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currency depreciations. The increase in investments has been financed mainly via debt issues. The evidence provided here … Monetary Union (EMU) ; the euro ; valuation ; investment ; debt ; equity ; cost of capital ; currency risk …
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In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency in Europe. We use corporate-evel data from ten countries that adopted the euro, the three EU countries that did not start using the euro, as well as Norway and Switzerland. We...
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expansions in the small Euro-area open economies affected by high public and private debt. It is shown that the macroeconomic … outcome of fiscal shocks is strongly related to debt levels. The Euro-area countries included in the investigation are Greece … Debt Euro Area Countries -- 5 A Further Look To Macroeconomic Outcomes of Fiscal Austerity in High Debt Countries -- 6 Can …
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This dataset presents statistics on government debt defined by the Maastricht Treaty. In the Protocol on the excessive … deficit procedure annexed to the Maastricht Treaty, government debt is defined as the debt of the whole general government …
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1. A gaint historic mistake? -- 2. Before the fall -- 3. Freece and the idolatry of debt -- 4. Ireland: the private is … political -- 5. Europe digs deeper -- 6. Righting the course: from bail-out to bail-in -- 7. If Europe dared to write down debt …
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