Revisiting The Case For Debt Mutualization In The Euro Area A Quantitative Exploration

Author : Sakai Ando
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.09/5 ( download)

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Download or read book Revisiting the Case for Debt Mutualization in the Euro Area: a Quantitative Exploration written by Sakai Ando and published by International Monetary Fund. This book was released on 2023-03-17 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revisiting the Case for Debt Mutualization in the Euro Area: A Quantitative Exploration

Author : Sakai Ando
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.26/5 ( download)

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Download or read book Revisiting the Case for Debt Mutualization in the Euro Area written by Sakai Ando and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the feasibility of an idea proposed first by the German Council of Economic Experts in 2011 and revisited by Italian and French authorities in 2021: the one-off mutualization of some European legacy debt through the creation of a European Debt Management Agency (EDMA). The paper does not argue in favor or against these proposals or make a proposal of its own. Rather it outlines a conceptual framework that can be used to quantify the contours of mutualization proposals and draws lessons from the debt assumption in the United States in 1790. The framework suggests that by capitalizing the convenience yield on European-wide safe assets, the EDMA could issue up to 15 percent of euro area GDP, helping to put national debts on a sounder trajectory. The analysis suggests that, without mutualization, some euro area countries are likely to experience decreasing debt-to-GDP ratios over the forecast period. This is not the case for Belgium, Finland, France, Italy, and Spain, where further fiscal consolidation would be needed. For these countries, we consider the effects of a debt mutualization equivalent to 26 percent of their GDP. For Italy, this operation alone is enough to ensure a decreasing debt-to-GDP path. For the others, the news is more mixed: while the additional fiscal consolidation is smaller, 1.3 to 2.3 percent of GDP are still required to reduce debt with 95 percent probability.

Author : Mrs.Vanessa Le Lesle
Publisher : International Monetary Fund
ISBN 13 : 1475522037
Total Pages : 40 pages
Book Rating : 4.37/5 ( download)

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Download or read book Bank Debt in Europe written by Mrs.Vanessa Le Lesle and published by International Monetary Fund. This book was released on 2012-12-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in Europe. We argue that cyclical and structural factors have altered the structure, cost, and composition of funding for European banks. The paper discusses the consequences of shifting funding patterns and investor preferences and presents possible policy options and bank actions to enhance European bank funding models’ robustness.

Author : Claudia Sanchez Bajo
Publisher : Springer
ISBN 13 : 023030852X
Total Pages : 284 pages
Book Rating : 4.27/5 ( download)

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Download or read book Capital and the Debt Trap written by Claudia Sanchez Bajo and published by Springer. This book was released on 2011-08-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis is destroying wealth but is also a remarkable opportunity to uncover the ways by which debt can be used to regulate the economic system. This book uses four case studies of cooperatives to give an in-depth analysis on how they have braved the crisis and continued to generate wealth.

Author : Ms.Catherine McAuliffe
Publisher : International Monetary Fund
ISBN 13 : 1475539428
Total Pages : 55 pages
Book Rating : 4.24/5 ( download)

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Download or read book The East African Community written by Ms.Catherine McAuliffe and published by International Monetary Fund. This book was released on 2012-11-14 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.

Author : Maria João Rodrigues
Publisher : Do Sustainability
ISBN 13 : 1913019330
Total Pages : 275 pages
Book Rating : 4.34/5 ( download)

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Download or read book Our European Future: Charting a Progressive Course in the World written by Maria João Rodrigues and published by Do Sustainability. This book was released on 2021-07 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is facing many great challenges: from pandemics to climate change, and from increasing inequality to the issues surrounding digitalization. In a new and rapidly changing global landscape, Europe must look for solutions to these difficulties to follow up on its impressive decades-long process of integration. Europe has the capacity to chart a progressive course in the world. Our European Future offers solutions to rethink our socioeconomic model in the glare of the environmental and digital transformations; to redefine Europe’s role in the world to contribute to renewed multilateralism; to strengthen investment in public goods; and finally, to re-invent our democratic contract. The book brings together the insights of renowned experts from across Europe, and it should prove a handy guide for any progressive thinker, policymaker or activist, and for any citizen who would like to take part in the necessary democratic debate about our future. This book, edited by Maria João Rodrigues with the collaboration of François Balate, is a first contribution from the Foundation for European Progressives Studies to the Conference on the Future of Europe and beyond.

Author : Stuart I. Greenbaum
Publisher : Academic Press
ISBN 13 : 0124059341
Total Pages : 490 pages
Book Rating : 4.44/5 ( download)

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Download or read book Contemporary Financial Intermediation written by Stuart I. Greenbaum and published by Academic Press. This book was released on 2019-05-14 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary Financial Intermediation, 4th Edition by Greenbaum, Thakor, and Boot continues to offer a distinctive approach to the study of financial markets and institutions by presenting an integrated portrait that puts information and economic reasoning at the core. Instead of primarily naming and describing markets, regulations, and institutions as is common, Contemporary Financial Intermediation explores the subtlety, plasticity and fragility of financial institutions and credit markets. In this new edition every chapter has been updated and pedagogical supplements have been enhanced. For the financial sector, the best preprofessional training explains the reasons why markets, institutions, and regulators evolve they do, why we suffer recurring financial crises occur and how we typically react to them. Our textbook demands more in terms of quantitative skills and analysis, but its ability to teach about the forces shaping the financial world is unmatched. Updates and expands a legacy title in a valuable field Holds a prominent position in a growing portfolio of finance textbooks Teaches tactics on how to recognize and forecast fluctuations in financial markets

Author : P. Saunier
Publisher : Springer
ISBN 13 : 0230613810
Total Pages : 242 pages
Book Rating : 4.12/5 ( download)

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Download or read book Another Global City written by P. Saunier and published by Springer. This book was released on 2008-07-21 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection uses the transnational activities of municipal urban governments to historicize the origins and development of the global city, focusing on how urban problems were addressed with concepts that emerged from the "world in between" nations and cities.

Author : Nestor M. Davidson
Publisher : Cambridge University Press
ISBN 13 : 1108266207
Total Pages : 952 pages
Book Rating : 4.08/5 ( download)

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Download or read book The Cambridge Handbook of the Law of the Sharing Economy written by Nestor M. Davidson and published by Cambridge University Press. This book was released on 2018-11-22 with total page 952 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook grapples conceptually and practically with what the sharing economy - which includes entities ranging from large for-profit firms like Airbnb, Uber, Lyft, Taskrabbit, and Upwork to smaller, non-profit collaborative initiatives - means for law, and how law, in turn, is shaping critical aspects of the sharing economy. Featuring a diverse set of contributors from many academic disciplines and countries, the book compiles the most important, up-to-date research on the regulation of the sharing economy. The first part surveys the nature of the sharing economy, explores the central challenge of balancing innovation and regulatory concerns, and examines the institutions confronting these regulatory challenges, and the second part turns to a series of specific regulatory domains, including labor and employment law, consumer protection, tax, and civil rights. This groundbreaking work should be read by anyone interested in the dynamic relationship between law and the sharing economy.

Author : Samuel O Idowu
Publisher : Springer Science & Business Media
ISBN 13 : 3540688153
Total Pages : 505 pages
Book Rating : 4.50/5 ( download)

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Download or read book Global Practices of Corporate Social Responsibility written by Samuel O Idowu and published by Springer Science & Business Media. This book was released on 2008-12-21 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: Being socially responsible on the part of corporate entities is now no longer an option, it is part of their normal business obligations to all their stakeholders regardless of whether these are primary or secondary stakeholders. Modern societies around the world now expect corporate entities of all shapes and forms to be socially responsible in whatever they do; the “Global Practices of Corporate Social Responsibility” is a first attempt at bringing together in one book experts' accounts of how corporate entities in twenty independent nations around the world are dealing with the issue of CSR. The world today faces diverse social problems. These become apparent as one moves from one country to the next, interestingly, society now expects corporations to help in finding solutions to these problems. The problem of global warming affects us all; modern corporations can no longer continue to assume that the problem will go away, if nothing is done by them. We can all make a little difference by our actions.