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On European Austerity
Homburg, Stefan - In: CESifo Forum 14 (2013) 2, pp. 38-40
Persistent link: https://www.econbiz.de/10010877524
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How Party Linkages Shape Austerity Politics : Clientelism and Fiscal Adjustment in Greece and Portugal During the Eurozone Crisis
Afonso, Alexandre - 2014
Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards, we show how the nature of the linkages between parties and citizens shapes party strategies of fiscal retrenchment. We argue that parties which rely to a greater extent on the...
Persistent link: https://www.econbiz.de/10013049407
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Eurozone : the untold economics
Hatgioannides, John; Karanassou, Marika; Sala, Hector - 2013
This paper dwells on the Eurozone woes and addresses the origins of the transition from a fictitious boom to a painful … the future of the Eurozone that will halt the tearing of the social fabric of its member states. …
Persistent link: https://www.econbiz.de/10009687800
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Transcending the New Macroeconomic Orthodoxy in the Eurozone : A Post-Keynesian View
Kotarski, Kristijan - 2017
The main aim of this paper is to empirically test the endogenous money hypothesis for the Eurozone. Based on data on … structural VAR model. The empirical results confirm our main hypothesis on the endogeneity of money in the Eurozone as they show … in case of Eurozone and that the direction of influence goes from loans to deposits and from real sector of the economy …
Persistent link: https://www.econbiz.de/10012965084
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Economic Policy Uncertainty and Risk Spillovers in the Eurozone
Bernal, Oscar - 2015
This paper focuses on the impact of economic policy uncertainty on risk spillovers within the Eurozone and contributes … to which distress affecting one given country's sovereign spreads can affect the Eurozone bond market as a whole and then … concern the four largest Eurozone countries, i.e. Germany, France, Italy and Spain, as well as the United States. The model is …
Persistent link: https://www.econbiz.de/10013029748
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What happened in Cyprus? : the economic consequences of the last communist government in Europe
Orphanides, Athanasios - 2014
This paper reviews developments in the Cypriot economy following the introduction of the euro on 1 January 2008 and leading to the economic collapse of the island five years later. The main cause of the collapse is identified with the election of a communist government in February 2008, within...
Persistent link: https://www.econbiz.de/10010387171
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What happened in Cyprus? : the economic consequences of the last communist government in Europe
Orphanides, Athanasios - 2014
This paper reviews developments in the Cypriot economy following the introduction of the euro on 1 January 2008 and leading to the economic collapse of the island five years later. The main cause of the collapse is identified with the election of a communist government in February 2008, within...
Persistent link: https://www.econbiz.de/10010400778
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How Can the Crisis Vulnerability of Emerging Economies Be Reduced?
Abberger, Klaus; Bhattacharyay, Biswa Nath; Nam, Chang Woon - 2014
Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...
Persistent link: https://www.econbiz.de/10011698419
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How can the crisis vulnerability of emerging economies be reduced?
Abberger, Klaus; Bhattacharyay, Biswanath; Nam, Chang-woon - 2014
Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...
Persistent link: https://www.econbiz.de/10010366395
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How can the crisis vulnerability of emerging economies be reduced?
Abberger, Klaus; Bhattacharyay, Biswanath; Nam, Chang-woon - 2014 - May 2014
Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...
Persistent link: https://www.econbiz.de/10011824986