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follows. First, Unlike the US subprime crisis which affected all European sovereign risks, the Greek crisis is largely a …
Persistent link: https://www.econbiz.de/10011731038
intensification of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable … due to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …
Persistent link: https://www.econbiz.de/10010400778
European banks have been criticized for holding excessive domestic government debt during the recent Eurozone crisis … covering the entire timeline of the Eurozone crisis, I first re-confirm that the crisis led to the reallocation of sovereign …
Persistent link: https://www.econbiz.de/10012123037
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
-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spillover effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …
Persistent link: https://www.econbiz.de/10011605674
the 2011-13 Euro crisis, the quality of services and level of regulation did not deteriorate or indeed improved …, increasing convergence with the core Euro countries. However, the debt crisis dramatically worsened citizens’ perceptions of … quality of governance as well as the level of social trust. The very different approach followed with the Covid crisis might …
Persistent link: https://www.econbiz.de/10012585461
characterised by a weakened link between spreads and fundamentals, but with higher spreads relative to the pre-crisis period and …
Persistent link: https://www.econbiz.de/10011735972
a weakened link between spreads and fundamentals, but with higher spreads relative to the pre-crisis period and residual … reversing the dynamics of the European sovereign debt crisis. …
Persistent link: https://www.econbiz.de/10011759005
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
, respond more quickly to crisis occurrences than those based on in-sample methods. The resulting relative and absolute …
Persistent link: https://www.econbiz.de/10010503874