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economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … then the busts including Sudden Stops in capital flows; the strong interaction between sovereign debt and domestic banking … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …
Persistent link: https://www.econbiz.de/10011314157
economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … then the busts including Sudden Stops in capital flows; the strong interaction between sovereign debt and domestic banking … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …
Persistent link: https://www.econbiz.de/10011286667
economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … then the busts including Sudden Stops in capital flows; the strong interaction between sovereign debt and domestic banking … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …
Persistent link: https://www.econbiz.de/10011065621
and, where needed, restructuring to resolve banking crises and the debt overhang. Latin America's experience yields …: euro-zone countries following suit by reintroducing devalued national currencies would invite catastrophe. Despite this …
Persistent link: https://www.econbiz.de/10013086642
crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances …This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro … had remained unchecked prior to the crisis. As those imbalances eventually imploded, member states were found to be …
Persistent link: https://www.econbiz.de/10011894027
vehicle for the central funding of public investment through the issuance of common Euro Treasury debt securities. … that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into …
Persistent link: https://www.econbiz.de/10011349470
depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …
Persistent link: https://www.econbiz.de/10009757118
The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators … on the topic, analyses the causes for sovereign debt crisis and presents the implications of sovereign debt crises and …
Persistent link: https://www.econbiz.de/10013082025
debt crisis, elections in European countries have stronger contagion effects in their own region during a global slowdown …
Persistent link: https://www.econbiz.de/10009781196
We develop a simple model that looks at the incentives of private banks to behave prudentially and undertake costly efforts to lower the probability of bankruptcy or having to be bailed out by a lender of last resort. Government regulators can force banks to increase efforts beyond the privately...
Persistent link: https://www.econbiz.de/10003274864