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Economic and Political Challenges of Acceding to the Euro Zone Area: the Case of Poland

Wozniak, Przemyslaw - CASE-Center for Social and Economic Research - 2010

The paper examines economic and political challenges of joining the euro area in the case of Poland. After reviewing the economic developments since the pre-accession period and assessing economic convergence with the euro area the paper focuses on the political and institutional challenges of...

Persistent link: https://www.econbiz.de/10010625521

Fiscal and Monetary Policy Determinants of the Eurozone Crisis and its Resolution

Dabrowski, Marek - CASE-Center for Social and Economic Research - 2012

Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....

Persistent link: https://www.econbiz.de/10010625526

Romanians’ Public Debts Saga

SUSANU, Monica - In: Economics and Applied Informatics (2010) 2, pp. 199-208

that Spain’s, Portugal’s or Italy’s Mediterranean structure and behaviour would be the reason, since these countries are in … bankruptcy frequently. By the spring of this year (2010 – author’s note), Greece’s financial problems set all the Europeans … pretty identical trouble just like Greece. The ex-communist recently EU Member States, that are united into the so …

Persistent link: https://www.econbiz.de/10010625550

The Origins of the Global Financial Crisis and Its Impact on Romanian Economy

SBUGHEA, Corina - In: Economics and Applied Informatics (2011) 1, pp. 107-112

Asymmetric information theory says that individuals who cooperate in different situations have different levels of knowledge on a subject. The main role of a financial system is to direct funds to individuals and companies that have good money investments. To do this correctly, participants in...

Persistent link: https://www.econbiz.de/10010625558

Fundamental Causes of Financial and Economic Crisis and Its Overcoming. The Logical Core of Market Economy: How We Subvert It

VRECION, Vladimir - In: Economics and Applied Informatics (2011) 1, pp. 77-80

The article deals with the fundamental methodological and theoretical ideas of market economy. The logical core of the market economy (ME) and its functioning is briefly described. From these logical bases of ME basic principles of its right functioning are deduced and from there is deduced how...

Persistent link: https://www.econbiz.de/10010625575

Agent-based risk management - A regulatory approach to financial markets

Theobald, Thomas - Institut für Makroökonomie und Konjunkturforschung … - 2012

This paper provides market risk calculation for an equity-based trading portfolio. Instead of relying on the purely stochastic internal model method, which banks currently apply in line with the Basel regulatory requirements, we propose to include also alternative price mechanisms from the...

Persistent link: https://www.econbiz.de/10010625640

"The Impact of Financial Reform on Federal Reserve Autonomy"

Shull, Bernard - Levy Economics Institute - 2012

The Federal Reserve has been criticized for not preventing the risky behavior of large financial companies prior to the financial crisis of 2008-09, for approving mergers that aggravated the "too big to fail" problem, and for its substantial contribution to bailouts when their risk management...

Persistent link: https://www.econbiz.de/10010627290

Foreign banks and the Vienna Initiative: turning sinners into saints

De Haas, Ralph; Korniyenko, Yevgeniya; Loukoianova, Elena; … - European Bank for Reconstruction and Development (EBRD) - 2012

We use data on 1,294 banks in emerging Europe to analyse how bank ownership and the Vienna Initiative affected credit growth during the 2008-09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters in which they pledged to maintain exposures...

Persistent link: https://www.econbiz.de/10010627316

Chinese Perspectives on International Power Shifts and Sino-EU Relations (2008–2011)

Noesselt, Nele - German Institute of Global and Area Studies (GIGA) - 2012

With the beginning of the post-Maoist era, the focus of Chinese foreign policy shifted from ideology and revolution to pragmatism and reform. Chinese scholars in the field of International Relations (IR) are now encouraged to develop abstract scientific analyses of China’s international...

Persistent link: https://www.econbiz.de/10010627702

Contagion effect due to Lehman Brothers’ bankruptcy and the global financial crisis - From the perspective of the Credit Default Swaps’ G14 dealers

Kazi, Irfan Akbar; Salloy, Suzanne - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2013

This article investigates the dynamics of conditional correlation among the G14 banks’ dealer for the credit default swap market from January 2004 until May 2009. By using the asymmetric dynamic conditional correlation model developed by Cappiello, Engle and Sheppard (2006), we examine if...

Persistent link: https://www.econbiz.de/10010627865