Conditionality by other means: EU involvement in Italy’s structural reforms in the sovereign debt crisis

2014 ◽  
Vol 13 (1) ◽  
pp. 77-92 ◽  
Author(s):  
Stefano Sacchi
Keyword(s):  
Sovereign Debt ◽  
Debt Crisis ◽  
Structural Reforms ◽  
Sovereign Debt Crisis

Conclusion

2018 ◽  
Author(s):  
Nauro F. Campos ◽  
Paul De Grauwe ◽  
Yuemei Ji
Keyword(s):  
Financial Crisis ◽  
Business Cycle ◽  
Sovereign Debt ◽  
Global Financial Crisis ◽  
Debt Crisis ◽  
Structural Reform ◽  
Structural Reforms ◽  
Sovereign Debt Crisis ◽  
The Business Cycle ◽  
The Global Financial Crisis

Structural reform policies move like the business cycle. There are moments when these are implemented with great fervour and others when they are put on the back burner or even dismantled. After the global financial crisis, and in particular the sovereign debt crisis in Europe, many countries were forced by creditor countries or were self-imposed to apply deep reforms to their product markets and especially to their labour markets. Now that Europe is recovering, the pressure to implement structural reforms has abated....

Establishing a budgetary capacity in the Eurozone. Recent proposals and legal challenges

2017 ◽  
Vol 24 (6) ◽  
pp. 822-842
Author(s):  
Luca Lionello
Keyword(s):  
Sovereign Debt ◽  
Debt Crisis ◽  
Structural Reforms ◽  
Sovereign Debt Crisis ◽  
Legal Basis ◽  
Economic Shocks ◽  
Legal Challenges ◽  
Democratic Control ◽  
The Creation ◽  
The Impact

This article deals with the project of additional budgetary capacity for the Eurozone by investigating its meaning, features and feasibility. The different proposals that have been put forward hitherto describe it as a stabilisation tool aimed at fostering structural reforms and absorbing economic shocks to ensure the resilience of the EMU as a whole. This article will focus on three main issues. First, it will analyse why the need for additional budgetary capacity has arisen during the sovereign debt crisis. Second, it will describe how the additional budgetary capacity would realistically shape up in practice, taking into consideration both its possible revenues and objectives. The final part will then consider the main legal challenges that the creation of an additional budgetary capacity will have to deal with: the identification of the legal basis, the impact on the principle of conferral, the repression of moral hazard behaviours and the creation of an efficient mechanism of democratic control.

European Economies Stability Faced With Potential Outburst of Sovereign Debt Crisis. An Empirical Study Using Neural Network

2013 ◽  
Vol 12 (2) ◽  
pp. 3255-3260
Author(s):  
Stelian Stancu ◽  
Alexandra Maria Constantin
Keyword(s):  
Neural Network ◽  
Sovereign Debt ◽  
Debt Crisis ◽  
Banking System ◽  
Sovereign Debt Crisis ◽  
European Level ◽  
Continuous Growth ◽  
Economic Context ◽  
European Economies ◽  
The Impact

Instilment, on a European level, of a state incompatible with the state of stability on a macroeconomic level and in the financial-banking system lead to continuous growth of vulnerability of European economies, situated at the verge of an outburst of sovereign debt crises. In this context, the current papers main objective is to produce a study regarding the vulnerability of European economies faced with potential outburst of sovereign debt crisis, which implies quantitative analysis of the impact of sovereign debt on the sensitivity of the European Unions economies. The paper also entails the following specific objectives: completing an introduction in the current European economic context, conceptualization of the notion of “sovereign debt crisis, presenting the methodology and obtained empirical results, as well as exposition of the conclusions.

European Versus Anglo-Saxon Credit View: Evidence from the Eurozone Sovereign Debt Crisis

2016 ◽  
Author(s):  
Marc Altddrfer ◽  
Carlos A. De las Salas ◽  
Andre Guettler ◽  
Gunter LLffler
Keyword(s):  
Sovereign Debt ◽  
Debt Crisis ◽  
Sovereign Debt Crisis ◽  
Anglo Saxon ◽  
Credit View
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