipping receipts from the world's leading fleet has been critical for the development of the Greek economy. Following the fateful September of 2008, the range and speed of the shift in direction of the freight rates, combined with the general economic and credit climate, have had...
Persistent link: https://www.econbiz.de/10012938212
In a surprise move during a crisis, the ECB excluded Greek Government Bonds from the set of eligible collateral in monetary policy operations. In turn, Greek banks turned to Emergency Liquidity Assistance (ELA) to meet their funding needs. ELA replenished losses from all funding sources,...
Persistent link: https://www.econbiz.de/10014239355
Using a sample of bank loans to firms operating in the tourism industry for the period 2010-2015, and regional variation of tourism activities to identify the strategic defaulted firms, we examine the impact of Greek banks consolidation on the firms’ payment behavior. We show that a...
Persistent link: https://www.econbiz.de/10014078069
The pricing mechanism in the gasoline market has often been the subject of public debate inGreece during the crisis years. Inefficient pricing could imply oligopolistic practices in themarket and losses to consumers’ welfare in a period characterised by a dramatic fall inconsumers’ income...
Persistent link: https://www.econbiz.de/10014078076
The aim of this study is to assess whether fuel prices in Greece respond asymmetrically to changes in the global oil …
Persistent link: https://www.econbiz.de/10014078078
despite the regulatory framework remaining unchanged - since Greece was the first traditional maritime country to introduce …
Persistent link: https://www.econbiz.de/10014078081
Greece’s economic performance during the last fourty years. We focus on the period 1979‐2001. According to Kehoe and Prescott …
Persistent link: https://www.econbiz.de/10014078153
work are evidenced and emphasized. The data set comprises time series on monthly external trade statistics for Greece …
Persistent link: https://www.econbiz.de/10014078157
This paper reviews the fiscal developments that led Greece from a successful convergence process and the adoption of …
Persistent link: https://www.econbiz.de/10014078158