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Reducing sovereign debt levels in the post-Covid Eurozone with a simple deficit rule
Jost, Thomas; Tödter, Karl-Heinz - 2021
Debt levels in the eurozone have reached new record highs. The member countries have tried to cushion the economic … as well as with the hypothetical application of the new fiscal rule to eurozone economies from 2022 to 2026. Finally, we … take up the recent proposal by ESM economists to increase the permissible debt ratio from 60 to 100% of GDP in the eurozone. …
Persistent link: https://www.econbiz.de/10012798538
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Debt sustainability analysis for euro area sovereigns : a methodological framework
Bouabdallah, Othman; Checherita-Westphal, Cristina; … - 2017
The euro area sovereign debt crisis has highlighted the importance of reducing public debt levels and building up sufficient fiscal buffers during normal and good times. It has also reaffirmed the need for a thorough debt sustainability analysis (DSA) to act as a warning system for national...
Persistent link: https://www.econbiz.de/10011634439
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Fiscal and monetary policy determinants of the Eurozone crisis and its resolution
Dąbrowski, Marek - 2012
quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also … ; Eurozone ; Maastricht Treaty ; European Central Bank ; Euro ; Fiscal union …
Persistent link: https://www.econbiz.de/10009572988
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Italy in the Eurozone
Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2020
benign exit from the Eurozone with stable investor expectations could substantially dampen the short-run impact …
Persistent link: https://www.econbiz.de/10012244451
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Europe and Northeast Asia : different responses to financial crises
Wissenbach, Uwe - 2020
This paper focuses on the critical differences, but also some commonalities, between the EU and three countries in Northeast Asia - the People's Republic of China (PRC), the Republic of Korea, and Japan ‒ in responding to financial crises. The EU's response is naturally multilateral, but the...
Persistent link: https://www.econbiz.de/10012219782
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States, Banks, and the Financing of the Economy: Fiscal Policy and Sovereign Risk Perspectives
Balling, Morten; Egger, Peter; Gnan, Ernest; Weber, Axel A. - 2013
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011689958
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States, banks, and the financing of the economy : fiscal policy and sovereign risk perspectives
Balling, Morten (ed., introduction) - Colloquium "States, Banks and the Financing of the …; … - 2013
On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011711625
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Going forward from B to A? : proposals for the Eurozone crisis
Amato, Massimo; Fantacci, Luca; Papadimitriou, Dimitri Basil - 2016
After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments to eurozone institutions and the International Monetary Fund. We show … that the introduction of fiscal currencies would speed up the recovery, without violating the rules of eurozone treaties …
Persistent link: https://www.econbiz.de/10011481615
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Going forward from B to A? : proposals for the Eurozone crisis
Amato, Massimo; Fantacci, Luca; Papadimitriou, Dimitri Basil - In: Economies : open access journal 4 (2016) 3, pp. 1-14
After reviewing the main determinants of the current Eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments with Eurozone institutions and the IMF. We show that the introduction … of fiscal currencies would speed up the recovery, without violating the rules of Eurozone Treaties. At the same time …
Persistent link: https://www.econbiz.de/10011542675
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Was a Deterioration in ‘Connectedness’ a Leading Indicator of the European Sovereign Debt Crisis?
Hamill, Philip Anthony - 2019
This paper investigates if changes in network connectedness of European sovereign bond markets from 2005 to 2011 was an indicator of the subsequent financial crisis. The unified methodology proposed by Diebold and Yilmaz (2014) is used to overcome weaknesses in alternative methodologies to...
Persistent link: https://www.econbiz.de/10012903344