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euro zone in the face of unsustainable debt problems, given the fact that the EMU lacks a fiscal union. Concerning Greece …-sheet effects upon a devaluation of the drachma. This paper explores what effects a euro exit would have on Greece's economy and … currencies. In this paper, Greece is considered an EME as well, and is therefore very comparable to the above examples. The Greek …
Persistent link: https://www.econbiz.de/10013033821
We examine the growth performance of six emerging economies (Brazil, China, India, Indonesia, Russia and Turkey) in the …
Persistent link: https://www.econbiz.de/10013024292
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This paper explores the synchronicity of two mega-crises we are now facing: The BP oil spill and the repercussions of the 2008 financial meltdown. It examines some key common threads in both of these crises. The overarching message is that firms must maintain a culture of social responsibility,...
Persistent link: https://www.econbiz.de/10013139528
The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...
Persistent link: https://www.econbiz.de/10012855741
The crisis that originated in mid-2007 in the United States and deepened in September 2008 is the largest peace-time disruption of financial markets since the Great Depression. It was triggered by a number of factors, namely the large amount of lending to subprime borrowers, the expansion of...
Persistent link: https://www.econbiz.de/10012445832
The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea’s financial sector in early 2009 and recovery followed relatively...
Persistent link: https://www.econbiz.de/10012446510
Water-related risks are intrinsically linked to both climate and nature challenges and can be closely tied to socio-economic challenges, such as poverty, food security, and domestic and international conflicts. There is increasing evidence that water-related risks are financially material across...
Persistent link: https://www.econbiz.de/10014435769