Similar Search Results

Ehnts, Dirk H. - 2020

In this paper, the focus lies on the way the German government spends, how it spends and what the connection between finance ministry and central bank is. The institutions involved in the process are identified and discussed. As a member of the Eurozone, Germany's national central bank is not...

Persistent link: https://www.econbiz.de/10012201485

Monetary independence and rollover crises

Bianchi, Javier; Mondragon, Jorge - 2018

Persistent link: https://www.econbiz.de/10011967428

Government guarantees and the two-way feedback between banking and sovereign debt crises

Leonello, Agnese - 2017

This paper studies the effects of government guarantees on the interconnection between banking and sovereign debt crises in a framework where both the banks and the government are fragile and the credibility and feasibility of the guarantees are determined endogenously. The analysis delivers...

Persistent link: https://www.econbiz.de/10011648311

Debt sustainability and the terms of official support

Corsetti, Giancarlo; Erce, Aitor; Uy, Timothy - 2018

Persistent link: https://www.econbiz.de/10012037784

Monetary policy under a fiscal theory of sovereign default

Schabert, Andreas - 2009

This paper examines equilibrium determination under different monetary policy regimes when the government might default on its debt. We apply a cash-in-advance model where the government does not have access to non-distortionary taxation and does not account for initial outstanding debt when it...

Persistent link: https://www.econbiz.de/10011379355

Modern Financial Repression in the Euro Area Crisis : Making High Public Debt Sustainable?

van Riet, Ad - 2019

legislation, EMU crisis support and ECB monetary policy have significantly contributed to relieving sovereign liquidity and …

Persistent link: https://www.econbiz.de/10014116245

An outline of a progressive resolution to the euro-area sovereign debt overhang : how a five-year suspension of the debt burden could overthrow austerity

Sōtēropulos, Dēmētrēs P.; Mēlios, Giannēs G.; … - 2014

The present study puts forward a plan for solving the sovereign debt crisis in the euro area (EA) in line with the interests of the working classes and the social majority. Our main strategy is for the European Central Bank (ECB) to acquire a significant part of the outstanding sovereign debt...

Persistent link: https://www.econbiz.de/10010432271

The Portuguese Banking System During the Sovereign Debt Crisis

Crosignani, Matteo - 2015

We describe the evolution of balance sheets of monetary financial institutions (MFI) in Portugal before, during, and after the sovereign debt crisis of the late 2000's. We account for several dimensions of heterogeneity including size, type, and nationality. We find that the Portuguese MFI...

Persistent link: https://www.econbiz.de/10013018683

Treasury Safety, Liquidity, and Money Premium Dynamics : Evidence from Recent Debt Limit Impasses

Cashin, David B. - 2020

Treasury securities normally possess unparalleled safety and liquidity and, consequently, carry a money premium. We use … the money premium, safety, and liquidity. Our results shed light on Treasury market dynamics specifically, and debt more …. Meanwhile, changes in liquidity only affected the money premium during the impasses. Next, we show that Treasury safety and …

Persistent link: https://www.econbiz.de/10012834175

Balance sheets and debt crises : empirical regularities for modern cases of sovereign distress

Huertas Laverde, Gonzalo; Meyer Cirkel, Alexis - 2021

Public and private sector balance sheets are an important component to any analysis of debt sustainability. A vulnerable and indebted private sector can become a sudden liability for the government; alternatively, resilient household and bank balance sheets may reveal potential sources of...

Persistent link: https://www.econbiz.de/10012613508

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