Showing 1 - 10 of 13
The euro zone peripheral countries face a profound sovereign debt crisis threatening the very existence of the euro as …
Persistent link: https://www.econbiz.de/10011134507
, Australia and Canada play a pivotal role in the public debt market. The analysis under the multivariate framework reveals … the sovereign debt crisis. …
Persistent link: https://www.econbiz.de/10010857976
The main purposes of this paper are twofold: a) to determine if there are significant differences on the determinants of public expenditures and tax revenues between the so-called PIGS and the remaining Eurozone member states; b) to uncover possible explanations for the different situations in...
Persistent link: https://www.econbiz.de/10010857988
A contribution appeared in the previous issue of Panoeconomicus reviewed the theoretical arguments brought by Alain Parguez and Jean Gabriel Bliek in support of their idea of assigning a full employment objective to European economic policies and their coordination (Bliek and Parguez (2007) and...
Persistent link: https://www.econbiz.de/10008554100
In two recent contributions Alain Parguez and Jean-Gabriel Bliek argued in favour of assigning a full employment objective to European economic policies and their coordination (Bliek and Parguez (2007) and Parguez (2007b)). Their argument is based on the approach of the monetary circuit, whose...
Persistent link: https://www.econbiz.de/10008554147
In order to prescribe adequate remedies to treat the current financial crisis one has to understand what in the first place went wrong. An age ago, older generations wrote that disease could not be cured without an accurate diagnosis. In contrast to mainstream “efficient markets hypothesis”...
Persistent link: https://www.econbiz.de/10008554186
almost all other European countries, Sweden has had budget surpluses and a government debt ratio around 40 percent of GDP …
Persistent link: https://www.econbiz.de/10009385667
We examine the three interlinked Irish crises: the competitiveness, fiscal and banking crises, showing how all three combined to lay a lethal trap for Ireland. Starting from a point of economic balance, a series of poor government decisions led to the country once dubbed the “Celtic tiger”...
Persistent link: https://www.econbiz.de/10008871921
This paper analyses the fundamentals of the Portuguese crisis. The financial crisis of 2007 worsened and triggered the current Portuguese crisis. We argue that the main problem the economy is facing is its output stagnation due to a kind of Dutch disease that has created high and increasing...
Persistent link: https://www.econbiz.de/10009141605
Persistent link: https://www.econbiz.de/10009705461