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spreads and risk insurance of credit default swaps, have transformed a financial crisis to an economic crisis in Greece … spatial impact of the economic crisis on Greek territory. Because of the austerity measures imposed in Greece from its lenders … of the ongoing (2009-...) economic crisis in Greece, assessing the resilience and development of the Greek regions. To …
Persistent link: https://www.econbiz.de/10011512754
Greece went into recession in 2009, after a decade of flourishing economic growth fluctuating annually around 4 percent … 2010, with a subsequent marginal reduction. The Eurozone countries and the IMF provided three rescue packages to Greece …. The first economic adjustment program was signed in May 2010 between Greece and Troika (the European Commission, The …
Persistent link: https://www.econbiz.de/10011498360
During the Greek crisis the wealth tax on real estate (WTRE) was increased four-fold as a percentage of GDP in order to boost fiscal revenues. This increase contributed to an essentially complete freeze of the real estate market, a considerable drop in real estate prices, and a substantial...
Persistent link: https://www.econbiz.de/10011498233
the systematic risk for value banking stocks, most likely because established banking firms in Greece hold large amounts …
Persistent link: https://www.econbiz.de/10012974610
We try to explain the origins and the dynamics of the sovereign debt crisis in Greece, in the context of critical …
Persistent link: https://www.econbiz.de/10013004958
involving immense risks not only for Greece, but also for the EMU project as a whole. We take a close look at Greece's past …
Persistent link: https://www.econbiz.de/10013021319
Purpose: The purpose of the paper is to offer a comparative analysis of the development of small enterprises in Greece … of small enterprises in the analyzed space time. On the contrary, the austerity program in Greece might negatively affect …
Persistent link: https://www.econbiz.de/10012293086
The Greek banking market developed considerably after the accession of Greece to the Eurozone, which was reflected on … the growth of number of banks, banking network and number of employees. The application of the austerity program in Greece …-performing loans, the reduction of banks operating in Greece due to mergers and acquisitions, bank bankruptcy and withdrawal of foreign …
Persistent link: https://www.econbiz.de/10012153561
This paper follows the great depression methodology of Kehoe and Prescott (2002, 2007) to study the importance of total factor productivity (TFP) in the Greek economic crisis over the period 2008-2017. Using growth accounting and the neo- classical growth model, the paper shows that exogenous...
Persistent link: https://www.econbiz.de/10014081914
The goal of the current study is to investigate changes in the way firms are financed and financial resources are allocated based on the characteristics of firms before and after the crisis. Using data on short-term and long-term loans of around 29,000 Greek firms in 7 sectors for the period...
Persistent link: https://www.econbiz.de/10013404115