We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The … crisis and the first programme’s (2010-11) failure were mainly the result of misguided internal policies. The second …

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to … annual data from 1999 to 2011 drawn from 132 countries. The probability of a financial crisis fits an inverted U-shaped curve …

We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post-crisis … across countries and across skill groups. In relative terms, the post-crisis wave induces smaller welfare gains compared to …

automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional …

The distributional consequences of the recent economic crisis are still broadly unknown. While it is possible to …

context of the COVID-19 crisis in Germany. Employment responses differed widely across local labour markets, with differences … difference-in-differences approach with a continuous treatment, we find that pre-crisis digital capital potential reduced short …

, which have been followed by a lasting crisis. The paper analyses the role of a high degree of regional heterogeneity for … public debt and monetary policy in the context of crisis. It is shown for Japan that the attempts to maintain regional … across Japanese regions pre- and post-crisis. The side condition is monetary expansion. A similar effect could emerge in …