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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 … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …
Persistent link: https://www.econbiz.de/10011308548
heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using … movements. For instance, the rate of pass-through in Greece is equal to 0.66% when the yield differential is below 2.13%, but …
Persistent link: https://www.econbiz.de/10011376318
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
international spillover effects on the spreads of some other euro-zone countries. Finally, political risk shocks have a negative …
Persistent link: https://www.econbiz.de/10012163613
-reported health and mental health in Greece. The specifications suggest that unemployment results in lower health and the … periods of high unemployment, suggesting that the unemployment crisis in Greece is more devastating as it concerns more people …. Greece has been more deeply affected by the financial crisis than any other EU country, and this study contributes by …
Persistent link: https://www.econbiz.de/10010462650
Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this...
Persistent link: https://www.econbiz.de/10003962631
This paper examines fiscal policy without commitment and the effects of conditional bailout loans. The government relies on distortionary taxation and decides between full debt repayment and costly default. It tends to overborrow due to myopia, which induces default to be a relevant policy...
Persistent link: https://www.econbiz.de/10010225902
The onset of the housing and subsequent financial crisis in 2008 marked the steepest economic downturn in the United. States, since the Great Depression in the late 1920s and 1930s. This most recent financial crisis has been characterized by massive layoffs and displacement. Given the depth of...
Persistent link: https://www.econbiz.de/10011647674
We analyse the evolution of EU citizens' living standards, considering the EU as a single country. Average living standards have improved considerably as the European integration process has unfolded. EU28 income inequality has steadily declined, mostly as a result of the macroeconomic...
Persistent link: https://www.econbiz.de/10012015871