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currency depreciations. The increase in investments has been financed mainly via debt issues. The evidence provided here … Monetary Union (EMU) ; the euro ; valuation ; investment ; debt ; equity ; cost of capital ; currency risk …
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In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency in Europe. We use corporate-evel data from ten countries that adopted the euro, the three EU countries that did not start using the euro, as well as Norway and Switzerland. We...
Persistent link: https://www.econbiz.de/10001753268
In most euro area countries, the monetary/fiscal policy mix is responsible for the changing history of debt and … simulations reveal that the PM/AF regime in France led to price volatility and debt stabilisation, while the AM/PF regime resulted … in disinflation and rising debt trajectory. Meanwhile, Italy's procyclical fiscal policy in downturns contributed to …
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the public budget and participation in the Euro-zone. The analysis is based on data of European economies with a special … focus on twelve Euro-zone members and a control group of six non-Euro countries for the years from 1970 to 2014. The results … show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with …
Persistent link: https://www.econbiz.de/10011557773
, increasing convergence with the core Euro countries. However, the debt crisis dramatically worsened citizens’ perceptions of …
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. Interest rate fixation periods are shorter in Denmark, debt turnover is higher and Danish households have more debt. Thus, the …
Persistent link: https://www.econbiz.de/10014450527