Showing 1 - 10 of 90
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 prices. To do so, we depart from the current practice in the literature that focuses on fuel prices. Rather, we consider the mark-up of both the refineries and retailers. Even...
Persistent link: https://www.econbiz.de/10014078078
The research investigates the relative position of the Greek tonnage tax system internationally. The authors point that despite the regulatory framework remaining unchanged - since Greece was the first traditional maritime country to introduce this regime in the 1970s - total taxes paid by Greek...
Persistent link: https://www.econbiz.de/10014078081
We built upon Angelopoulos et al. (2009) and we employ a dynamic general equilibrium model in order to examine the interrelated role of rent seeking activities, institutions and government policy variables, like tax rates and public spending, on Greece’s economic performance during the last...
Persistent link: https://www.econbiz.de/10014078153
This work aims to fill an existing gap in the literature regarding the statistical testing for the existence and the identification of the character of time-varying second moment in its dependence on a non-constant mean level in time series. To this end a new statistical testing procedure is...
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 the Euro to an unprecedented prolonged recession. Analysis of all fiscal aggregates reveals the policies behind the sovereign crisis, both on the expenditure and the revenue side....
Persistent link: https://www.econbiz.de/10014078158