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This paper examines the capital flow experience of transition economies which are also prospective EU members with a view to shedding light on the likely problems they might encounter with exchange rate policy in the run up to euro area membership. We show that they have been experiencing fairly...
Persistent link: https://www.econbiz.de/10014070023
Persistent link: https://www.econbiz.de/10014175008
This paper draws on the experience of emerging Europe and argues that foreign capital is an enviable development … led to a buildup of vulnerabilities and now exposes emerging Europe to prolonged uncertainty and financial deleveraging … emerging Europe pursue a policy of self-insurance. Instead, what we refer to as an acyclical fiscal policy stance could serve …
Persistent link: https://www.econbiz.de/10009530221
This paper draws on the experience of emerging Europe and argues that foreign capital is an enviable development … led to a buildup of vulnerabilities and now exposes emerging Europe to prolonged uncertainty and financial deleveraging … emerging Europe pursue a policy of self-insurance. Instead, what we refer to as an acyclical fiscal policy stance could serve …
Persistent link: https://www.econbiz.de/10013106857
Questo articolo raccoglie i contributi della Tavola Rotonda "Conviene all'Europa salvare la Grecia?", organizzata dal … roundtable "Does Europe need to bailout Greece?", organized by the Money and Finance Research group (MoFiR) and held at the …
Persistent link: https://www.econbiz.de/10009401053
We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially...
Persistent link: https://www.econbiz.de/10011338111
We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially...
Persistent link: https://www.econbiz.de/10011339163
risk. Aggregate data from 2009Q1 to 2019Q3 indicate three major developments. First, the deleveraging process in Europe has … programs have only partially achieved their goal of lowering financial dollarization in Central and Eastern Europe. Lastly …
Persistent link: https://www.econbiz.de/10012840025
We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially...
Persistent link: https://www.econbiz.de/10011344732
The European and Asian financial crises are the two most recent major regional crises. This paper compares their origins and evolution. The origins of the two sets of crises were different in some respects, but broadly similar. The two sets of crises also shared similarities in their evolution,...
Persistent link: https://www.econbiz.de/10013074003