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Persistent link: https://www.econbiz.de/10011717561
their impact on Greece's political economy. Greece represents a major test case as a recipient of two bailout loans plus …
Persistent link: https://www.econbiz.de/10010441911
Persistent link: https://www.econbiz.de/10011669761
The study looks at primary expenditure developments in the euro area, its three largest members and four "macro-imbalances" countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10008728760
presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal …, although stronger than in Ireland or Portugal. This quantification appears to be robust to various specification changes of the … sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper …
Persistent link: https://www.econbiz.de/10010464972
The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
Persistent link: https://www.econbiz.de/10013136395
This paper asks whether rating agencies played a passive role or were an active driving force during Europe's sovereign debt crisis. We address this by estimating relationships between sovereign debt ratings and macroeconomic and structural variables. We then use these equ-ations to decompose...
Persistent link: https://www.econbiz.de/10009124299
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The Target liabilities of the GIPS countries (Greece, Ireland, Portugal and Spain) amounted to314 billion euros in … destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …
Persistent link: https://www.econbiz.de/10009155848
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