Political Constraints to the Resolution of Greece Sovereign Debt Crisis
The Eurozone Crisis. Jean Monnet/Robert Schuman Paper Vol. 12, No. 3, February 2012
... to political interests and objectives, the Eurozone's biggest failure has been the admittance of periphery countries such as Greece, which met the criteria for admittance through oversight on key ...of ...
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A European mechanism for sovereign debt crisis resolution: a proposal. Bruegel Blueprint Series, 9 November 2010
... a sovereign default would look like and what its effects on the euro would be, policymakers first procrastinated for months, with some insisting on the principle of no bail-out, and others affirming ...when ...
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Essays on Sovereign Debt Crisis
... endogenous sovereign default ...high debt-to-GDP ...endogenous sovereign default. Sosa Padilla (2014) studies the e¤ect of sovereign default via the …nancial ...…scal constraints. Uribe ...
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Sovereign risk and financial crisis: the international political economy of the Euro area sovereign debt crisis
... Greek sovereign debt crisis 96 ...of political economy ...other crisis experiences 97 ...domestic political system identified by Featherstone (2011) can be linked to the ...
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The Greek sovereign debt crisis and the Eurosystem
... Greek sovereign debt on the same terms it accepted German sovereign debt: there was no additional haircut for liquidity ...that Greece was likely headed toward disaster, but the Article ...
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Debt, Austerity or Fiscal Trap: Lessons from the Greek Case
... public debt while increasing in nominal amounts was kept almost constant as a percentage of GDP (around 100%), mainly due to strong domestic GDP ...period, debt service cost decreased significantly, due to ...
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The Portuguese Economic Crisis: Policies and Outcomes Bertelsmann Policy Brief, 19 02 2015
... economic crisis in the aftermath of 2008 is unique for several reasons: its depth, its speed and its global- ...out political shockwaves. In Europe, the crisis served as a wake-up ...and ...
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Essays in debt sustainability, effects of institutional changes on fiscal policy in the euro area and consumption responses to a shock in public salaries
... on debt variable in fiscal rules) were already harmonized, measured by their stan- dard deviation, even before the Maastricht period that led to a small decrease in dispersion in the ...European sovereign ...
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New Perspectives on EU-IMF Relations: A Step to Strengthen the EMU External Governance
... mitment to activate Art. 138 TFEU. The European Commission wanted to take into ac- count the progress achieved in the internal economic governance in response to the crisis to strengthen and consolidate its ...
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A Review of European Sovereign Debt Crisis: Causes and Consequences
... which the EU governments reached an agreement on an establishment of European Stability Mechanism and policy coordination to enhance the competitiveness of individual economies in short term [28]. Accordingly, the ...
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Restoring financial stability in the euro area CEPS Policy Brief No 237, 15 March 2011
... government debt of merely ...a sovereign into default if its cash holdings are smaller than the sum of interest payments and maturing debt in any one ...a sovereign which is borrowing in a ...
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The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis
... with Greece in ...that Greece was in a ...in Greece is caused by the method of ...of Greece, the offered interest rates had a sudden increase and debt circulation became to be ...
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Sovereign Defaults and Banking Crises
... and encouragement, I thank Pablo D’Erasmo, Enrique Mendoza, and Carmen Reinhart. I have also benefited from comments and suggestions by ´ Arp´ad ´ Abrah´am, Qingqing Cao, Rafael Dix-Carneiro, Aitor Erce Dominguez, Juan ...
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Understanding International Financial Crises
... banking crisis can also degenerate into a sovereign debt crisis since the cost (often very high) of bank bailout is financed by government ...banking crisis raises public debt to ...
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Preparedness, crisis management and policy change : EMU at the critical juncture of 2008 2013
... for Greece was 30 percent (Van Rixtel and Gasperini 2012, ...area crisis (Financial Times, 14 January 2013) and has earned Mario Draghi the ‘Financial Times Person of the Year’ award (Financial Times, 13 ...
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Effects of European Sovereign Debt (Leverage) Crisis on Bilateral Trade Flows
... The objective of the present study is then, to evaluate the effect of European sovereign debt crisis (ESDC) on bilateral trade flows of the Eurozone members, the theme that has been rare in ...
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A Dynamic Correlation Analysis of Financial Contagion: Evidence from the Eurozone Stock Markets
... European sovereign debt crisis using correlation analyses shows mixed ...European debt crisis (Claeys and Vasicek, 2014, Kalbaska and Gatkowski, 2012, Metiu 2012, Missio and Watzka, ...
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Europe between Nationalism Affirmation and Union Integration. 2014 and the Euro Discourse of Scepticism
... Public indifference or hostility towards the EU limits the scope of national governments to strengthen the Brussels institutions and sign up to more co-operation at EU level. Given that the EU is a complicated, ...
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Financial ideas, political constraints : the IPE of sovereign wealth funds
... Research Interviews: Elniski, Doug 2010, September Deputy Chair of the Standing Committee for the Alberta Heritage Savings Trust Fund, Legislative Assembly of Alberta, Edmonton Gordon, K[r] ...
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A less punishing, more forgiving approach to the debt crisis in the eurozone. CEPS Policy Brief No. 230/January 2011
... the debt crisis must be sought not in systematic punishments of governments and private market ...government debt ratios in different problematic eurozone ...the debt level these countries aim ...
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