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Europe needs more than a Capital Markets Union : focus on the integration of euro area sovereign debt markets
Breitenfellner, Andreas; Schuberth, Helene - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 9-20
With a view to establishing a Capital Markets Union (CMU), efforts to integrate (private) capital markets and private risk-sharing in the European Union are underway. However, the single (capital) market will be burdened by a perennial potential threat to sovereign bond market stability in the...
Persistent link: https://www.econbiz.de/10012051172
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Sovereign contagion in Europe : evidence from the CDS market
Manasse, Paolo; Zavalloni, Luca - 2013
This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …
Persistent link: https://www.econbiz.de/10011731038
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Eurozone Sovereign Contagion : Evidence from the CDS Market (2005–2010)
Kalbaska, Alesia - 2017
the Eurozone. The adjusted correlation analysis confirms that Greece and other PIIGS (even Spain and Italy) have lower …
Persistent link: https://www.econbiz.de/10012965163
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Is the ‘Euro Bond’ the Answer to the Euro Sovereign Debt Crisis? What Outcome Can Investors Expect Out of Europe?
Matziorinis, Kenneth N. - 2012
This paper analyzes the causes of the sovereign debt crisis in the eurozone and examines the policy alternatives …
Persistent link: https://www.econbiz.de/10013111171
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Sovereign Debt Repatriation During Crises
Arslanalp, Serkan; Sunder-Plassmann, Laura - 2022
We use a new, comprehensive data set on the sovereign debt investor base to document three novel empirical facts: (i) sovereign debt is repatriated - that is, shifted from external private to domestic investors - prior to sovereign defaults; (ii) not all crises are equal: evidence for...
Persistent link: https://www.econbiz.de/10013288911
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Sovereign Debt
Martinez, Leonardo; Roch, Francisco; Roldán, Francisco; … - 2022
This paper surveys the literature on sovereign debt from the perspective of understanding how sovereign debt differs from privately issue debt, and why sovereign debt is deemed safe in some countries but risky in others. The answers relate to the unique power of the sovereign. One the one hand,...
Persistent link: https://www.econbiz.de/10014081238
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Fiscal and monetary policy determinants of the Eurozone crisis and its resolution
Dabrowski, Marek - 2012
quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …
Persistent link: https://www.econbiz.de/10011430901
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Staatsschuldenkrise: Zeitbombe für die Währungsunion?
Homburg, Stefan; Hefeker, Carsten; Keuschnigg, Christian; … - In: ifo Schnelldienst 67 (2014) 15, pp. 3-30
? Stefan Homburg, Universität Hannover, ist skeptisch. Seiner Ansicht nach steckt die Eurozone in einer Zwickmühle. Etliche … Wirtschaftswachstum in Südeuropa, das aber unrealistisch sei. Wer die Lage der Eurozone nüchtern betrachte, müsse angesichts der Zunahme …
Persistent link: https://www.econbiz.de/10011693685
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Zum Umgang der Europäischen Währungsunion mit reformunwilligen Eurostaaten
Matthes, Jürgen; Schuster, Thomas - In: ifo Schnelldienst 68 (2015) 04, pp. 13-18
Jürgen Matthes, Institut der deutschen Wirtschaft Köln, und Thomas Schuster, Duale Hochschule Baden-Württemberg Mannheim, befassen sich in ihrem Kommentar mit der Frage, wie die EWU mit reformunwilligen Staaten umgehen soll, wenn eine Einstellung von Hilfszahlungen möglicherweise auch zu...
Persistent link: https://www.econbiz.de/10011693779
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Eurokrise: Sollten flexible Wechselkurse innerhalb bestimmter Bandbreiten zwischen den Euroländern möglich sein?
Jordan, Helmuth; Mayer, Thomas - In: ifo Schnelldienst 68 (2015) 06, pp. 3-8
. Selbst wenn noch weitere Staaten in der Eurozone einen ähnlichen Abwertungsantrag stellen sollten, wären die Konsequenzen …
Persistent link: https://www.econbiz.de/10011693795