Research literature

Research literature 138 records found  beginprevious104 - 113nextend  jump to record: Search took 0.02 seconds. 
104.
23 p, 429.6 KB Euro CAC and the existing rules on sovereign debt restructuring in the Euro area : An appraisal four years after the Greek debt swap / Martinelli, Thibault
After explaining the role of Collective Action Clauses (CAC), this paper explores how these have been developed in the 'statutory' CAC operation in Greece in 2012 and the Euro-area CAC provisions found in the ESM Treaty which apply to all Euro-area bonds issued from 2013. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 43)  
105.
55 p, 726.6 KB When fiscal consolidation meets private deleveraging / Andrés Domingo, Javier ; Arce, Óscar ; Thomas, Carlos
We analyze the interaction between fiscal consolidations and private sector deleveraging in an economy inside a monetary union. Pre-existing long-term collateralized private debt - a core ingredient of the deleveraging process - plays a critical role in shaping fiscal multipliers. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 42)  
106.
67 p, 800.7 KB How does access to the unsecured debt market affect investment? / Biguri, Kizkitza
This paper examines the relation between debt structure and investment, by exploiting differences in secured and unsecured debt holdings. In order to address endogeneity concerns, I exploit two sources of exogenous variation for identification. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 41)  
107.
38 p, 431.0 KB Risk diversification and the large-small bank dichotomy in money markets / Rodríguez Mendizábal, Hugo
This paper presents a theoretical model based on risk diversification to rationalize the observed dichotomy in money markets by which small banks are net providers of funds while large banks become net purchasers. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 40)  
108.
57 p, 736.6 KB Exit expectations and debt crises in currency unions? / Kriwoluzky, Alexander ; Müller, Gernot J. ; Wolf, Martin
Membership in a currency union is not irreversible. Exit expectations may emerge during sovereign debt crises, because exit allows countries to reduce their liabilities through a currency redenomination. [...]
2016 (Ademu Working Papers Series ; 5)  
109.
15 p, 202.5 KB EMU and national constitutional conditions to long term change / Fasone, Cristina ; Beukers, Thomas
Significant long-term developments in EMU are conditioned not only by the current EU legal framework but also by national constitutions. Conditions are posed by constitutional courts interpreting the constitution, by putting limits to transfers of sovereignty and by putting limits on the basis of rights protection. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2015 (ADEMU Working Paper Series ; 39)  
110.
24 p, 768.9 KB Bank resolution credibility and economic implications / Yiatrou, Mikaella
This paper tests the credibility of the bank resolution regime in the European Union in removing the implicit public guarantee that governments will bail-out their troubled banks, and discusses the implications of a resolution regime with limited credibility. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 38)  
111.
13 p, 510.6 KB An overview of legal aspects of risk sharing / Leino, Päivi
This paper discusses the legal and institutional aspects relating to risk-sharing mechanisms at EU level. For this purpose, an attempt will first be made to define a "risk-sharing mechanism" and the relevant legal framework, most notably the no bail-out clause included in Article 125 TFEU. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2015 (ADEMU Working Paper Series ; 37)  
112.
25 p, 375.7 KB On the limits of EU economic policy coordination / Leino, Päivi ; Saarenheimo, Tuomas
Successive EMU roadmaps have presented the expansion of EU controls over Member States' economic policies as an integral part of monetary union, vital to its survival. Possible alternatives have been hardly discussed. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 36)  
113.
48 p, 339.5 KB The mystery of the printing press monetary policy and self-fulfilling debt crises / Corsetti, Giancarlo ; Dedola, Luca
We study the conditions under which unconventional (balance-sheet) monetary policy can rule out self-fulfilling sovereign default in a model with optimizing but discretionary scale and monetary policymakers. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 35)  

Research literature : 138 records found   beginprevious104 - 113nextend  jump to record:
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