Showing 1 - 10 of 349
and by the same token the stability of the Eurozone. …
Persistent link: https://www.econbiz.de/10010463347
In this paper we provide empirical evidence documenting the nature of the Eurozone's fragility. We find that during … periods of turmoil, financial markets have tended to impose strong programs of austerity on member countries of the Eurozone … present in the Eurozone. Our policy conclusion is that the institutional changes that have been introduced in the Eurozone …
Persistent link: https://www.econbiz.de/10010472677
Persistent link: https://www.econbiz.de/10011478434
Persistent link: https://www.econbiz.de/10010496466
Persistent link: https://www.econbiz.de/10010496474
Persistent link: https://www.econbiz.de/10009572599
Persistent link: https://www.econbiz.de/10011346960
Persistent link: https://www.econbiz.de/10009659537
The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are also responsible for financial stability. An essential tool in maintaining financial stability is provided by the capacity of the central bank to be the lender of last resort in...
Persistent link: https://www.econbiz.de/10009793389
This paper asserts that the contagion currently afflicting sovereign bond markets in the eurozone can only be stopped … contagion in the eurozone's sovereign bond markets have not been stopped …
Persistent link: https://www.econbiz.de/10013119478