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Epameinondas Katsikas, Nikiforos T. Laopodis and Konstantinos Spanos
This paper investigates the dynamic stability of public debt and its solvency condition in the face of crisis periods (1980?2021) in a sample of 11 euro-area countries. The focus is on the feedback loop between the dynamic stability of public debt and in...
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Ad van Riet
Pág. Finance an - 57
European financial regulation consistently gives governments privileged access to private investors, reflecting the anchor role assigned to sovereign securities as safe and liquid assets for the financial system. Legislative reforms after the financial c...
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Carmelo Salleo, Alberto Grassi and Constantinos Kyriakopoulos
We propose a comprehensive approach for the analysis of real economy and government sector risk transmission to the banking system and apply it in ten Euro-Area countries from 2005 to 2017. A flexible methodology is developed to model banks? assets accor...
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Anastasios Pappas and Ioannis Kostakis
This study presents empirical evidence about the determinants of long-term government bond yields for 19 economies of the European Monetary Union (EMU) over the period 1995?2018 within a multivariate panel framework. The fixed effects estimators reveal t...
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Lorenzo F. Pace
Pág. 349 - 364
Nell?evoluzione giuridica e istituzionale dell?Unione Europea un ruolo importante è stato svolto dall?ordoliberalismo. Una delle ?battaglie? per cui l?ordoliberalismo è conosciuto è quella sui principi della politica monetaria e dell?organizzazione istit...
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Triyana Muliawati, . Kartono, Edi Cahyono
Pág. 17 - 25
In this paper we discuss the dynamics of exchange rate of Euro (EUR) relative to United States dollar (USD). The data is observed from daily data in the period 1 January 2005 to 31 December 2012. In this period of global financial crisis which is affecte...
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Marco Onado
Pág. 119 - 128
Le banche europee, e quelle italiane non fanno eccezione, sono cresciute molto grazie all?avvento dell?euro, secondo molti sono cresciute troppo. Hanno inoltre accumulato problemi strutturali che spiegano i risultati poco incoraggianti dei test svolti da...
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Francesco Bogliacino, Dario Guarascio
Pág. 257 - 289
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Gábor Kutasi
Pág. 25 - 39
Some EU members faced years of crisis in the first half of the 2010s with an excessive initial public debt, but several others had broad room for fiscal timulus. However, the prolonged duration of the European economic depression expended public budgets,...
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Nektarios A. Michail, Christos S. Savva and Demetris Koursaros
In the aftermath of the European sovereign debt crisis (2009?2014), the management of expectations has risen in importance. However, policy responses have emphasized the management of fiscal spending without examining the impact changes in the business c...
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