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's announcement of its Outright Monetary Transaction (OMT) programme, and second, that austerity has left a legacy of unsustainable …
Persistent link: https://www.econbiz.de/10011282556
's announcement of its Outright Monetary Transaction (OMT) programme, and second, that austerity has left a legacy of unsustainable …
Persistent link: https://www.econbiz.de/10011289566
Persistent link: https://www.econbiz.de/10010357106
with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign …
Persistent link: https://www.econbiz.de/10009500683
with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign …
Persistent link: https://www.econbiz.de/10010331383
In the present paper an empirical analysis will point out that austerity measures due to high levels of government debt …
Persistent link: https://www.econbiz.de/10013118234
In the present paper an empirical analysis will point out that government debt as a percentage of GDP has a negative impact (among others) on banking profitability. This impact will be even worse when this debt as a percentage of GDP exceeds a certain critical level. The sample covers during the...
Persistent link: https://www.econbiz.de/10013118499
with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign …
Persistent link: https://www.econbiz.de/10009646276
This paper analyzes the impact of large-scale, unconventional asset purchases by advanced country central banks on emerging market economies (EMEs) during 2008-2014. I show that there was substantial heterogeneity in the way EME currency, equity, and long-term sovereign bond markets were...
Persistent link: https://www.econbiz.de/10011380810
In most countries, the central bank is required to hold reserve assets as a means of providing credibility for the value of the fiat currency. These assets can be in the form of gold, foreign exchange or some other internationally recognised reserve asset and are held to permit the country to...
Persistent link: https://www.econbiz.de/10011559200