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Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy
Hernandez-Verme, Paula; Wang, Wen-Yao - Volkswirtschaftliche Fakultät, … - 2009
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10005037756
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Ist eine Deregulierung der Arbeitsmärkte in den südlichen EU-Staaten zur Bekämpfung der Eurokrise sinnvoll?
Fischer, Justina AV - Volkswirtschaftliche Fakultät, … - 2012
One solution to the euro crisis as a debt crisis can be found in stimulating economic growth. The Troika has proposed measures to deregulate labor markets in Southern EU countries: a longer working week, relaxation of job dismissal laws, raising the age of retirement. A longer working week for...
Persistent link: https://www.econbiz.de/10011258799
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Argentina’s sovereign debt default: a critical view
Georgescu, George - Volkswirtschaftliche Fakultät, … - 2015
Following the financial crisis effects, the issue of debt sustainability became of global importance, even for international security reasons. In the EU, despite post-crisis fiscal austerity measures aimed at rebalancing the public finances, the debt-to-GDP ratio continued to deteriorate. At...
Persistent link: https://www.econbiz.de/10011201268
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L’economia italiana e la crisi globale: crescita, disoccupazione e debito pubblico
Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2010
The paper analyzes the problems of low growth, unemployment, especially youth unemployment, and high public debt afflicting the Italian economy even before the global financial crisis. These problems certainly have worsened as a result of the crisis itself. The aim of the present work is to...
Persistent link: https://www.econbiz.de/10011114014
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Public debt, sovereign risk and sustainable development of Romania
Georgescu, George - Volkswirtschaftliche Fakultät, … - 2013
The rapid increase in the government debt under the circumstances of the global crisis persistence and financial markets volatility raises the need for a new approach of public debt sustainability, including for Romania. Despite more intense contagion effects according to global markets...
Persistent link: https://www.econbiz.de/10011114081
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Factori de creştere a sustenabilităţii datoriei publice
Georgescu, George - Volkswirtschaftliche Fakultät, … - 2014
In the case of Romania, a sharp deterioration of the fiscal framework strength has been observed during post-crisis period, the public debt-to-GDP ratio currently reaching around 40%, thus doubling as compared to 2008. The structural analysis of government debt portfolio highlighted the main...
Persistent link: https://www.econbiz.de/10011257864
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Profits:The Economic or Auditors' Assessment?
De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012
Companies of all types are regularly audited based on agreed International Financial Reporting Standards. Some governments, including the U.K. have set up: Whole of Government Accounts. This article focusses on the fact, which can be deducted from both the U.S. and U.K. data on the Balance Sheet...
Persistent link: https://www.econbiz.de/10011114559
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Banking Performance and Speculative Attacks Under Asymmetric Information
Nabi, Mahmoud Sami - Volkswirtschaftliche Fakultät, … - 2001
The Asian financial crisis of 1997 evolved through many stages. Although there is a consensus among economists on its "ingredients", a disagreement still exists about the exact mechanisms. This paper proposes a model explaining the triggering event of the crisis as represented by the abandon of...
Persistent link: https://www.econbiz.de/10008531937
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Financial liberalization, disaggregated capital flows and banking crisis: Evidence from developing countries
BOUKEF JLASSI, NABILA; HAMDI, HELMI - Volkswirtschaftliche Fakultät, … - 2013
The aim of this paper is to examine whether or not financial liberalization has triggered banking crises in developing countries. We focus in particular on the role of capital inflows as their volatilities threat economic stability. In the empirical model, based on Panel Logit estimation, we use...
Persistent link: https://www.econbiz.de/10011109586
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The euro sovereign debt crisis, determinants of default probabilities and implied ratings in the CDS market: an econometric analysis
Santos, Carlos - Volkswirtschaftliche Fakultät, … - 2011
markets to domestic saving rates. Overall, the different methodologies support the conclusion that the domestic savings rate …. When looking at the Portuguese Case it seems clear that public policies that fail to take savings into proper account shall … always be deemed to fail, as the country had the lowest net savings rate in the EU27 in 2008, followed closely by Greece. …
Persistent link: https://www.econbiz.de/10009132739