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way for Europe to sanction Russian energy would not be an embargo, but the introduction of an import tariff that can be …
Persistent link: https://www.econbiz.de/10013372906
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Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not prevented Putin from ordering an invasion of Ukraine in February 2022, in the overall picture, they have significantly weakened Russia's ability to wage war. This paper...
Persistent link: https://www.econbiz.de/10014334680
Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not prevented Putin from ordering an invasion of Ukraine in February 2022, in the overall picture, they have significantly weakened Russia’s ability to wage war. This paper...
Persistent link: https://www.econbiz.de/10014025903
Financial sanctions are key in enforcing restrictions on Russian energy exports - in particular the G7/EU oil price cap regime - due to financial institutions' critical role in cross-border transactions. While the energy sanctions regime is having an impact on export earnings and budget...
Persistent link: https://www.econbiz.de/10014320393
Fiscal rules, such as the excessive deficit procedure and the stability and growth pact (SGP), aim at constraining government behavior. Milesi-Ferretti (2003) develops a model in which governments circumvent such rules by reverting to creative accounting. The amount of this creative accounting...
Persistent link: https://www.econbiz.de/10002515704
Persistent link: https://www.econbiz.de/10002517595
Critics of ECB loose monetary policy warn against the risk that this policy squeezes banks' profits, which could ultimately lead to higher lending rates and lower credit supply. This discussion has arisen in the euro area in particular, as banks' profitability is low on average and some banks...
Persistent link: https://www.econbiz.de/10015291716
Critics of ECB loose monetary policy warn against the risk that this policy squeezes banks' profits, which could ultimately lead to higher lending rates and lower credit supply. This discussion has arisen in the euro area in particular, as banks' profitability is low on average and some banks...
Persistent link: https://www.econbiz.de/10015291719
This study provides a systematic evaluation of financial assistance for Greece, Ireland, Portugal and Cyprus. All four programmes, and in particular the Greek one, are very large financially compared to previous international programmes because macroeconomic imbalances and the loss of price...
Persistent link: https://www.econbiz.de/10015303597