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This paper analyzes the trajectories of the Greek public deficit and sovereign debt over the last three decades and their connection to the political and economic environment, paying special attention to the causality between the public and the foreign deficit. The authors argue that, from 1980...
Persistent link: https://www.econbiz.de/10010318673
of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show … solution of the Greek and wider European crisis. A broader agenda that deals with the malaises of the Greek economy and the …
Persistent link: https://www.econbiz.de/10011784657
speculation that had caused the crisis bringing the bank down. Creation of the syndicate and other actions were consistent with …
Persistent link: https://www.econbiz.de/10011396836
the 2011-13 Euro crisis, the quality of services and level of regulation did not deteriorate or indeed improved …, increasing convergence with the core Euro countries. However, the debt crisis dramatically worsened citizens' perceptions of … quality of governance as well as the level of social trust. The very different approach followed with the Covid crisis might …
Persistent link: https://www.econbiz.de/10012609101
systemic banking crises, even in the absence of a lending boom. Given a baseline bonanza, the odds of a crisis the following …), the larger is this risk and a crisis becomes seven times more likely. The correlation of mild bonanzas with crises is … the ones associated with the largest increase in the likelihood of a crisis. …
Persistent link: https://www.econbiz.de/10010287781
supervision and regulation. The post-crisis debt buildup has coincided with a period of subdued growth as well as the emergence of …
Persistent link: https://www.econbiz.de/10012388936
following the financial crisis in 2008, including the latest developments in conjunction with the Covid-pandemic. Hungary … the years following the financial crisis of 2008, with rising debt levels during the Covid-pandemic. …
Persistent link: https://www.econbiz.de/10013261389
I provide a framework for understanding debt deleveraging in a group of _nancially integrated countries. During an episode of international deleveraging world consumption demand is depressed and the world interest rate is low, reecting a high propensity to save. If exchange rates are allowed to...
Persistent link: https://www.econbiz.de/10013370099
Financial Crisis, 2007/8. We analyze the time-varying nature of this relationship in rolling regressions and an historical … dataset. In the subset of countries with enforceability problems, we find that the link between occasional crisis, measured by …
Persistent link: https://www.econbiz.de/10011926737
During Europe's sovereign-debt crisis, interest rate spreads have been highly correlated with the share of multilateral …
Persistent link: https://www.econbiz.de/10011622140