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Towards a Common European Monetary Union Risk Free Rate

Mayordomo, Sergio - 2012

We present a tentative estimate of a common risk free rate for the European Monetary Union countries from January 2004 to December 2010 using variables motivated by a theoretical portfolio selection model. In a first stage, we analyze the determinants of EMU sovereign yield spreads and find...

Persistent link: https://www.econbiz.de/10013116313

Towards a Common European Monetary Union Risk Free Rate

Mayordomo, Sergio - 2019

We propose a common European bond which would yield a common European Monetary Union risk free rate. We present a tentative estimate of this common risk free for the European Monetary Union countries from January 2004 to December 2010 using variables motivated by a theoretical portfolio...

Persistent link: https://www.econbiz.de/10012868913

Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Lenka, Sanjaya Kumar; Barik, Rajesh - In: Financial Innovation 4 (2018) 1, pp. 1-19

Exclusion from the mainstream financial world is a burden on the poor of many countries. The proliferation of new mobile and online financial services, such as e-banking, money transfers, and payment processing has the potential to provide access to basic financial products and services to...

Persistent link: https://www.econbiz.de/10012602771

Current Global Challenges in the Context of the Development of Local Communities

Manta, Otilia - 2019

One of the current challenges of the current generation is the globalization process that inevitably leads to the rethinking (conceptual reconstruction) of the paradigm of economic growth and development at local, regional, national, European and global level, with a direct impact on...

Persistent link: https://www.econbiz.de/10012869323

Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Lenka, Sanjaya Kumar; Barik, Rajesh - In: Financial innovation : FIN 4 (2018) 5, pp. 1-19

Persistent link: https://www.econbiz.de/10011825860

Russia and USA Scenario Planning – Trump and Putin Meeting – Business Boom or Lonely to Prove that They are Right?

ul Haq, Bina - 2020

Summary • Putin and Trump, leaders arguably with hostile powers. Their meeting holds significant importance in history, requiring scenario planning to structure long-term business relationships and a defense playground for both countries.• It will provide assurances; to the operating...

Persistent link: https://www.econbiz.de/10014031910

Creating a Euro Area Safe Asset without Mutualizing Risk (Much)

Leandro, Álvaro; Zettelmeyer, Jeromin - 2019

This paper explains and evaluates three proposals to create “safe assets” for the euro area based on sovereign bonds, in which sovereign risk is limited through diversification and some form of seniority. These assets would be held by banks and other financial institutions, replacing...

Persistent link: https://www.econbiz.de/10012052872

Narrative Oekonomik: Europa als "Transferunion" oder "Risikogemeinschaft"? Eine empirische Analyse

Neuberger, Doris; Beretta, Edoardo - 2022

Oekonomische Entwicklungen werden oft durch Narrative, d. h. populaere bzw. allgemein verstaendliche und leicht wiedergebbare Erzaehlungen, Bilder sowie Interpretationen, beeinflusst. In Debatten ueber europaeische Integration, Staatsschuldenkrise und Loesungen zur Bewaeltigung der Coronakrise...

Persistent link: https://www.econbiz.de/10014459455

Paths to Eurobonds

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

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

Persistent link: https://www.econbiz.de/10010317344

Towards a Stable Monetary Union: What Role for Eurobonds?

Gilbert, Niels; Hessel, Jeroen; Verkaart, Silvie - de Nederlandsche Bank - 2013

This paper investigates the role that Eurobonds could play in making EMU stable in the long run. We establish that EMU … ECB form the ideal backstop, and that Eurobonds potentially offer a more stable solution, but at the price of important … and moral hazard by using Eurobonds themselves to further enforce budgetary discipline. Even then, however, EMU governance …

Persistent link: https://www.econbiz.de/10010757280