Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Government Debts And Financial Markets In Europe PDF full book. Access full book title Government Debts And Financial Markets In Europe.
| Author | : Fausto Piola Caselli |
| Publisher | : Routledge |
| Total Pages | : 256 |
| Release | : 2015-10-06 |
| Genre | : History |
| ISBN | : 1317314239 |
Contains essays by historians of economic and financial history. It illuminates the relationships between government indebtedness and the development of financial markets in Europe from the late Middle Ages to the late twentieth century.
| Author | : European Commission. Directorate-General for Economic and Financial Affairs |
| Publisher | : |
| Total Pages | : 86 |
| Release | : 2001 |
| Genre | : Debts, Public |
| ISBN | : |
| Author | : Go Tamakoshi |
| Publisher | : Routledge |
| Total Pages | : 154 |
| Release | : 2015-02-11 |
| Genre | : Business & Economics |
| ISBN | : 1317629671 |
The global financial crisis saw many Eurozone countries bearing excessive public debt. This led the government bond yields of some peripheral countries to rise sharply, resulting in the outbreak of the European sovereign debt crisis. The debt crisis is characterized by its immediate spread from Greece, the country of origin, to its neighbouring countries and the connection between the Eurozone banking sector and the public sector debt. Addressing these interesting features, this book sheds light on the impacts of the crisis on various financial markets in Europe. This book is among the first to conduct a thorough empirical analysis of the European sovereign debt crisis. It analyses, using advanced econometric methodologies, why the crisis escalated so prominently, having significant impacts on a wide range of financial markets, and was not just limited to government bond markets. The book also allows one to understand the consequences and the overall impact of such a debt crisis, enabling investors and policymakers to formulate diversification strategies, and create suitable regulatory frameworks.
| Author | : Dimitris N. Chorafas |
| Publisher | : Elsevier |
| Total Pages | : 388 |
| Release | : 2013-10-19 |
| Genre | : Business & Economics |
| ISBN | : 0124200273 |
Public Debt Dynamics of Europe and the U.S., provides the evidence and implications of current policies by sovereigns and central banks, in dealing with the debt abyss. It brings in perspective the diversity of opinion reigning in modern economics and finance and outlines the themes which, among themselves, are defining the society in which we live. Our epoch has accepted the theory that leveraging is good for a person, a company or even a nation. This has led to the debt syndrome and its disastrous aftereffects. Throughout the book evidence emerges that piling up public debt can lead to an unmitigated disaster. This is demonstrated through case studies on Greece, Spain, Italy, France and the United States – in short, those western countries that nowadays have lost control of their senses and of their economy. This book uses real life examples, using case studies as evidence of good and bad approaches to social, economic and financial life. Live events also help as undisputable demonstrators of successes and failures in the search for solutions in getting out of the hole western governments find themselves. As Denis Healey, a former British chancellor of the Exchequer, once said: “The first law of holes is that if you are in one stop digging. Provides insight and implications on the current policies of sovereigns and central banks Uses real life practical examples and case studies on Greece, Spain, Italy, France and the United States Examines developing countries, particularly BRICS, and their exposure to debt Focuses on public health and the effects it has on the economy
| Author | : Nicolas Barreyre |
| Publisher | : Springer Nature |
| Total Pages | : 593 |
| Release | : 2020-10-26 |
| Genre | : Business & Economics |
| ISBN | : 3030487946 |
This book analyzes public debt from a political, historical, and global perspective. It demonstrates that public debt has been a defining feature in the construction of modern states, a main driver in the history of capitalism, and a potent geopolitical force. From revolutionary crisis to empire and the rise and fall of a post-war world order, the problem of debt has never been the sole purview of closed economic circles. This book offers a key to understanding the centrality of public debt today by revealing that political problems of public debt have and will continue to need a political response. Today’s tendency to consider public debt as a source of fragility or economic inefficiency misses the fact that, since the eighteenth century, public debts and capital markets have on many occasions been used by states to enforce their sovereignty and build their institutions, especially in times of war. It is nonetheless striking to observe that certain solutions that were used in the past to smooth out public debt crises (inflation, default, cancellation, or capital controls) were left out of the political framing of the recent crisis, therefore revealing how the balance of power between bondholders, taxpayers, pensioners, and wage-earners has evolved over the past 40 years. Today, as the Covid-19 pandemic opens up a dramatic new crisis, reconnecting the history of capitalism and that of democracy seems one of the most urgent intellectual and political tasks of our time. This global political history of public debt is a contribution to this debate and will be of interest to financial, economic, and political historians and researchers. Chapters 13 and 19 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
| Author | : L. V. Birck |
| Publisher | : Routledge |
| Total Pages | : 315 |
| Release | : 2014-06-17 |
| Genre | : Business & Economics |
| ISBN | : 1317807235 |
Written during the early 1920s, at a time when Europe was still recovering from the catastrophe of the First World War, L.V. Birck’s The Scourge of Europe examines the economic issues surrounding the existence of public debt, its history, and possible approaches to problems associated with public debt as they were being pursued by the great powers of the time. Birck’s analysis contains a rigorous theoretical exposition and explanation of public debt as it was understood in the crucial period leading up to the Great Depression. This is then followed by an insightful exploration of the role of public debt in European financial and economic history. Finally, some reflections on the policies of England, the United States, France and Germany in the latter part of the nineteenth and early-twentieth centuries are included. This book will appeal to economic and financial historians, as well as to those generally interested in European policies towards debt from the Middle Ages to modern times.
| Author | : Alfred Neymarck |
| Publisher | : |
| Total Pages | : 98 |
| Release | : 1888 |
| Genre | : Debts, Public |
| ISBN | : |
| Author | : Klaas Knot |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 232 |
| Release | : 1996-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781781959657 |
This is an extensive study concerned with the potential effects of fiscal policy on financial markets in the EU. It takes into account the gradual liberalization of capital movements through Western Europe & the framework of the European Monetary System.
| Author | : |
| Publisher | : World Bank Publications |
| Total Pages | : 148 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9780821343524 |
As the European Union (EU) launches its common currency (the Euro), Central European (CE) nations are searching for best practices in public liability management in order to smooth their integration into the EU. This work addresses that concern, examining borrowing policies, institution building, portfolio optimization, and the implications of the Euro and EU accession for public debt management. To help the CE countries achieve their goals, the World Bank and the European Commission held a two-day seminar in Brussels in mid-December 1997. European Union Accession presents the papers delivered at that seminar which was attended by all ten EU applicant countries: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia. The workshop pursued the following goals: 1. to investigate the implications of the launch of the Euro and of the EU accession on fiscal prudence and on the borrowing strategies of CE countries; 2. to facilitate the dissemination of the best public liabilities management techniques developed worldwide; and 3. to explore plausible arrangements to promote prudent public liabilities management in Central Europe through a regional expertise network.
| Author | : Daniel McGovern |
| Publisher | : Wiley |
| Total Pages | : 224 |
| Release | : 2012-11-30 |
| Genre | : Business & Economics |
| ISBN | : 9781118318591 |
Everything finance professionals need to know about Europe's sovereign debt crisis Europe's debt crisis continues unabated, resulting in steep borrowing costs, loss of access to capital markets, and unprecedented sovereign debt restructuring. Banking systems are suffering through deteriorating loan books, deposit outflows, and a loss of medium-term funding. The EU and European Central Bank have responded with massive bailout programs, but financial markets remain wary of the long-term prospects for Europe, particularly as the possibility of peripheral countries leaving the Eurozone increases. The European Debt Crisis and the Future of the Eurozone presents unique insider perspectives on the crisis with informed insight from key players in the ECB, major European governments, and ratings agencies, as well as leading bankers and market analysts. The book details the root causes of the crisis, including excessive leverage and large deficits, before exploring the role of credit ratings and credit default swaps in sustaining the crisis. It looks at what can be done to ensure liquidity for governments and banks and offers advice for investors on what to do if they become insolvent. It explains the reforms needed to put Europe's banks and governments on a stable long-term footing and what those reforms will mean for investors and finance and banking professionals. Includes a clear and compelling explanation of the sovereign debt crisis and what can be done to fix Europe's ailing banks and governments Enables readers to understand both how banking problems can overwhelm governments and how government debt problems can undermine local banking systems Written by a financial consultant with more than 25 years of experience working in sovereign debt, economic and financial research, and capital markets Europe's debt crisis and the reforms needed to solve it will have a major impact on financial and banking decisions for years to come. The European Debt Crisis and the Future of the Eurozone gives bankers and investors the information they need to successfully navigate the EU's shifting financial landscape.
