Narrow search
Showing 1 - 10 of 110
Cover Image
The road to Ithaca : the Gold Standard, the Euro and the origins of the Greek sovereign debt crisis
Dellas, Harris; Tavlas, G. S. - 2022
The origins of the Greek-sovereign debt crisis were the country’s large fiscal and external imbalances. The key factor that abetted those imbalances was the absence of a short-tomedium term adjustment mechanism -- due to perceptions of sovereign bailouts -- in the euro-area that would have...
Persistent link: https://www.econbiz.de/10014079607
Cover Image
The Greek financial crisis : growing imbalances and sovereign spreads
Gibson, Heather D.; Hall, Stephen G.; Tavlas, G. S. - 2022
We discuss the origins of the Greek financial crisis as manifested in the growing fiscal and current-account deficits since euro-area entry in 2001. We then provide an investigation of spreads on Greek relative to German long-term government debt. Using monthly data over the period 2000 to 2010,...
Persistent link: https://www.econbiz.de/10013404052
Cover Image
Déjà Vu? The Greek Crisis Experience, the 2010s Versus the 1930s. Lessons from History
Lazaretou, Sophia; Chouliarakis, George - 2022
The past Greek crisis experience is more or less terra incognita. In all historical empirical studies Greece is … which to assess the policy choices and constraints that Greece faces today, with the ultimate aim to draw policy lessons …
Persistent link: https://www.econbiz.de/10014079032
Cover Image
Nobody's Child : The Bank of Greece in the Interwar Years
Kakridis, Andreas - 2022
Neither history nor economic historians have been kind to Greece’s central bank in the interwar years. Born at the … behest of the League of Nations to help the country secure a new international loan, the Bank of Greece was treated with a … revisit the Bank of Greece’s birth and operation during the Great Depression. In doing so, it hopes to put Greece on the map …
Persistent link: https://www.econbiz.de/10014081918
Cover Image
Fiscal Adjustment and Debt Sustainability : Greece 2010-2016 and Beyond
Karavitis, Nicholas E. - 2022
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
Cover Image
Labour Market Adjustments and Reforms in Greece During the Crisis : Microeconomic Evidence from the Third Wave of the Wage Dynamics Survey
Kosma, Theodora; Papapetrou, Evangelia; Pavlou, Georgia; … - 2022
The recession that followed the global financial crisis and the sovereign debt crisis resulted in large falls in output and rises in unemployment across Europe. In this context, many countries implemented significant reforms of their labour market. In order to analyse the impact of labour market...
Persistent link: https://www.econbiz.de/10014078424
Cover Image
Money Supply and Greek Historical Monetary Statistics : Definition, Construction, Sources and Data
Lazaretou, Sophia - 2022
in Greece since the inception of the National Bank of Greece in 1842 until the eve of WWII. Specifically, we describe in …
Persistent link: https://www.econbiz.de/10014080335
Cover Image
Real exchange rates over a century : the case of the Drachma / Sterling rate, 1833-1939
Sideris, Dimitrios - 2022
Recent studies on real exchange rates advocate the use of long samples in order to reveal the low frequency properties of the processes. The present paper contributes to this strand of the literature by exploiting recently released time series for the drachma/sterling rate for the period...
Persistent link: https://www.econbiz.de/10014080543
Cover Image
Disrupted Lending Relationship and Borrower's Strategic Default : Evidence from the Tourism Industry During the Greek Economic Crisis
Malliaropulos, Dimitris; Avramidis, Panagiotis; … - 2022
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
Cover Image
Multiple Potential Payers and Sovereign Bond Prices
Oosterlinck, Kim; Ureche-Rangau, Loredana - 2022
Sovereign bonds are usually priced under the assumption that only the sovereign issuer may be responsible of their repayment. In some cases however, bondholders may legitimately expect to be repaid by more than one agent. For example, when a country breaks-up, successor states may agree to...
Persistent link: https://www.econbiz.de/10014080442