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distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross …
Persistent link: https://www.econbiz.de/10011975657
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In this paper, we analyze the importance of international banking models, along the operational and the funding dimensions, for the decline in international positions of European banks since the crisis. Using BIS Consolidated Banking Statistics, we find that the multinational model (higher...
Persistent link: https://www.econbiz.de/10012312194
This note examines whether subjective general health in Europe has changed since the onset of the economic crisis … worsened morbidity in Europe. …
Persistent link: https://www.econbiz.de/10010496207
if Europe is to deal effectively with the serious debt problems of some Eurozone countries. However, this fund should …The past few months have exposed serious problems in relation to Europe's ability to cope with financial stress … procedures in place. Together, these reforms will allow Europe to deal with future sovereign debt problems without provoking a …
Persistent link: https://www.econbiz.de/10009729283
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This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR model. We find that a union aggregate systemic risk shock results in a sharp decline in output, with two thirds of the response to be attributed to cross-country spillovers. The...
Persistent link: https://www.econbiz.de/10012704731
calibration of the model to Eurozone banking data for 2006 yields that lengthening the average maturity of wholesale debt from its …
Persistent link: https://www.econbiz.de/10011974655
Previous work has documented a greater sensitivity of long-term government bond yields to fundamentals in Euro area stress countries during the euro crisis, but we know little about the driver(s) of regime-switches. Our estimates based on a panel smooth threshold regression model quantify and...
Persistent link: https://www.econbiz.de/10011974869