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Tug of War over Financial Assistance: Which Way Forward for Eurozone Stability Mechanisms?
This article analyses the development of financial assistance in the Eurozone since 2010. It argues that reforms to instruments and bodies, notably the European Financial Stability Facility, the European Stability Mechanism, and the current Covid-19 ...
Moritz Rehm
doaj +1 more source
Las carencias de la Unión Monetaria Europea. ¿necesita la UEM una solución?
Our study aims to reveal whether there are differences between the Eurozone and non-Eurozone countries in terms of their compliance with the variables established in the Maastricht criteria (inflation, public deficit, and public debt) to which we extend
Alina Stundžiené +2 more
doaj +1 more source
Which Way Goes Romanian Capitalism? – Making a Case for Reforms, Inclusive Institutions and a Better Functioning European Union [PDF]
This paper examines the Romanian economy and its version of capitalism from a long-term perspective and in a broad context. It focuses on economic prospects in the face of a legacy of backwardness and the endurance of domestic weaknesses, in the context ...
Daniel Dăianu, Bogdan Murgescu
doaj
Economic crisis and convergence in the Eurozone countries [PDF]
Although a key condition for the creation of a monetary union is the existence of similar structural characteristics that reduce the existence and incidence of asymmetric shocks, in the case of the Eurozone, most, if not all, studies have ...
Ferreiro Jesús +3 more
doaj +1 more source
ABSTRACT Considering the growing attention to sustainability and the increasing regulatory pressure in the European landscape, this study evaluates whether greenhouse gas emissions affect firms' cost of debt. A panel regression was conducted from 2021 to 2024 on two samples of European firms.
Daniela Cicchini +3 more
wiley +1 more source
ABSTRACT Policy process research has excelled in explaining structural policy change within national settings, but extensions and applications to the EU level have long proven challenging for scholars. Given that the EU is currently experiencing its longest period of Treaty stability since the 1980s—having evolved into a sui generis political system ...
Vassilis Karokis‐Mavrikos
wiley +1 more source
Europe at the Crossroad: Decline or Reconstruction?
Uncertainty and unease surround both Europe’s current predicament and future prospects. Be it national governments devoid of European solidarity, the self-contained Brussels bureaucracy or fear of another economic recession, the status quo in Europe ...
Aidnik Martin
doaj +1 more source
A Deep Learning Framework for Forecasting Medium‐Term Covariance in Multiasset Portfolios
ABSTRACT Forecasting the covariance matrix of asset returns is central to portfolio construction, risk management, and asset pricing. However, most existing models struggle at medium‐term horizons, several weeks to months, where shifting market regimes and slower dynamics prevail.
Pedro Reis, Ana Paula Serra, João Gama
wiley +1 more source
ABSTRACT Sustainability has become an important factor shaping financial markets and investor behavior. This paper examines the relationship between sustainability indices and Central European stock markets using a time–frequency approach. Wavelet coherence is employed to capture time‐varying co‐movements between sustainability indices and stock market
Zuzana Janková +4 more
wiley +1 more source
New Political and Economic Circumstances Surrounding Polish Accession to the Eurozone
The objective of this article is to demonstrate how political and economic circumstances surrounding Poland’s prospective accession to the eurozone have changed over the last decade and what conclusions can be drawn from these changes.
Witold Małecki
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