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, regulatory and supervisory framework governing banking stability in Greece in the era of the European Banking Union and its …
Persistent link: https://www.econbiz.de/10012978304
The present study examines the impact of the current fiscal crisis in the euro area on the Greek banking system and the measures adopted to preserve its stability. It is divided into 3 Sections:(a) Section 1 contains an overview of the causes of the recent (2007-2009) international financial...
Persistent link: https://www.econbiz.de/10012993823
level of government debt, favourable outlook for output growth, and long-term fiscal costs of ageing which are estimated to … needed pension reform, would have substantial longer-term costs in terms of higher taxes and additional debt service costs …, including an increase in the risk premium paid on government debt. In addition, this would heavily skew the tax burden towards …
Persistent link: https://www.econbiz.de/10012446779
The present study deals with the Greek debt crisis and tries to shed light on its determinants, going back to its …, Greek sovereign debt is far from viable and the financial situation of the public sector will remain fragile, having a long …
Persistent link: https://www.econbiz.de/10012980314
In this study, the role of debt maturity is analysed in a framework that blends a number of key macro‐economic factors … with a process of estimating an optimal debt maturity maximising net present value. The purpose is to reduce the real value … of government liabilities for a highly indebted country, as for example in the case of Greece, over a 35‐year period. The …
Persistent link: https://www.econbiz.de/10014120886
This paper reviews the fiscal developments that led Greece from a successful convergence process and the adoption of …. Following this, we turn to testing debt sustainability in the long run in an interest rate sensitive environment. This is done … based on a set of several varying assumptions regarding growth, fiscal performance and debt reprofiling. Analysis of the …
Persistent link: https://www.econbiz.de/10014078158
A number of institutional and non-institutional factors, not only economically rational but also political and historical, have risen in the long after war debate about the public sector's expansion, size and structure. Obvious inefficiencies, mounting resistance to further increases of tax...
Persistent link: https://www.econbiz.de/10010255752
Greece over the last decade and challenges the widely held view that optimistic macroeconomic forecasts adopted by the Greek … the domestic institutional framework for conducting fiscal policy in Greece …
Persistent link: https://www.econbiz.de/10013099644
Few contemporary democracies offer tales of institutional failure as startling as that of Greece. Despite a turbulent … country’s main parties started to compete on the basis of welfare statism, based on populism and patronage. Modern Greece has … Greek government has managed it. The case of Greece is a precautionary tale for all others. Law and economics scholar …
Persistent link: https://www.econbiz.de/10014156872
Greece over the last decade and challenges the widely held view that optimistic macroeconomic forecasts adopted by the Greek … the domestic institutional framework for conducting fiscal policy in Greece. …
Persistent link: https://www.econbiz.de/10010686668