Showing 1 - 10 of 44
regain market confidence. Using regime-switching VARs we estimate the impact of fiscal adjustment on the United States …
Persistent link: https://www.econbiz.de/10013098618
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10013098630
This study assesses the overall impact on credit of the financial regulatory reforms in Europe, Japan, and the United States. Long-term cost estimates are provided for Basel III capital and liquidity requirements, derivatives reforms, and higher taxes and fees. Overall, average lending rates in...
Persistent link: https://www.econbiz.de/10013099136
growth, adjustment in the euro zone periphery countries, which are also carrying a legacy of pre-crisis CA imbalances, has …
Persistent link: https://www.econbiz.de/10013083623
The extent of fiscal transparency in Western Europe has varied over the centuries. Although ancient Greek, Roman, and medieval governments were sometimes open about their finances, the absolute monarchies of the 1600s and 1700s shrouded them in mystery. Factorsthat have encouraged transparency...
Persistent link: https://www.econbiz.de/10013072600
This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...
Persistent link: https://www.econbiz.de/10012843499
This paper presents novel empirical evidence on the labor market integration of migrants across Europe. It investigates … substantial heterogeneity in the patterns of labor market integration across host countries and by migrant gender and origin. Our … results also point to the importance of cohorts and network effects, initial labor market conditions, and the differential …
Persistent link: https://www.econbiz.de/10012906886
sovereign risk and its impact on deposit dynamics during 2006-11. Using an extension of a common market discipline framework, it …
Persistent link: https://www.econbiz.de/10012977817
We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the …
Persistent link: https://www.econbiz.de/10012859867
migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for …
Persistent link: https://www.econbiz.de/10013050671