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The sovereign debt crisis that deepened within the last three years in particular Eurozone countries makes up one of … European Monetary Union and the introduction of the euro as a single currency in the late 1990s. Finally, the study also …
Persistent link: https://www.econbiz.de/10009323468
One solution to the euro crisis as a debt crisis can be found in stimulating economic growth. The Troika has proposed … wages only will not solve the euro crisis. Only in the case of Greece, Europe’s biggest 'problem child', would a general …
Persistent link: https://www.econbiz.de/10011258799
In Italy the rate of growth of GDP has declined over the period 2000-2006, after joining the single currency. The decrease is not incidental, but it has a structural and long-term nature, so this decrease relates to the potential growth. This weakening of growth takes place in an international...
Persistent link: https://www.econbiz.de/10011258338
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … integration of European financial markets emphasizing the enormous structural changes that came about since the euro has been …
Persistent link: https://www.econbiz.de/10013136590
In this paper, first, we will take notice of the development of the stock markets in six euro area countries with …), where only France and Germany are part of the euro area. Both main quantitative characteristics of stock market indexes will … development trends in six euro area countries with highest public debt after the year 2009. …
Persistent link: https://www.econbiz.de/10011071619
This paper evaluates whether natural resource exports revenue of Mongolia reduces the interest rate spread using single-sector model and studies the cases that decreased their interest rate spread successfully. The results suggest that the difference in quality of natural resource’s...
Persistent link: https://www.econbiz.de/10011272686
A sustainable debt is a precondition for sustainable development. Yet the analysis of a country’s debt sustainability is a complex task given issues related to (1) establishing the actual debt outstanding and future debt-service obligations; (2) defining appropriate sustainability indicators;...
Persistent link: https://www.econbiz.de/10005836682
In this paper we stress the limits of the current debt sustainability framework used in the IMF-WB HIPC Initiative and the necessity to include domestic public debt into the analysis. The standard sustainability analysis does not take into account the fully-fledged budget constraint and the...
Persistent link: https://www.econbiz.de/10005836833
depends upon satisfactory instruments to permit low risk, low cost international remittances. The solution to both problems …
Persistent link: https://www.econbiz.de/10005031390
One of the most difficult tasks in preparing a poverty reduction strategy consists in setting priorities for public action, taking into account the cost of social programs and the capacity of the government to pay that cost. The ability to pay for social programs is determined by the resources...
Persistent link: https://www.econbiz.de/10005620052