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Long-Lasting Consequences of the European Crisis

Jimeno, Juan F. - 2015

The Great Recession and the subsequent European crisis may have long-lasting effects on aggregate demand, aggregate supply and, hence, on macroeconomic performance over the medium and long run. Besides the fact that financial crises last longer and are succeeded by slower recoveries, and apart...

Persistent link: https://www.econbiz.de/10013018022

Bank Interest Rate Setting in the Euro Area During the Great Recession

Camba-Mendez, Gonzalo - 2016

This paper sheds light on how recent financial tensions in the euro area were ultimately reflected in bank interest rate setting. We make two new contributions. First, we develop a theoretical model capturing banks financing and the rate setting choices. Banks in the model can finance themselves...

Persistent link: https://www.econbiz.de/10012982915

Euro Crisis : From the Sovereigns to the Banks and Back to the Sovereigns

Gurdgiev, Constantin - 2011

The global financial crisis of 2007-2009 crystallized the underlying imbalances that are currently acting to tear apart the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro crisis, the insolvency of the Euro area member-states...

Persistent link: https://www.econbiz.de/10013122727

Sacred Euro : Sovereign Debt(s) and EU's Bare Credit in the Corona Crisis

Cattelan, Valentino - 2020

This is a contribution that will appear in the forthcoming book "In the Realm of Corona Normativities", edited by Prof. Werner Gephart, Käte Hamburger Center. The paper advances an interpretation of the EU political impasse about how to deal with the COVID-19 emergency by shifting Agamben's...

Persistent link: https://www.econbiz.de/10012835079

Austrian linkages to the European economy and the transmission mechanisms of ecnomic crisis

Francois, Joseph F.; Holzner, Mario; Pindyuk, Olga - 2011

Like most of the global economy, Austria suffered from recession in 2008-2009. In this paper we deconstruct the pattern of recession, and the transmission of the global recession to Austria's economy. We provide a new a new breakdown of the value added in Austrian exports, tracing both upstream...

Persistent link: https://www.econbiz.de/10011392355

Accounting for Macrofinancial Fluctuations and Turbulence

Vitek, Francis - 2018

This paper investigates the sources of macrofinancial fluctuations and turbulence within the framework of an approximate linear dynamic stochastic general equilibrium model of the world economy, augmented with structural shocks exhibiting potentially asymmetric generalized autoregressive...

Persistent link: https://www.econbiz.de/10012906882

The euro debt crisis and Germany's euro trilemma

Bibow, Jörg - 2012

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that the crisis is not primarily a "sovereign debt crisis" but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and...

Persistent link: https://www.econbiz.de/10009533362

Germany and the euroland crisis : the making of a vulnerable haven

Bibow, Jörg - 2013

This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

Persistent link: https://www.econbiz.de/10009757118

Central Bank Liquidity During the Financial Market and Economic Crisis : Observations, Thoughts and Questions

Pikkarainen, Pentti - 2011

The paper concentrates on illustrating and assessing central banks' liquidity operations during the crisis that started in August 2007. In addition to the ECB, the central banks of Sweden, Switzerland, the United Kingdom, Australia, Japan, Canada and the United States are analyzed. During the...

Persistent link: https://www.econbiz.de/10013130409

The Euro-Zone : Is It the Crisis Ahead!

Trabelsi, Mohamed Ali - 2011

of such turmoil, these last years the euro-zone capital markets and financial institutions seem to absorb a continued … credit cycle phenomenon and are seriously hit by aggravating tensions. It is the first financial crisis the Eurozone … recent developments in the Eurozone, mainly the Greek and Irish financial crises and the threats the Eurozone risks. Finally …

Persistent link: https://www.econbiz.de/10013121540

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