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Griechenlands Austritt aus der Europäischen Währungsunion : ein Ablaufszenario

Meyer, Dirk - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 95 (2015) 5, pp. 325-333

Greece’s financial difficulties apparently do not endanger the stability of the eurozone, nor is Greek debt …Griechenlands Zahlungsprobleme gefährden offensichtlich nicht die Stabilität der Eurozone, obwohl seine … Schuldentragfähigkeit langfristig nicht gewährleistet ist. Dennoch wurde Griechenland eine Programmverlängerung um vier Monate zugestanden …

Persistent link: https://www.econbiz.de/10010520813

Euro Crisis : From the Sovereigns to the Banks and Back to the Sovereigns

Gurdgiev, Constantin - 2011

The global financial crisis of 2007-2009 crystallized the underlying imbalances that are currently acting to tear apart the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro crisis, the insolvency of the Euro area member-states...

Persistent link: https://www.econbiz.de/10013122727

Completing the Monetary Union of Europe as Mid-Term Solution of the Euro Crisis

Fischer, Justina A. V. - 2015

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted …

Persistent link: https://www.econbiz.de/10013016262

Fiscal Policy in the European Monetary Union

Daniel, Betty C.; Shiamptanis, Christos - 2009

A country entering the EMU surrenders its monetary policy, and its debt becomes denominated in terms of a currency over which it has no direct control. A country's promise to uphold the fiscal limits in the Maastricht Treaty and the Stability and Growth Pact is implicitly a promise not to allow...

Persistent link: https://www.econbiz.de/10014210990

The Eurozone needs exit rules

Fahrholz, Christian; Wójcik, Cezary - In: Journal of banking & finance 37 (2013) 11, pp. 4665-4674

Persistent link: https://www.econbiz.de/10010248512

The politics of redistribution and sovereign default

Scholl, Almuth - 2023

This paper studies how distributional and electoral concerns shape sovereign default incentives within a quantitative model of sovereign debt with heterogeneous agents and non-linear income taxation. The small open economy is characterized by a two-party system in which the left-wing party has a...

Persistent link: https://www.econbiz.de/10014248102

Das Scheitern des zweiten Griechenland-Rettungspakets : eine spieltheoretische Analyse

Fürtjes, Christian; Kramer, Lucas; Smeets, Heinz-Dieter - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 95 (2015) 8, pp. 541-547

The recent negotiations on the second Greek bailout package were often (erroneously) characterised as either a game of …Die Verhandlungen Griechenlands über die Verlängerung des zweiten Hilfspakets vor dem 1. Juli 2015 wurden sehr hart … zum Scheitern der Verhandlungen. …

Persistent link: https://www.econbiz.de/10011312218

International Bailouts : Why Did Banks' Collective Bet Lead Europe to Rescue Greece?

Mengus, Eric - 2015

1790 US federal bailout of states and on the 2008 US financial crisis …

Persistent link: https://www.econbiz.de/10013032993

Paths to Eurobonds

Claessens, Stijn; Mody, Ashoka; Vallee, Shahin - 2012

infrastructures and political safeguards. -- Eurobonds ; eurozone ; fiscal risk-sharing ; European ; Monetary Union …

Persistent link: https://www.econbiz.de/10009564385

Paths to Eurobonds

Claessens, Stijn - 2012

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal...

Persistent link: https://www.econbiz.de/10013098632