Results 1 to 10 of about 342 (117)
Debt Relief as a Last Resort for the Lender of Last Resort? [PDF]
Intereconomics, 2021 The coronavirus crisis has led to a sharp increase in the debt-to-GDP ratios of the euro area member states. Without external support, access to the capital market could be seriously threatened in the medium term for Italy, but also for other member ...
Arne Hansen, Dirk Meyer
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Towards a New Euro Crisis? [PDF]
Intereconomics, 2022 There is thus a fundamental credibility issue about the willingness of the ECB to be a lender of last resort in the government bond markets. This will continue to make the eurozone a fragile construction.
Paul De Grauwe
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Implications of the Application of Dollarization for Macroeconomic Stability [PDF]
Economic Horizons, 2019 The aim of this paper is to present the costs and benefits of applying dollarization. The most common reason for accepting, in whole or in part, a foreign currency is the presence of a high and volatile inflation rate, which is followed by the ...
Vesna Martin
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Jahrbuch für Wirtschaftsgeschichte, 2022 We identify two approaches to financial crises in the history of political economy, namely, the exogenous approach whereby financial crises are sudden events, and the endogenous approach whereby they arise from a long process.
Carré Emmanuel, Le Maux Laurent
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Jahrbuch für Wirtschaftsgeschichte, 2022 The Latin Monetary Union (hereafter LMU) was established in 1865 between France, Italy, Belgium and Switzerland. The agreement provided for the adoption of a common monetary base consisting of specie, and the adoption of the free circulation of gold and ...
Barbaroux Nicolas
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The European central bank and the us federal reserve as lender of last resort [PDF]
Panoeconomicus, 2014 Without a lender of last resort financial stability is not possible and systemic financial crises get out of control. During and after the Great Recession the US Federal Reserve System (Fed) and the European Central Bank (ECB) took on the role ...
Herr Hansjörg
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Die Peelsche Bankakte und die Stabilität der Finanzmärkte in England, 1844–1890 [PDF]
Rechtsgeschichte - Legal History, 2020 This article examines the evolution of central banking in England during the 19th century. Although the Bank of England was, during the period examined in this contribution, a privatelyowned and privileged company, its money market operations (at least ...
Dieter Ziegler
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Do Indonesian Islamic Microfinance Institutions Need Lender of the Last Resort?
al-Uqud: Journal of Islamic Economics, 2020 Liquidity risk is one of significant risk managed by financial intermediaries including Islamic Microfinance Institutions (IMFIs). The financial intermediaries accept short-term deposits and disburse these deposits in the form of long-term loans.
Imron Mawardi +3 more
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The Sovereign Lender of Last Resort Role of the ECB: Rules, Choice, and Time
German Law Journal, 2023 This article argues that the European Central Bank (ECB), supported by the Court of Justice of the European Union (CJEU), can be perceived to have functionally softened the no sovereign lender of last resort (LOLR) rule originally implied by Articles 123
David Quinn
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MJERE ZA JAČANJE VALUTNOG ODBORA U BOSNI I HERCEGOVINI [PDF]
Zbornik Radova Ekonomskog Fakulteta u Istočnom Sarajevu, 2013 The paper analyzes the posibilties for modifying existing currency board in Bosnia and Herzegovina. Generally, the currency board, as a monetary policy and exchange rate regime, has significant advantages in that it enables macroeconomic stabilization ...
Dejan Kovačević
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