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The euro area crisis management framework : consequences and institutional follow-ups
Belke, Ansgar - 2010
The current instruments in the EU to deal with debt and liquidity crises include among others the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). Both are temporary in nature (3 years). In terms of an efficient future crisis management...
Persistent link: https://www.econbiz.de/10008933285
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Reinforcing EU governance in times of crisis : the commission proposals and beyond
Belke, Ansgar - 2010
The recent extensive package introduced by the Commission is the most comprehensive reinforcement of economic governance in the EU and the euro area since the launch of the Economic and Monetary Union. Broader and enhanced surveillance of fiscal policies, but also macroeconomic policies and...
Persistent link: https://www.econbiz.de/10008934948
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A more effective euro area monetary policy than OMTs : gold-backed sovereign debt
Belke, Ansgar - 2013
This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area in terms of reduced financing costs and bridge-financing. It is mindful of the legal issues that this will raise and that such a suggestion will be highly controversial....
Persistent link: https://www.econbiz.de/10009771146
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Measuring fiscal spillovers in EMU and beyond : a global VAR approach
Belke, Ansgar; Osowski, Thomas - 2016
Übertragungseffekte fiskalpolitischer Schocks, die von Deutschland und Frankreich ausgehen. Gleichzeitig gibt es eine signifikante …
Persistent link: https://www.econbiz.de/10011570987
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Do coalitions really cause larger government expenditures? : mixed evidence from a regression discontinuity design
Garmann, Sebastian - 2012
This paper measures the causal effect of coalition vs. single-party governments on fiscal policies using a data set of 396 municipalities in the German state of North Rhine-Westphalia in the time period 1985-2004. Using a regression discontinuity design to take the endogeneity of the type of...
Persistent link: https://www.econbiz.de/10009580158
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The impact of resource efficiency measures on performance in small and medium-sized enterprises
Horbach, Jens - 2016
The profitability of green investment is crucial for the diffusion of the resulting technologies but the knowledge about these effects is still limited. Positive performance effects may be based on cost savings stemming from the introduction of cleaner production processes connected with lower...
Persistent link: https://www.econbiz.de/10011538669
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Finance access of SMEs : what role for the ECB?
Belke, Ansgar - 2013
Kleine und mittlere Unternehmen (KMU) in südlichen Euro-Volkswirtschaften wie Italien und Spanien zahlen seit längerem … signifikant höhere Sollzinsen als ihre Wettbewerber im Kern der Eurozone (z.B. Deutschland, Frankreich). Und diese Divergenz wird … immer größer. Es wird häufig argumentiert, dass ein gravierendes Marktversagen den Zugang der KMU in südlichen Ländern zu …
Persistent link: https://www.econbiz.de/10009779172
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Impacts of a micro-enterprise clustering program on firm performance in Ghana
Peters, Jörg; Sievert, Maximiliane; Strupat, Christoph - 2013
Widely considered as an important backbone of economies in developing countries, micro- and small enterprises face several constraints in doing business in Ghana. The creation of industrial zones (IZ) with improved access to infrastructure and secured land tenure is a potential remedy to promote...
Persistent link: https://www.econbiz.de/10009722426
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Unemployment as a social norm revisited : novel evidence from German counties
Kunze, Lars; Suppa, Nicolai - 2016
Deutschland untersuchen wir, ob der soziale Normeffekt von Arbeitslosigkeit altersabhängig ist. In der Tat finden wir, dass die …
Persistent link: https://www.econbiz.de/10011440877
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Effects of the Bologna Reform on educational outcomes : micro evidence from Germany
Hahm, Sabrina; Kluve, Jochen - 2016
. Dieses Papier analysiert die Auswirkungen der Bologna-Reform in Deutschland auf Basis von Mikrodaten der Humboldt …
Persistent link: https://www.econbiz.de/10011540918