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Geldpolitik der EZB: Stabilität ohne "sichere" Staatsanleihen?
Tober, Silke - 2016
Die stark expansive Geldpolitik der Europäischen Zentralbank zeigt positive Wirkungen. Die Zinsen sind weiter gesunken, die Kreditvergabe erholt sich etwas und der Euro hat abgewertet. Allerdings ist die Inflation weiterhin deutlich zu niedrig und die wirtschaftliche Entwicklung zu schwach, um...
Persistent link: https://www.econbiz.de/10011564987
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Rating agencies and sovereign credit risk assessment
Véron, Nicolas; Wolff, Guntram B. - 2011
Credit rating agencies (CRAs) have not consistently met the expectations placed on them by investors and policymakers. It is difficult, however, to improve the quality of ratings through regulatory initiatives. In the short term, changes to the CRAs' regulatory environment, in a context of high...
Persistent link: https://www.econbiz.de/10010293566
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Who's afraid of sovereign bonds?
Merler, Silvia; Pisani-Ferry, Jean - 2012
The crisis has underlined the strong interdependence between the euro-area banking and sovereign crises. To understand the role domestic banks have played in holding sovereign debt, a breakdown of government debt by holding sectors is required. The data shows that at the start of the crisis,...
Persistent link: https://www.econbiz.de/10010293573
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The known unknowns and the unknown unknowns of the EMU
Pisani-Ferry, Jean - 2012
Extensive prior research on the economics of European monetary union highlighted some potential risks (the known unknowns) but overlooked others (the unknown unknowns). Asymmetries among participating countries, the potentially destabilising character of a one-size-fits all monetary policy, the...
Persistent link: https://www.econbiz.de/10010293580
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Propping up Europe?
Pisani-Ferry, Jean; Wolff, Guntram B. - 2012
The Bank of England, the Federal Reserve (Fed) and the European Central Bank (ECB) have responded to the crisis with exceptional initiatives resulting in a major increase in their balance sheets. After the ECB's end-2011 launch of three-year bank refinancing (LTRO), there has been speculation...
Persistent link: https://www.econbiz.de/10010293582
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Grünere Geldpolitik als Flankierung des Green Deal: EZB muss nachsteuern
Tober, Silke - 2021
Die Reduktion von Treibhausgasemissionen ist ein wichtiges wirtschaftspolitisches Ziel der EU. Für die angestrebte Transformation der Wirtschaft sind massive Investitionen für die Erneuerung des Kapitalstocks und für Prozessinnovationen erforderlich. Die expansive Geldpolitik der EZB...
Persistent link: https://www.econbiz.de/10012606198
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Die Europäische Zentralbank in der Kritik
Tober, Silke - 2011
Die Europäische Zentralbank ist in den vergangenen anderthalb Jahren zunehmend in die Kritik geraten, und zwar aus zwei entgegengesetzten Richtungen: Während eine Gruppe von Kritikern moniert, die EZB überschreite ihr Mandat und ginge zu hohe finanzielle Risiken ein, kritisiert die andere...
Persistent link: https://www.econbiz.de/10010460640
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Beyond geopolitics: The case for a free trade accord between Europe and Taiwan
Dreyer, Iana; Erixon, Fredrik; Lee-Makiyama, Hosuk; … - 2010
This paper weighs the case for a free trade agreement (FTA) between the European Union (EU) and Taiwan. It focuses on … the role Taiwan has to play in the EU's economic and geopolitical strategy in Asia. Taiwan is one of the key players in … East Asia. As such it deserves closer attention from the EU. But Taiwan has been overlooked in the EU's FTA strategy in …
Persistent link: https://www.econbiz.de/10011790200
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After cross-strait rapprochement: A conceptual analysis of potential gains to Europe from China-Taiwan economic cooperation
Erixon, Fredrik; Krol, Michal; Macyra, Natalia - 2012
Taiwan is not part of the group of countries with whom the European Union is negotiating Free Trade Agreements (FTAs … potential gains from a EU-Taiwan free trade accord, argues that the EU should revisit its approach towards Taiwan and take … account of recent developments as regards cross-Strait rapprochement. In mid 2010, Taiwan and China signed an Economic …
Persistent link: https://www.econbiz.de/10011790209
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A EU-Taiwan trade accord from EU member states perspective: Rebalancing regional trade
Krol, Michal; Lee-Makiyama, Hosuk - 2012
rebalance trade accounts. In this sense, Taiwan has the potential to "repair" some of the effects from other Asian FTAs on EU …, Taiwan can also spur EU growth provided by indirect market access to China. This policy brief looks at the potential gains of … a EU-Taiwan trade accord from an individual Member State perspective. It concludes that the expected benefits from such …
Persistent link: https://www.econbiz.de/10011790262