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Risks induced by the trend and level of foreign debt in Romania
Milea, Camelia - In: Financial studies 27 (2023) 4, pp. 75-87
volatility of the exchange rate of the national currency, the advance in the probability of a currency crisis and the … to an external debt crisis. In addition, other indicators are used to assess the debt characteristics of an economy. The …-financial crisis triggered in 2008, and the other is the COVID- 19 pandemic. The results show that Romania is vulnerable to the …
Persistent link: https://www.econbiz.de/10014506700
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Why do countries in financial distress strategically delay seeking help?
Tsoulouhas, Theofanis C. - In: Journal of government and economics : JGE 2 (2021), pp. 1-11
The paper differs from current literature by providing a systematic analysis of the relationship between sovereign debt, financial distress and political career concerns via a novel game-theoretic model, in order to analyze the strategic behavior of governments in revealing financial distress...
Persistent link: https://www.econbiz.de/10012803215
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Diagnosing fiscal distress : regional evidence from Polish municipalities
Zioło, Magdalena - In: Romanian journal of fiscal policy : RJFP 6 (2015) 2, pp. 14-33
The paper deals with the problem of municipalities’ fiscal distress and its diagnosis. The study examines the key financial indicators of Polish municipalities located in the West Pomeranian Region and uses them to build an aggregate measurement to identify the level of these municipalities’...
Persistent link: https://www.econbiz.de/10011618825
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Europe needs more than a Capital Markets Union : focus on the integration of euro area sovereign debt markets
Breitenfellner, Andreas; Schuberth, Helene - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 9-20
potential threat to sovereign bond market stability in the euro area; these markets had disintegrated during the “euro crisis …
Persistent link: https://www.econbiz.de/10012051172
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Integration of government bond market in the euro area and monetary policy
Lukić, Velimir - In: Journal of central banking theory and practice 5 (2016) 1, pp. 71-97
Persistent link: https://www.econbiz.de/10011477399
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Rating agencies, self-fulfilling prophecy and multiple equilibria? : an empirical model of the European sovereign debt crisis 2009-2011
Gärtner, Manfred; Griesbach, Bjorn - In: Business and Economic Research : BER 7 (2017) 1, pp. 199-226
Persistent link: https://www.econbiz.de/10011684690
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Financial assets overhang in Europe
Spanò, Marcello - In: Journal of post-Keynesian economics : JPKE 37 (2015) 3, pp. 503-527
Persistent link: https://www.econbiz.de/10011618251
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A reconsideration of multiple equilibria in the analysis of one-period government bonds with default risk
Guo, Yanling - 2015
In this paper, the author considers sovereign debt in the form of one-period government bonds with default risk, which can be purchased by and traded among domestic and foreign investors. She shows that the "good equilibrium" is the only stable equilibrium under some quite general assumptions,...
Persistent link: https://www.econbiz.de/10011349880
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Belize's 2016-17 sovereign debt restructuring : third time lucky?
Asonuma, Tamon; Papaioannou, Michael G.; Togo, Eriko; … - In: Journal of banking and financial economics 2 (2020) 14, pp. 47-67
This paper examines the causes, process, and outcome of Belize’s 2016–17 sovereign debt restructuring – its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006-07 and in 2012-13, the 2016-17 debt restructuring was executed through collaborative...
Persistent link: https://www.econbiz.de/10012887757
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Aplicación de las técnicas multivariantes al sector bancario español : el caso de las entidades afectadas por la restructuración (2008 - 2009)
Somoza López, Antonio - In: Revista de métodos cuantitativos para la economía y … 19 (2015), pp. 66-100
This study aims to analyze the Spanish financial entities that were bailout by the European Union with the main objective to discern the different char- acteristics among them and find out the reasons why in some cases some of them were merged, in other were taken over and in the most...
Persistent link: https://www.econbiz.de/10011306082