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Europe Needs More than a Capital Markets Union: Focus on the Integration of Euro Area Sovereign Debt Markets
Breitenfellner, Andreas; Schuberth, Helene - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 9-20
With a view to establishing a Capital Markets Union (CMU), efforts to integrate (private) capital markets and private risk-sharing in the European Union are underway. However, the single (capital) market will be burdened by a perennial potential threat to sovereign bond market stability in the...
Persistent link: https://www.econbiz.de/10012054624
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Real and Financial Integration in Europe - Evidence for the Accession States and for the Pre-Ins
Buch, Claudia M.; Döpke, Jörg - 1999
The process of European integration has gained considerable momentum during the past couple of years. This paper provides an assessment of the degree of integration of both the accession states of central and eastern Europe and of the pre-ins for monetary union with respect to Germany. Using...
Persistent link: https://www.econbiz.de/10010285355
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Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?
Lenka, Sanjaya Kumar; Barik, Rajesh - In: Financial Innovation 4 (2018) 1, pp. 1-19
Exclusion from the mainstream financial world is a burden on the poor of many countries. The proliferation of new mobile and online financial services, such as e-banking, money transfers, and payment processing has the potential to provide access to basic financial products and services to...
Persistent link: https://www.econbiz.de/10012602771
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Creating a Euro Area Safe Asset without Mutualizing Risk (Much)
Leandro, Álvaro; Zettelmeyer, Jeromin - 2019
This paper explains and evaluates three proposals to create “safe assets” for the euro area based on sovereign bonds, in which sovereign risk is limited through diversification and some form of seniority. These assets would be held by banks and other financial institutions, replacing...
Persistent link: https://www.econbiz.de/10012052872
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Narrative Oekonomik: Europa als "Transferunion" oder "Risikogemeinschaft"? Eine empirische Analyse
Neuberger, Doris; Beretta, Edoardo - 2022
Oekonomische Entwicklungen werden oft durch Narrative, d. h. populaere bzw. allgemein verstaendliche und leicht wiedergebbare Erzaehlungen, Bilder sowie Interpretationen, beeinflusst. In Debatten ueber europaeische Integration, Staatsschuldenkrise und Loesungen zur Bewaeltigung der Coronakrise...
Persistent link: https://www.econbiz.de/10014459455
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Paths to Eurobonds
Claessens, Stijn; Mody, Ashoka; Vallee, Shahin - 2012
This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financialmarkets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal...
Persistent link: https://www.econbiz.de/10010317344
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Keynes und die Finanzmärkte: Auf halbem Weg vom "homo oeconomicus" zum "homo humanus"
Schulmeister, Stephan - 2019
John Maynard Keynes war ein Ökonom, der stets zwischen der Welt der Theorien und der Realität pendelte, er prüfte und verwarf theoretische Annahmen aufgrund seiner Beobachtungen, die er wiederum als Ausgangspunkte für die Entwicklung neuer Theorien nutzte. Gleichzeitig betrieb er als...
Persistent link: https://www.econbiz.de/10012140970
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Public support for institutionalised solidarity: Europeans' reaction to the establishment of eurobonds
Daniele, Gianmarco; Geys, Benny - 2012
, the European Commission's November 2011 Green Paper discussed the introduction of Stability Bonds (or Eurobonds) that … Eurobonds, and the step towards further European fiscal integration they represent. Using a novel dataset derived from the … appear more relevant than self-interest in shaping preferences for/against Eurobonds. However, at the country level, opinion …
Persistent link: https://www.econbiz.de/10010311083
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Are There Price Bubbles in the Swedish Equity Market?
Nydahl, Stefan; Sellin, Peter - 1999
Persistent link: https://www.econbiz.de/10010321300
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A cross-sectional application of the Nelson-Siegel-Svensson model to several negative yield cases
Garcia, Maria Terese Medeiros; Carvalho, Vítor Hugo … - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-54
interest rate. An evaluation of the possible behaviour of shared debt securities (i.e. Eurobonds) was also analysed. In …
Persistent link: https://www.econbiz.de/10012657495