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This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10011308548
applies a parametric difference-in-differences approach to assess the real effects of the introduction of the euro on … the initial problems were overcome within one year of the introduction of euro cash. …
Persistent link: https://www.econbiz.de/10003522939
-S type of regression for each regime. Our results show that, for countries which pegged to or adopted the euro, the effect of … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …
Persistent link: https://www.econbiz.de/10010191206
We study the response of real wages to the business cycle in eight major Eurozone countries before and during the Great …
Persistent link: https://www.econbiz.de/10011386663
The paper takes a comparative perspective on the labour market impact on G20 and EU countries of the financial and economic crisis that began in 2008. It starts from the observation that the decline in employment and rise in unemployment in relation to output or GDP reductions varies...
Persistent link: https://www.econbiz.de/10009302183
whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … data on domestic investment and interest rates on corporate loans for 5 countries of the Euro area in the period ranging …
Persistent link: https://www.econbiz.de/10012099559
banks earnings reports and of the Eurozone sovereign debt crisis on major newspapers from several European countries. We …. Regarding the Eurozone crisis we find that newspapers connected to banks more exposed to stressed sovereign bonds are more …
Persistent link: https://www.econbiz.de/10013173241
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012022690
"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary … policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we … are now appearing within the Euro area which threaten its long-term cohesiveness. The most manifest example of this threat …
Persistent link: https://www.econbiz.de/10003429626
prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …-policy transmission in the euro area. …
Persistent link: https://www.econbiz.de/10012133482