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Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe market failures prevent SMEs in southern euro area...
Persistent link: https://www.econbiz.de/10010255130
signifikant höhere Sollzinsen als ihre Wettbewerber im Kern der Eurozone (z.B. Deutschland, Frankreich). Und diese Divergenz wird …
Persistent link: https://www.econbiz.de/10009779172
results do not indicate that credit is restricted if interest rates move towards the zero-lower bound. …
Persistent link: https://www.econbiz.de/10012063954
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and comparing them to actual real rates. Since the...
Persistent link: https://www.econbiz.de/10011894437
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and comparing them to actual real rates. Since the...
Persistent link: https://www.econbiz.de/10011799334
Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and comparing them to actual real rates. Since the...
Persistent link: https://www.econbiz.de/10012131206
This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
Persistent link: https://www.econbiz.de/10011570812
This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
Persistent link: https://www.econbiz.de/10011582248
This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
Persistent link: https://www.econbiz.de/10012111060
Persistent link: https://www.econbiz.de/10001635891