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disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10010478924
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is …
Persistent link: https://www.econbiz.de/10010484712
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10010265233
reform the Eurozone. We propose a focus on general principles for fiscal governance reform aiming at a better economic …
Persistent link: https://www.econbiz.de/10014565890
In summer 2007, the US subprime crisis emerged and economic growth in industrialised countries started to slow down. The situation deteriorated after the default of Lehman Brothers in September 2008 and despite massive government interventions, the United States and most European countries slid...
Persistent link: https://www.econbiz.de/10010352583
Persistent link: https://www.econbiz.de/10014306476
How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a Difference-in-Difference (DID) approach to investigate whether services trade became more digital after the Global Financial Crisis (GFC) in 2008. It finds that the...
Persistent link: https://www.econbiz.de/10014327353
In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could …
Persistent link: https://www.econbiz.de/10010274942
World trade contracted sharply in late 2008 and early 2009 following the deepening of the financial crisis in September 2008. This paper discusses the main mechanisms behind the global downturn in trade and its impact on euro area exports and competitiveness. It finds that the euro area was hit...
Persistent link: https://www.econbiz.de/10011606271