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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 …
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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...
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This note examines whether subjective general health in Europe has changed since the onset of the economic crisis … worsened morbidity in Europe. …
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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 …
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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