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The European debt crisis and fiscal reaction functions in Europe 2000 - 2012
Baldi, Guido; Stæhr, Karsten - 2013
After the global financial crisis, some governments in the EU experienced serious debt financing problems, while others were less affected. This paper seeks to shed light on the divergent fiscal performance by assessing the fiscal conduct in the EU countries before and after the outbreak of the...
Persistent link: https://www.econbiz.de/10009745191
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The euro area crisis management framework : consequences and institutional follow-ups
Belke, Ansgar - 2010
The current instruments in the EU to deal with debt and liquidity crises include among others the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). Both are temporary in nature (3 years). In terms of an efficient future crisis management...
Persistent link: https://www.econbiz.de/10009268966
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Reinforcing EU governance in times of crisis : the commission proposals and beyond
Belke, Ansgar - 2010
The recent extensive package introduced by the Commission is the "most comprehensive reinforcement of economic governance in the EU and the euro area since the launch of the Economic and Monetary Union. Broader and enhanced surveillance of fiscal policies, but also macroeconomic policies and...
Persistent link: https://www.econbiz.de/10009272597
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Europe needs more than a Capital Markets Union : focus on the integration of euro area sovereign debt markets
Breitenfellner, Andreas; Schuberth, Helene - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 9-20
With a view to establishing a Capital Markets Union (CMU), efforts to integrate (private) capital markets and private risk-sharing in the European Union are underway. However, the single (capital) market will be burdened by a perennial potential threat to sovereign bond market stability in the...
Persistent link: https://www.econbiz.de/10012051172
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The macroeconomic effects of a European deposit (re-)insurance scheme
Clemens, Marius; Gebauer, Stefan; König, Tobias - 2020
While the first two pillars of the European Banking Union have been implemented, a European deposit insurance scheme (EDIS) is still not in place. To facilitate its introduction, recent proposals argue in favor of a reinsurance scheme. In this paper, we use a regime-switching open-economy DSGE...
Persistent link: https://www.econbiz.de/10012223907
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The macroeconomic effects of a European deposit (re-)insurance scheme
Clemens, Marius; Gebauer, Stefan; König, Tobias - 2023 - April 18, 2023 (revised version)
Recent proposals for a still missing European deposit insurance scheme (EDIS) argue in favor of a reinsurance framework. In this paper, we use a regime-switching open-economy DSGE model with bank default to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more...
Persistent link: https://www.econbiz.de/10014316943
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Decentralization and public procurement performance : new evidence from Italy
Chiappinelli, Olga - 2017
We exploit a new dataset based on EU procurement award notices to investigate the relationship between the degree of centralization of public procurement and its performance. We focus on the case of Italy, where all levels of government, along with a number of other public institutions, are...
Persistent link: https://www.econbiz.de/10011771676
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The role of regulation and regional government quality for high growth firms : the good, the bad, and the ugly
Amoroso, Sara; Herrmann, Benedikt; Kritikos, Alexander - 2023
High growth firms (HGFs) are important for job creation and considered to be precursors of economic growth. We investigate how product- and labor-market regulations, as well as the quality of regional governments that implement these regulations, affect HGF development across European regions....
Persistent link: https://www.econbiz.de/10014384415
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Can the Capital Markets Union deliver?
Kotz, Hans-Helmut; Schäfer, Dorothea - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 89-98
. Dies stellt insbesondere für bankabhängige kleine und mittlere Unternehmen (KMU) ein Problem dar. Um die mittelfristigen … Sparerinnen und Sparer zu erleichtern. Dabei wird allerdings übersehen, dass es handfeste wirtschaftliche Gründe sind, die KMU …. Beispielsweise hat sich die Platzierung von KMU-Schulden in besicherter Form auf den Kapitalmärkten als schwierig erwiesen. Zu groß …
Persistent link: https://www.econbiz.de/10012051211