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The paper aims to argue the importance of the external debt and of its structure for the management of macroeconomic policies. The survey focused on the period 2006-2017, in order to reveal the effects of Romania's joining the European Union on the trend of the external debt of and of its...
Persistent link: https://www.econbiz.de/10011964947
Российскую версию этой статьи можно найти в: http://ssrn.com/abstract=3941743 The EFSD Chief Economist Group continues the series of working papers on global financial safety net (GFSN) functioning. This working paper provides the analysis how the GFSN...
Persistent link: https://www.econbiz.de/10013324172
Wissenschaftler fürchten, dass in diesem Fall die Eurozone Schaden nimmt oder sogar zusammenbricht. Wie ein erfolgreicher Austritt …The exit of a member state from the eurozone is often depicted as a catastrophic event that would lead to … the basis of a basket consisting of the euro and the new currency. In the remaining eurozone countries, the relative …
Persistent link: https://www.econbiz.de/10010344155
The continued debate on even the softened Stability and Growth Pact (SGP) highlights that the question of public debt in the European Monetary Union (EMU) needs further scrutiny. Both political economy models for emerging market sovereign debt and exchange rate regimes, as well as models on...
Persistent link: https://www.econbiz.de/10003401984
's vulnerability to asymmetric shocks. Greece's decision to remain enhances the prospects for Eurozone reform …
Persistent link: https://www.econbiz.de/10012849282
’s vulnerability to asymmetric shocks. Greece’s decision to remain enhances the prospects for Eurozone reform. …
Persistent link: https://www.econbiz.de/10012176229
The paper discusses the seriousness of current account imbalances in the last few decades in Europe, with a particular focus on the European Monetary Union. A closer look at the development of current accounts in European economies suggests the existence of some serious structural problems that...
Persistent link: https://www.econbiz.de/10009505479
When the first phase of the crisis focused primarily on the interbank market volatility, the second phase spread on the instability of public finance. Although the overall stance of public finances of the new members is better than the old member countries, the differences within the new group...
Persistent link: https://www.econbiz.de/10013135092
Persistent link: https://www.econbiz.de/10011528256
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