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Foreign Direct Investment, Sovereign Debt and Growth : Evidence for the Euro Area
Tan, Ai-Lian - 2017
interest of this study casts doubt on the role of sovereign debt towards the linkage between FDI and economic growth. To this … end, this study aims to assess the effects of debt on growth through the channel of FDI in European countries by applying … Pooled Mean Group (PMG) estimation. The empirical findings, by and large, suggest that a lower growth performance is evident …
Persistent link: https://www.econbiz.de/10012971348
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The Drivers of Pension and Sovereign Fund Investment in Energy- Focusing on Natural Gas and Gas Infrastructure
Bazi, Vincent; Firzli, M. Nicolas J. - 2022
World Pensions Council cofounders Vincent Bazi and M. Nicolas J. Firzli analyse the rise of natural gas as a new asset class for pension and sovereign fund stakeholders in light of the geo-institutional dynamics underpinning asset allocation and investment decisions in an era of macroeconomic...
Persistent link: https://www.econbiz.de/10013492731
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The Euro Area Crisis and Cross-Border Bank Lending to Emerging Markets
Avdjiev, Stefan - 2013
Cross-border bank lending to emerging markets dropped sharply in the second half of 2011 as the euro area crisis intensified. We use the BIS international banking statistics to identify the key drivers of this decline. Our results indicate that the latest contraction in cross-border bank lending...
Persistent link: https://www.econbiz.de/10013088016
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Creditor Moral Hazard During the EMU Debt Crisis
Bratis, Theodore D. - 2015
A recent line of research deals with the formulation, the justification and the modelling of a crisis triggered by involved economic agents. Modelling financial crises within an asymmetric information environment is argued to be a difficult task since the measurement of adverse selection and/or...
Persistent link: https://www.econbiz.de/10013022900
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The IMFs role in sovereign debt restructurings (ECB Occasional Paper No. 2021/262)
Committeri, Marco; Vonessen, Benjamin; Spadafora, Francesco - 2021
The global recession caused by the COVID-19 pandemic and the resulting deterioration in many countries’ public finances have increased the risk of sovereign debt crises. Although crisis prevention remains paramount, these developments have made it imperative to re-examine the adequacy of the...
Persistent link: https://www.econbiz.de/10013313846
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On creditor seniority and sovereign bond prices in Europe : conference paper
Steinkamp, Sven; Westermann, Frank - 2013
The recent increase of interest rate spreads in Europe and their apparent detachment from underlying fundamental variables has generated a debate on multiple equilibria in the sovereign bond market (see De Grauwe and Ji (2012)). We critically evaluate this hypothesis, by pointing towards an...
Persistent link: https://www.econbiz.de/10010341164
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Regulation, trade and economic growth
Königer, Jens Olaf; Silberberger, Magdalena - 2015
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
Persistent link: https://www.econbiz.de/10011298539
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Economic convergence in the EU : a complexity approach
Ertan Özgüzer, Gül; Oğus̜, Ayla - 2015
economic complexity indicator is a good predictor of economic growth. Our results suggest that a group of countries in the EU … on growth for a second group of countries with lower levels of complexity. We also find that income convergence is faster …
Persistent link: https://www.econbiz.de/10011536737
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Austerity Measures Impact on Entrepreneurship, Employment as Well as Income Distribution : A Panel Data Analysis in EU
Georgiou, Miltiades N. - 2012
In the present paper a discussion will be made about the crucial topic of fostering entrepreneurship as the cornerstone of capitalism (by avoiding too hard austerity measures and helping instead entrepreneurship in various ways) so as to make corporations profitable and ultimately create jobs,...
Persistent link: https://www.econbiz.de/10013096766
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Revisiting the Monetary Presentation of the Euro Area Balance of Payments
Picón Aguilar, Carmen - 2020
We explain how the external counterpart of the euro area M3 can be analysed by using the euro area balance of payments (b.o.p.). This is possible because the net external assets of the monetary financial institutions (MFIs) are present in two statistical frameworks that follow similar...
Persistent link: https://www.econbiz.de/10012841808