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The collateral policy of central banks : an analysis focusing on the eurosystem
Weber, Christopher - 2016
Königreich oder Japan, wesentlich unterscheiden. Im Ergebnis kann für die Eurozone auf eine Umverteilung zugunsten der …
Persistent link: https://www.econbiz.de/10011741966
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The collateral policy of central banks : an analysis focusing on the Eurosystem
Weber, Christopher - Ifo Institut - 2016
This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...
Persistent link: https://www.econbiz.de/10011575983
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How to Destroy a Country. Economics and Politics of the Greek Crisis
Kolodko, Grzegorz W. - 2017
The economic future of Europe, with its obvious implications for the world economy, depends on the combination of many processes, not only strictly economic ones. Currently, the situation is becoming quite complicated, with a number of particularly adverse tendencies overlapping and mutually...
Persistent link: https://www.econbiz.de/10012947676
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The Collateral Policy of Central Banks - An Analysis Focusing on the Eurosystem
Weber, Christopher - 2016
This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...
Persistent link: https://www.econbiz.de/10011698362
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Twenty years of the German euro are more than enough
Bibow, Jörg - 2018
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027
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Modern Financial Repression in the Euro Area Crisis : Making High Public Debt Sustainable?
van Riet, Ad - 2019
The sharp rise in public debt-to-GDP ratios in the aftermath of the financial crisis of 2008 posed serious challenges for fiscal policy in the euro area countries and culminated for some member states in a sovereign debt crisis. This note examines the public policy responses to the euro area...
Persistent link: https://www.econbiz.de/10014116245
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Liquidity funding shocks : the role of banks' funding mix
Alvarez, Antonio M.; Fernández, Alejandro; … - 2019
This study attempts to evaluate the impact of an increase in banks' funding stress and its transmission to the real economy, taking into account different funding sources banks can rely on. Using aggregate data from eight Euro area financial systems, we find that following a liquidity funding...
Persistent link: https://www.econbiz.de/10012004718
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Did fiscal consolidation cause the double dip recession in the euro area?
Heimberger, Philipp - 2015
This paper analyses the short-run effects of fiscal consolidation measures on economic activity in the euro area during the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity measures during 2011-2013. The main empirical finding is...
Persistent link: https://www.econbiz.de/10011778844
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Going forward from B to A? : proposals for the Eurozone crisis
Amato, Massimo; Fantacci, Luca; Papadimitriou, Dimitri Basil - 2016
After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments to eurozone institutions and the International Monetary Fund. We show … that the introduction of fiscal currencies would speed up the recovery, without violating the rules of eurozone treaties …
Persistent link: https://www.econbiz.de/10011481615
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Going forward from B to A? : proposals for the Eurozone crisis
Amato, Massimo; Fantacci, Luca; Papadimitriou, Dimitri Basil - In: Economies : open access journal 4 (2016) 3, pp. 1-14
After reviewing the main determinants of the current Eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments with Eurozone institutions and the IMF. We show that the introduction … of fiscal currencies would speed up the recovery, without violating the rules of Eurozone Treaties. At the same time …
Persistent link: https://www.econbiz.de/10011542675