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Persistent link: https://www.econbiz.de/10003940358
This paper discusses the global financial crisis of 2008/9 in thirteen countries, the ten new EU members that previously were communist and the three countries of Western former Soviet Union. Their problems were excessive current account deficits and private foreign debt, currency mismatches,...
Persistent link: https://www.econbiz.de/10003915667
. In Mittel- und Osteuropa, Ostasien, Lateinamerika und den rohstoffexportierenden Ländern werden Wachstumsprozesse durch …, schienen die Grenzen des kapitalmarktbasierten Wachstumsmodells absehbar. Michael Knogler, Osteuropa-Institut, Regensburg … Auslandsengagements in Mittel- und Osteuropa deutlich zurückfahren, so dass eine Reduzierung des Potentialwachstums und damit eine …
Persistent link: https://www.econbiz.de/10003947372
Despite the large output declines suffered by emerging Europe in 2008-09, a major currency and banking crisis was avoided. This paper argues that European economic and political integration was a mitigating factor in this. Cross-border banking groups, in particular, seem to have forestalled a...
Persistent link: https://www.econbiz.de/10013148962
Persistent link: https://www.econbiz.de/10009231308
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This paper analyses how the financial crisis has affected task of meeting the Maastricht Criteria for the eight Central and Eastern European Countries which have yet to join the euro. It identifies the channels by which the crisis has fed through to deficits, debt, interest rates and inflation...
Persistent link: https://www.econbiz.de/10013119262
The bilateral foreign portfolio equities among Euro area members have shrunk by 40 percent after 2007. While both the financial crisis and the enlargement are potentially responsible of this abrupt and persistent contraction in financial integration, our work detects a major role for the crisis....
Persistent link: https://www.econbiz.de/10012840943