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We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The … crisis and the first programme's (2010-11) failure were mainly the result of misguided internal policies. The second … programme (2012-14) achieved progress towards recovery but this was fragile and was cancelled out by Greece's stand-off with her …
Persistent link: https://www.econbiz.de/10011384358
debt and currency crisis. The model is built on two essential blocks: first, erratic macroeconomic policymaking in Greece … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area …Against the backdrop of the Greek three-act tragedy, we present a theoretical framework for studying Greece’s recent …
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with the COVID-19 emergency by shifting Agamben's paradigm of the 'homo sacer' to the 'sacertas' of the Euro. In this frame …, after describing the Euro as a currency (nomisma) lacking in an appropriate nomos to give member states (economic) credit …
Persistent link: https://www.econbiz.de/10012835079
The paper explores empirically the tight links between exchange rates and the global network of equity holdings. Exchange rates can be expressed in terms of "equity net currency supplies", i.e. local currency stock market capitalization minus equity holdings, denominated in investors'...
Persistent link: https://www.econbiz.de/10015072944
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 … underlining the plausibility of the argument. Despite numerous complications, a euro exit could have been beneficial for Greece …
Persistent link: https://www.econbiz.de/10013033821
, most of the correction is of a permanent nature, which means that the relatively high deficits of the pre-crisis period are …
Persistent link: https://www.econbiz.de/10014077848