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Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10011430901
On October 24, 2003, SUERF celebrated its 40th anniversary in the Galerie Dorée of the Banque de France with an especially high level and rich seminar. The memorable occasion was further elevated by Jean Claude Trichet giving the tenth SUERF Annual Lecture in his last public speech as Governor...
Persistent link: https://www.econbiz.de/10011689913
focus on the ways of financing offered by credit institutions. Thus, we will identify the main sources of financing … their SME clients. In other words, they try to offer a broader range of products, better service quality and better prices …
Persistent link: https://www.econbiz.de/10012016917
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
This paper provides insights into the determinants of currency choice in cross-border bank lending, such as bilateral distance, financial and trade linkages to issuer countries of major currencies, and invoicing currency patterns. Cross-border bank lending in US dollars, and particularly in...
Persistent link: https://www.econbiz.de/10014543649
This paper extends the work of Kaminsky and Schmukler (2003) to the Baltic and Central Eastern European future Member States of the European Union, to test if the same short-run increase in cyclical volatility arising from financial integration is observed in this specific sample of ?emerging...
Persistent link: https://www.econbiz.de/10010295650
Within the last decade sizeable capital inflows from mature economies were accompanied by rapid financial deepening in the Western Balkans, Turkey and the CIS. Notwithstanding their considerably different initial positions most countries sustained financial stability in the first period of the...
Persistent link: https://www.econbiz.de/10010298965
Unser wichtigstes Anliegen in dem vorliegenden Beitrag ist nicht die Prognose der zukünftigen Entwicklung der Europäischen Union, sondern die Erhellung der Optionen und Handlungsalternativen, vor denen die Union steht. Dazu gehört auch eine Diskussion der Frage, wie sie in die gegenwärtige...
Persistent link: https://www.econbiz.de/10010334483
The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly...
Persistent link: https://www.econbiz.de/10010397311
-term credit flows can be excessive and reverse suddenly. The equilibrium outcome is constrained inefficient due to pecuniary …
Persistent link: https://www.econbiz.de/10010480876