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Financial contagion reloaded: the case of Cyprus

Oehler-Sincai, Iulia Monica - Volkswirtschaftliche Fakultät, … - 2013

-dip recession of the Cypriot economy. We analyze determinants such as “tax haven” status, interlinks with the Greek economy … reform of 2002 and the new fiscal system in force since the 1st of January 2003, Cyprus continued to be a “tax haven”. Its … high investment attractiveness spurred the “Cyp-Rus” relations, boosted an outsized banking sector (representing 800% of …

Persistent link: https://www.econbiz.de/10011257733

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

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

Domestic cycles, financial cycles, and policies : what has gone wrong?

Dăianu, Daniel - 2017

The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...

Persistent link: https://www.econbiz.de/10011760593

Domestic Cycles, Financial Cycles, and Policies. What Has Gone Wrong?

Daianu, Daniel - 2017

Persistent link: https://www.econbiz.de/10012942853

Is the ‘Euro Bond’ the Answer to the Euro Sovereign Debt Crisis? What Outcome Can Investors Expect Out of Europe?

Matziorinis, Kenneth N. - 2012

This paper analyzes the causes of the sovereign debt crisis in the eurozone and examines the policy alternatives confronting euro area governments. It suggests that pooling fiscal risks, creating an EU Treasury and issuing jointly-backed euro bonds is an optimal solution and the inevitable...

Persistent link: https://www.econbiz.de/10013111171

Redrawing the Map of Global Capital Flows : The Role of Cross-Border Financing and Tax Havens

Coppola, Antonio - 2020

Global firms finance themselves through foreign subsidiaries, often shell companies in tax havens, which obscures their nationality in aggregate statistics. We associate the universe of traded securities with their issuer's ultimate parent and restate bilateral investment positions to better...

Persistent link: https://www.econbiz.de/10012843191

Redrawing the Map of Global Capital Flows : The Role of Cross-Border Financing and Tax Havens

Coppola, Antonio; Maggiori, Matteo; Neiman, Brent; … - 2020

Global firms ﬁnance themselves through foreign subsidiaries, often shell companies in tax havens, which obscures their true economic location in official statistics. We associate the universe of traded securities issued by firms in tax havens with their issuer’s ultimate parent and restate...

Persistent link: https://www.econbiz.de/10014351933

Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers

Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020

Textual analysis of the NBER Working Papers published during 1999–2016 is done to assess the effects of the 2007–2009 crisis on the academic literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics,...

Persistent link: https://www.econbiz.de/10015266578

Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers

Levy, Daniel; Mayer, Tamir; Raviv, Alon - 2020

Textual analysis of 14,270 NBER Working Papers published during 1999–2016 is done to assess the effects of the 2008 crisis on the economics literature. The volume of crisis-related WPs is counter-cyclical, lagging the financial-instability-index. WPs by the Monetary-Economics, Asset-Pricing,...

Persistent link: https://www.econbiz.de/10015266597

Domestic Banks as Lightning Rods? Home Bias During the Eurozone Crisis

Saka, Orkun - 2017

Governments and domestic banks in Europe have attracted criticism due to the heightening inclination of banks to hold more local sovereign debt in the midst of the crisis. This has traditionally been interpreted as an evidence of financial repression or moral suasion. By using a novel dataset on...

Persistent link: https://www.econbiz.de/10012962855