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The Invisible Hand of the Government : 'Moral Suasion' During the European Sovereign Debt Crisis

Ongena, Steven - 2018

Using proprietary data on banks' monthly securities holdings, we show that during the European sovereign debt crisis, domestic banks in fiscally stressed countries were considerably more likely than foreign banks to increase their holdings of domestic sovereign bonds during months when the...

Persistent link: https://www.econbiz.de/10012936390

The Risk of the Sovereign Debt Default : The Eurozone Crisis 2008-2013

Stamatopoulos, Theodoros V. - 2016

We investigate the relationship of the market pricing of sovereign risk to default, through CDS spreads for 16 Eurozone … discrimination between South and West Euro Area Periphery (SWEAP) and the core Eurozone, highlighting asymmetries discovered either … words, the “fragility hypothesis of the Eurozone” …

Persistent link: https://www.econbiz.de/10012976894

The Euro Area Crisis Five Years After the Original Sin

Orphanides, Athanasios - 2015

Why did Europe fail to manage the euro area crisis and what lessons can be drawn from this failure for Europe's future? Studying the EU/IMF program that was imposed on Greece in May 2010 — the original sin of the crisis — highlights both the nature of the problem and the difficulty in...

Persistent link: https://www.econbiz.de/10013013481

The Power of Opinion : More Evidence of a GIPS-Markup in Sovereign Ratings During the Euro Crisis

Nauhaus, Steffen - 2015

the Eurozone crisis in 2009, irrespective of economic and institutional fundamentals. A subsequent analysis of the markup …

Persistent link: https://www.econbiz.de/10013016093

The Invisible Hand of the Government : 'Moral Suasion' During the European Sovereign Debt Crisis

Ongena, Steven - 2016

Sovereign debt crisis, domestic banks in fiscally stressed countries were considerably more likely than foreign banks to increase their holdings of domestic sovereign bonds in months with relatively high domestic sovereign bond issuance. This effect is stronger for state‐owned banks and for...

Persistent link: https://www.econbiz.de/10012984578

Sovereign Credit Rating Determinants : The Impact of the European Debt Crisis

Reusens, Peter - 2016

eurozone membership switched from positive to negative. In addition, GDP growth gained a lot of importance for highly indebted …

Persistent link: https://www.econbiz.de/10012992598

Euro Crisis or Public Debt Crisis? With a Remedy for the Latter Case

Sarcinelli, Mario - 2014

The European crisis did not originate with the Euro but with the excessive public debt of peripheral Eurozone countries …

Persistent link: https://www.econbiz.de/10013045127

Effect-Based Analysis in the Court's Jurisprudence on the Euro Crisis

Steinbach, Armin - 2018

Effect-based analysis is genuinely implicit in economic reasoning. The jurisprudence developed throughout the debt crisis reveals frequent recourse to effect-based analysis for the legal assessment of the compatibility of anti-crisis instruments with EU law. The dividing line between the...

Persistent link: https://www.econbiz.de/10012934879

Addressing the Safety Trilemma : A Safe Sovereign Asset for the Eurozone

van Riet, Ad - 2021

for the eurozone. The triple euro area crisis showed the costly consequences of ignoring the ‘safety trilemma’. Keeping a …

Persistent link: https://www.econbiz.de/10013248857

Regime-Dependent Sovereign Risk Pricing During the Euro Crisis

Delatte, Anne-Laure; Fouquau, Julien; Portes, Richard - 2021

Previous work has documented a greater sensitivity of long-term government bond yields to fundamentals in Euro area stress countries during the euro crisis, but we know little about the driver(s) of regimeswitches. Our estimates based on a panel smooth threshold regression model quantify and...

Persistent link: https://www.econbiz.de/10013248886

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