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Foreign and public deficits in Greece : in search of causality
Nikiforos, Michalis; Carvalho, Laura; Schoder, Christian - 2013
This paper analyzes the trajectories of the Greek public deficit and sovereign debt over the last three decades and their connection to the political and economic environment, paying special attention to the causality between the public and the foreign deficit. The authors argue that, from 1980...
Persistent link: https://www.econbiz.de/10009773471
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The Greek public debt problem
Nikiforos, Michalis; Papadimitriou, Dimitri Basil; … - 2016
of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show … solution of the Greek and wider European crisis. A broader agenda that deals with the malaises of the Greek economy and the …
Persistent link: https://www.econbiz.de/10011481630
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Regional integration and the euro crisis : problems and solutions
Pessoa, Argentino - 2013
example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It … is evident that the proposed solutions for attacking the crisis have hurt the European cohesion making more and more … solution, and the recurrent EU proclamations of "policies to restore European growth", the crisis in the EZ looks more and more …
Persistent link: https://www.econbiz.de/10011515832
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The signaling role of fiscal austerity
Gibert, Anna - 2016
I build a model where creditworthy countries may use fiscal austerity to communicate their ability to repay sovereign debt and show that the signaling channel is active only for high levels of asymmetric information. The model generates a negative association between the amount of public...
Persistent link: https://www.econbiz.de/10011564643
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Persistent unemployment, sovereign debt crises, and the impact of haircuts
Prein, Timm M. - 2019
capacities to serve public debt will decline, aggravating a sovereign debt crisis. Debt renegotiations can help to avoid the …
Persistent link: https://www.econbiz.de/10012317627
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Eurozone : the untold economics
Hatgioannides, John; Karanassou, Marika; Sala, Hector - 2013
This paper dwells on the Eurozone woes and addresses the origins of the transition from a fictitious boom to a painful bust by unravelling (i) the supply-side structural imbalances that formed the core-periphery economic divide, and (ii) the necessity of the periphery's sovereign debt to finance...
Persistent link: https://www.econbiz.de/10009687800
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Double-dip recession over, yet no boom in sight
Astrov, Vasily (contributor); Gligorov, Vladimir (contributor) - 2013
crisis. At the same time, the private sector demand in the CESEE countries is unlikely to recover substantially in the near …
Persistent link: https://www.econbiz.de/10009722030
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Success Factors in the Fiscal Consolidation Process
Postuła, Marta - 2017
circumstances. The recent crisis (2007–2008) revealed the weakness of the established economic theories, also as regards fiscal …
Persistent link: https://www.econbiz.de/10012957056
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A Critical-Realist Account of the Greek Crisis
Andreou, Akrivi - 2016
We try to explain the origins and the dynamics of the sovereign debt crisis in Greece, in the context of critical … realist economics. The origins of the Greek crisis are discovered in the global credit crisis of 2007 and are rooted in the … the outbreak of the crisis in late 2009 until the return of the Greek government to bond markets in April 2014. We discuss …
Persistent link: https://www.econbiz.de/10013004958
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These little PIIGS went to market : enterprise policy and divergent eecovery in European periphery
Brazys, Samuel; Regan, Aidan - 2015
Persistent link: https://www.econbiz.de/10011416241