Als griechischer Finanzminister löste Varoufakis eine der spektakulärsten und kontroversesten Auseinandersetzungen der jüngsten politischen Geschichte aus, als er versuchte, die Beziehung seines Landes mit der EU neu zu verhandeln. Trotz der massenhaften Unterstützung seitens der...

This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...

This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...