The current complicated economic situation in Greece - and the rising political uncertainty that once again accompanies it - has important repercussions for growth, incomes, employment and the banking system in both the short and long term. The new Greek government is trying to perform a...

The correct understanding of Greece's debt can only be obtained by using international accrual accounting standards rather than the cash-basis future face value defi nition. Changing the terms of debt changes the value of the debt in Greek governmental fi nancial statements correctly prepared...

The Greek economy of the 90's poses a unique international paradox. It combines strong economic performance that is rapid GDP growth and strong productivity growth, with a very weak performance on many other fronts that range from poor labor/product market institutions and low competitiveness,...

This chapter addresses the issue of institutional reforms for the euro area itself, elaborating on the notion and a project for a closer and more democratic union to heal economic asymmetries. This is critical for the southern euro area member-states and especially for the weakest economy among...

Much has been said about the results of the austerity program dictated in Greece by the ‘Troika'. The official creditors initially sanctioned an implementation of the agreed conditionality program (included in the Memorandum of Understanding that also provisioned the official loans to the...

In this Chapter is to give an overview of the relevant literature that also provides the necessary starting point to investigate the relationship mentioned above between policy decisions and corruption. Then in section 3.3 we examine briefly what motivates agents to engage in activities that we...

An assessment of the dynamics and importance of Greece's potential Grexit is made to point out its pivotal role during the Eurozone's current crisis. Subsequently the case of the independence movement of Quebec is examined, to argue that once perceptions about the separation from a Union –...

The note by Christopoulos re-examines the national savings-domestic investments correlation in Greece for the period 1960–2000. He applies the Johansen [Johansen, S. (1988). Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control, 8, 231–254; Johansen, S. (1991)....

In this note, the national saving–domestic investment correlation is examined in terms of an error correction model to gain some insight into the degree of capital mobility, using Greek data for the period 1960–1997. In particular, we employ cointegration analysis with an emphasis on the...