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In June 2017, in the negotiations between Greece, the European Union and its Member States, the European Central Bank, and the International Monetary Fund, it was decided that the highly-indebted country in Europe's southern periphery should receive an additional disbursement of 8.5 billion...
Persistent link: https://www.econbiz.de/10011780178
During crisis art is often considered as a safe haven both by the scientific literature and the financial advisors. For example, during WWII art markets encountered a massive boom in occupied countries This paper questions this vision of art as a safe investment providing evidence that art has...
Persistent link: https://www.econbiz.de/10010937203
to organise production and distribution. In this context, financial mobilisation played an important role. In Germany …
Persistent link: https://www.econbiz.de/10010957005
The aim of this article is to clearly identify the mechanisms of the money market spillovers between the United States, the United Kingdom and France during the interwar period. To describe these mechanisms in detail, a BEKK model, in which we introduce a structural break, is adopted. Our...
Persistent link: https://www.econbiz.de/10011273095
2003 marks the 40th anniversary of the founding of SUERF. To mark this milestone, some time ago the Council of Management commissioned Professor Jean-Paul Abraham to write a commemorative report. His mandate was not to write a history of SUERF itself (that would be too self-indulgent) but to...
Persistent link: https://www.econbiz.de/10005342569
German Aryan farmers. Germany's agricultural weakness is summarized by its low land-labor ratio, but Poland and the Ukraine … had even less land per person. Thus simply acquiring the land to the east could not solve Germany's problem of low … the solution to Germany's agricultural problem was not acquiring more land for the existing German farm population, but …
Persistent link: https://www.econbiz.de/10005084936
In 1931, a financial crisis began in Austria, struck numerous European nations, forced Britain to abandon the gold standard, and spread across the Atlantic. This article describes how banks in New York City, the central money market of the United States, reacted to events in Europe. An array of...
Persistent link: https://www.econbiz.de/10009294906
The global financial crisis that began in mid-2007 and exploded in the fall of 2008 shocked most economists. Some had raised concerns about the rapid growth in the housing market in developed countries, especially to “sub-prime,” high-risk borrowers. Others had been concerned about large...
Persistent link: https://www.econbiz.de/10009319891
The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a big bang approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock...
Persistent link: https://www.econbiz.de/10009647155
How do financial systems affect economic growth? How effective were international financial flows in promoting economic development in Southeast Europe in the Interwar Period? A large literature argues that financial systems evaluate prospective entrepreneurs, mobilize savings to finance the...
Persistent link: https://www.econbiz.de/10010611778