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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
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
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
of the crisis given cooperative mechanisms that were absent in Latin America, particularly the availability of massive …
Persistent link: https://www.econbiz.de/10011286667
This paper analyzes the Euro crisis in light of the experience of center-periphery relations over the last 40 years of … renewed financial globalization. The crisis shows the characteristic pattern evident in so many other crises in the developing …
Persistent link: https://www.econbiz.de/10012978352
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
classic banking panics toward modern banking crises where financial guarantees are associated with crisis resolution. Recent … Asian crisis (1997). We discuss the evolution in economic theorizing on crises since the 1950s, and then provide an overview … crises. We discuss the methodological issue of crisis measurement encompassing the definition, dating, and incidence of …
Persistent link: https://www.econbiz.de/10014024279
Persistent link: https://www.econbiz.de/10010366183
investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment …
Persistent link: https://www.econbiz.de/10010331397
investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment …
Persistent link: https://www.econbiz.de/10009715034