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Completing the monetary union of Europe as mid-term solution of the Euro crisis

Fischer, Justina A. V.; Pastore, Francesco - 2015

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …

Persistent link: https://www.econbiz.de/10011308548

The Global Financial Crisis’ Impact on the Eurozone : So Far, A Lost Decade

Gechev, Vasil - 2020

The Global Financial Crisis of 2007–2008 ranks among the biggest disruptions of the world economy in decades. The scope and severity of its impact are testified by the fact that 10 years after the crisis none of the world's major economies – Japan, Brazil, USA, Eurozone, Russia, China –...

Persistent link: https://www.econbiz.de/10012850191

Real Effects of the Sovereign Debt Crisis in Europe : Evidence from Syndicated Loans

Acharya, Viral V. - 2018

We explore the impact of the credit crunch that followed the European debt crisis on the corporate policies of European firms. We show that banks' exposures to impaired sovereign debt and the risk-shifting behavior of undercapitalized banks contributed significantly to the severity of the...

Persistent link: https://www.econbiz.de/10012937243

Safeguarding the Stability of the Greek Banking System Amidst the Fiscal Crisis in the Euro Area : Arrangements Before and After the Establishment of the European Banking Union

Gortsos, Christos - 2016

, 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 Euro Area Crisis Five Years After the Original Sin

Orphanides, Athanasios - In: Credit and Capital Markets – Kredit und Kapital 48 (2015) 4, pp. 535-565

? Studying the EU / IMF program that was imposed on Greece in May 2010 – the original sin of the crisis – highlights both the … member states and the euro area as a whole. Rather than help Greece, the May 2010 program was designed to protect specific … Griechenland im Mai 2010 auferlegt wurde (die Erbsünde der Krise), zeigt sowohl die Natur des Problems als auch die Schwierigkeit …

Persistent link: https://www.econbiz.de/10014524343

The Pronounced Impact of Macroeconomic Stress on the Financial Sector : Implications for Real Sector Growth

Hassan, M. Kabir - 2013

The financial sector incurred big losses during the recent financial collapse and recession. The losses occurred despite regulatory requirements imposed upon the financial services industry meant to ensure confidence and stability. This study analyzes the profitability and stock returns of...

Persistent link: https://www.econbiz.de/10013086830

The Fiscal Footprint of Macroprudential Policy

Reis, Ricardo - 2020

Monetary policy leaves a fiscal footprint. In some circumstances, relieving the fiscal burden becomes the main goal of policy, and inflation control is subordinate. This article notes that the same is true of macroprudential policy, and it characterizes the size and sign of its fiscal footprint,...

Persistent link: https://www.econbiz.de/10012831248