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The Greek Debt Crisis : Likely Causes, Mechanics and Outcomes

Arghyrou, Michael - 2010

We use insights from the literature on currency crises to offer an analytical treatment of the crisis in the market for Greek government bonds. We argue that the crisis itself and its escalating nature are very likely to be the result of: (a) steady deterioration of Greek macroeconomic...

Persistent link: https://www.econbiz.de/10013135455

The Greek Crisis : Causes and Consequences

Garcia Pascual, Antonio I. - 2011

Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster … solvency and closing the competitiveness gap. Yet we think Greece stands a better chance of accomplishing these goals from …

Persistent link: https://www.econbiz.de/10013117780

The Greek Crisis and Financial Assistance Programmes : An Evaluation

Arghyrou, Michael - 2015

programme (2012-14) achieved progress towards recovery but this was fragile and was cancelled out by Greece's stand-off with her … lenders in the first half of 2015. The stand-off was one that predictably Greece could not win, due to the lack of a credible …

Persistent link: https://www.econbiz.de/10013010491

How to Handle the Crisis in Greece? Empirical Evidence Based on a Survey of Economics Experts

Potrafke, Niklas - 2016

crisis in Greece. 61.9% of the experts surveyed were not in favour of Greece exiting the Eurozone in the course of the … Republic, Denmark, and Slovakia were in favour of Greece exiting the Eurozone. The share of experts who were in favour of … Greece staying in the Eurozone increased to 69.8% in October 2015. 72.4% of experts surveyed believed that the IMF should …

Persistent link: https://www.econbiz.de/10012992606

Labor Demand During the Crisis : What Happened in Germany?

Bohachova, Olga - 2011

In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries. Despite a large drop in output, employment has hardly changed. In this paper, we analyze the determinants of German firms' labor demand during the crisis using a firm-level...

Persistent link: https://www.econbiz.de/10013118679

The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis

Jing, Ran - 2011

This paper studies the performance of China's exports during the 2008—2009 financial crisis. It focuses on the speed at which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important...

Persistent link: https://www.econbiz.de/10013120072

The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...

Persistent link: https://www.econbiz.de/10013081055

Overvalued : Swedish Monetary Policy in the 1930s

Rathke, Alexander - 2013

This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank in the 1930s is sometimes seen as an example of a central bank that was relatively innovative in terms of the conduct of monetary policy. To consider this analytically, we...

Persistent link: https://www.econbiz.de/10013091832

Labor Market Policies and European Crises

Bertola, Giuseppe - 2013

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...

Persistent link: https://www.econbiz.de/10013073087

Resilience, Supply Chains and the Great Recession

Brakman, Steven - 2017

We analyse the link between supply chains and the extent to which the Great Recession has affected national economies. Our analysis is in two steps, namely first for value added measures of supply chains and then for the Grubel-Lloyd index using gross-export data. Regarding value added measures...

Persistent link: https://www.econbiz.de/10012953709