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With a view to establishing a Capital Markets Union (CMU), efforts to integrate (private) capital markets and private risk-sharing in the European Union are underway. However, the single (capital) market will be burdened by a perennial potential threat to sovereign bond market stability in the...
Persistent link: https://www.econbiz.de/10012051172
Zahlungsbilanzkrise verursacht. Ein breit gefächerter Ansatz in der Wirtschaftspolitik ist daher erforderlich, um die Eurozone auf einen …
Persistent link: https://www.econbiz.de/10010362745
The increase of sovereign debt and the crisis in the Eurozone led to a public discussion about the possibility and the … causes of a sovereign default. This paper shows by looking at the development in the Eurozone that for a government …
Persistent link: https://www.econbiz.de/10010408269
supranational monetary union. Finally, I develop policy recommendations for the ongoing debate in the Eurozone. …
Persistent link: https://www.econbiz.de/10011499402
Der im März 2012 von 25 EU-Mitgliedstaaten unterzeichnete Fiskalvertrag gerät vor dem Hintergrund der europäischen Staatsschuldenkrise immer wieder in die Kritik. Im Kern handelt es sich bei dem Vertragswerk um eine Konkretisierung und Verschärfung des Stabilitäts- und Wachstumspakts, indem...
Persistent link: https://www.econbiz.de/10009619546
infrastructures and political safeguards. -- Eurobonds ; eurozone ; fiscal risk-sharing ; European ; Monetary Union …
Persistent link: https://www.econbiz.de/10009564385
The Euro area has a unique monetary authority that governs money creation, but several individual-countries’ sovereign debts that differ in terms of safety. We analyse: i) the interactions between the financial and real sector in such an environment; ii) the role of government bonds as...
Persistent link: https://www.econbiz.de/10012507194
their changes over time, both at the eurozone-level and at country-level. Then we employ fixed effects panel regression to …
Persistent link: https://www.econbiz.de/10014318632
Niedrige oder sogar negative Realzinsen bestimmen seit Beginn der Krise die Kapitalmärkte in der Eurozone. Davon …
Persistent link: https://www.econbiz.de/10010200378
Wissenschaftler fürchten, dass in diesem Fall die Eurozone Schaden nimmt oder sogar zusammenbricht. Wie ein erfolgreicher Austritt …The exit of a member state from the eurozone is often depicted as a catastrophic event that would lead to … the basis of a basket consisting of the euro and the new currency. In the remaining eurozone countries, the relative …
Persistent link: https://www.econbiz.de/10010344155