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Persistent link: https://www.econbiz.de/10010291784
Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires structural reform and public investment. Given the limited availability of political and financial capital, prioritising reform efforts and spending is important, but difficult....
Persistent link: https://www.econbiz.de/10010293571
Greece, Portugal and Spain face a serious risk of external solvency due to their close to minus 100 percent of GDP net negative international investment positions, which are largely composed of debt. The perceived inability of these countries to rebalance their external positions is a major root...
Persistent link: https://www.econbiz.de/10010293591
Greece could be mitigated by foreign bank ownership and proper liquidity support measures. The direct spillover impact on the …
Persistent link: https://www.econbiz.de/10010293592
Stress in the interbank market has increased dramatically since July and bank stock market valuation has fallen by 22 … percent on average for 60 of the most important banks tested in the EBA stress tests. I find evidence that bank stock … valuation is significantly and economically meaningfully affected by the bank's exposure to Greek debt. Greek banks are …
Persistent link: https://www.econbiz.de/10010293594
loans, the exchange of European Central Bank holdings, buy-back of privately-held debt, and frontloading of some …
Persistent link: https://www.econbiz.de/10010293596
Recently a variety of exchange and interest rate models capturing the dynamics during the transition from an exchange rate arrangement of floating rates into a currency union have been derived. While these stochastic equilibrium models in continous time are theoretically rigorous, a systematic...
Persistent link: https://www.econbiz.de/10010295377
increased central bank intervention activities in the run-up to the Greek EMU entrance. Thus the modelling and estimation …
Persistent link: https://www.econbiz.de/10010295399
We use a survey method designed to capture whether the consumption sharing ability of households varies systematically at different levels of well being. Evidence from Cyprus reconfirms our previous results from other countries, that household consumption economies of scale increase as the...
Persistent link: https://www.econbiz.de/10010296361
Contents: i - Angela Bergschmidt, Walter Dirksmeyer and Bernhard Forstner - Proceedings of the European Evaluation Workshop – Foreword -- PAPERS PRESENTED IN THE PLENARY SESSIONS -- 3 - Stefan Meyer - Methods for the Evaluation of Investment Support -- 15 - Andrea Pufahl - Programme Evaluation...
Persistent link: https://www.econbiz.de/10010301100