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Persistent link: https://www.econbiz.de/10013459233
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
Never has the issue of sovereign credit ratings attracted such an interest by policy and opinion makers, bankers and journalists, or even the public opinion, as witnessed in the last couple of years. In spite of being accused of contributing to the instability of financial markets, credit rating...
Persistent link: https://www.econbiz.de/10009647328
Credit rating agencies occupies a major role in the global economy in the last two décades. Its appearence was mainly to help investors in the Financial markets to take rational investment decisions by providing a rating that reflects The creditworthiness of the debtor and hence reduce the...
Persistent link: https://www.econbiz.de/10011109062
States like Greece, Portugal, Ireland , Spain and Italy The advanced state debt are nothing more than a symptom of a lack of …
Persistent link: https://www.econbiz.de/10011212950
wages only will not solve the euro crisis. Only in the case of Greece, Europe’s biggest 'problem child', would a general … wage cut lead to improved competitiveness – regardless of the pain such a reform would cause. This is because Greece …
Persistent link: https://www.econbiz.de/10011258799
had on how Greece is viewed ‘from the outside’. The findings point to the generation and consolidation of very negative … attitudes towards Greece. During the 14-month period of examination, Greece evolves from an ‘object of critique’ to a ‘negative … reference point’. In some sense, Greece is (re)constructed in the international press as the (corrupted) other of the (rational …
Persistent link: https://www.econbiz.de/10011260135
This paper proposes a redemption fund for the euro zone countries alternative to that recently proposed by Doluca et al. (2012) – The European Redemption Pact: an Illustrative Guide, GCEE Working Paper No.2, February – and in coherence with a previous proposal of one of the author. In doing...
Persistent link: https://www.econbiz.de/10011260940
This paper proposes a redemption fund for the euro zone countries alternative to that recently proposed by Doluca et al. (2012) – The European Redemption Pact: an Illustrative Guide, GCEE Working Paper No.2, February – and in coherence with a previous proposal of one of the author. In doing...
Persistent link: https://www.econbiz.de/10010599162
This paper proposes a redemption fund for the euro zone countries alternative to that recently proposed by Doluca et al. (2012) – The European Redemption Pact: an Illustrative Guide, GCEE Working Paper No.2, February – and in coherence with a previous proposal of one of the author. In doing...
Persistent link: https://www.econbiz.de/10011258054