IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/68586.html
   My bibliography  Save this paper

The determinants of loan loss provisions:an analysis of the Greek banking systemin light of the sovereign debt crisis

Author

Listed:
  • Monokroussos, Platon
  • Thomakos, Dimitrios, D.
  • Alexopoulos, Thomas A.

Abstract

We utilize a new set of macroeconomic and regulatory data to analyze the evolution of loan loss provisioning practices in the Greek banking system over the period 2005-2015. We explore the determinants of the aggregate loan loss reserves to total loans ratio, which reflects the accumulation of provisions net of write-offs, and constitutes an important metric of the credit quality of loan portfolios. Our results suggest that domestic credit institutions respond relatively quickly to macroeconomic shocks, though the latter’s effects on the provisioning behavior of the domestic banking system show significant persistence. Furthermore, the impact of macroeconomic shocks on the loan loss reserves ratio has become stronger (both in terms of magnitude and statistical significance) following the outbreak of the Greek sovereign debt crisis. From a macro policy perspective, this result indicates that a sustainable stabilization of macroeconomic conditions is a key precondition for safeguarding domestic financial stability. For a regulatory standpoint, it suggests that the possibility of macroeconomic regime-related effects on banks’ provisioning policies should be taken into account when macro prudential stress tests of the banking system are designed and implemented.

Suggested Citation

  • Monokroussos, Platon & Thomakos, Dimitrios, D. & Alexopoulos, Thomas A., 2016. "The determinants of loan loss provisions:an analysis of the Greek banking systemin light of the sovereign debt crisis," LSE Research Online Documents on Economics 68586, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:68586
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/68586/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. James Ker-Lindsay, 2008. "The Security Dimensions of a Cyprus Solution," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 19, Hellenic Observatory, LSE.
    2. Daniel M. Knight, 2013. "Famine, Suicide and Photovoltaics: Narratives from the Greek crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 67, Hellenic Observatory, LSE.
    3. Pierre-Olivier Gourinchas & Thomas Philippon & Dimitri Vayanos, 2017. "The Analytics of the Greek Crisis," NBER Macroeconomics Annual, University of Chicago Press, vol. 31(1), pages 1-81.
    4. Marilena Simiti, 2014. "Rage and Protest: The case of the Greek Indignant movement," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 82, Hellenic Observatory, LSE.
    5. Christos Dimas, 2010. "Privatization in the Name of ‘Europe’: analyzing the telecoms privatization in Greece from a ‘discursive institutionalist’ perspective," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 41, Hellenic Observatory, LSE.
    6. Stelios Karagiannis & Yannis Panagopoulos & Prodromos Vlamis, 2010. "Symmetric or Asymmetric Interest Rate Adjustments? Evidence from Greece, Bulgaria and Slovenia," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 39, Hellenic Observatory, LSE.
    7. Anagnostopoulos, Achilleas & Siebert, W. Stanley, 2012. "The Impact of Greek Labour Market Regulation on Temporary and Family Employment: Evidence from a New Survey," IZA Discussion Papers 6504, Institute of Labor Economics (IZA).
    8. Caraveli, Helen & Tsionas, Efthymios G., 2012. "Economic restructuring, crises and the regions: the political economy of regional inequalities in Greece," LSE Research Online Documents on Economics 44882, London School of Economics and Political Science, LSE Library.
    9. Chalari, Athanasia & Sealey, Clive & Webb, Mike, 2016. "A comparison of subjective experiencesand responses to austerity of UK andGreek youth," LSE Research Online Documents on Economics 68585, London School of Economics and Political Science, LSE Library.
    10. Prodromos Vlamis, 2013. "Greek Fiscal Crisis and Repercussions for the Property Market," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 76, Hellenic Observatory, LSE.
    11. Nikos Christodoulakis, 2009. "Ten Years Of Emu: Convergence, Divergence And New Policy Priorities," National Institute Economic Review, National Institute of Economic and Social Research, vol. 208(1), pages 86-100, April.
    12. Antigone Lyberaki, 2010. "The Record of Gender Policies in Greece 1980-2010: legal form and economic substance," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 36, Hellenic Observatory, LSE.
    13. Yannis Kechagiaras, 2012. "Why did Greece block the Euro-Atlantic integration of the Former Yugoslav Republic of Macedonia? An Analysis of Greek Foreign Policy Behaviour Shifts," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 58, Hellenic Observatory, LSE.
    14. Dimitris N. Chryssochoou, 2009. "Making Citizenship Education Work: European and Greek perspectives," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 27, Hellenic Observatory, LSE.
    15. Athanasia Chalari & Clive Sealey & Mike Webb, 2016. "A Comparison of Subjective Experiences and Responses to Austerity of UK and Greek Youth," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 102, Hellenic Observatory, LSE.
    16. Voskeritsian, Horen & Kornelakis, Andreas, 2011. "Institutional change in Greek industrial relations in an era of fiscal crisis," LSE Research Online Documents on Economics 41758, London School of Economics and Political Science, LSE Library.
    17. Charalambos Tsekeris & Nikos Kaberis & Maria Pinguli, 2015. "Growth, Debt and Sovereignty: The Self in Crisis: The Experience of Personal and Social Suffering in Contemporary Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 92, Hellenic Observatory, LSE.
    18. George Kyris, 2014. "Europeanisation and 'Internalised' Conflicts: The Case of Cyprus," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 84, Hellenic Observatory, LSE.
    19. Nicholas APERGIS & Arusha COORAY, 2013. "New Evidence on the Remedies of the Greek Sovereign Debt Problem," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 79, Hellenic Observatory, LSE.
    20. Theodore Panagiotidis & Panagiotis Printzis, 2016. "On the macroeconomic determinants of the housing market in Greece: a VECM approach," International Economics and Economic Policy, Springer, vol. 13(3), pages 387-409, July.
    21. Dimas, Christos, 2010. "Privatization in the name of ‘Europe’: analyzing the telecoms privatization in Greece from a ‘discursive institutionalist’ perspective," LSE Research Online Documents on Economics 31089, London School of Economics and Political Science, LSE Library.
    22. Petralias, Athanassios & Petros, Sotirios & Prodromídis, Pródromos, 2013. "Greece in recession: economic predictions, mispredictions and policy implications," LSE Research Online Documents on Economics 52626, London School of Economics and Political Science, LSE Library.
    23. Kostas Ifantis & Dimitrios Triantaphyllou & Andreas Kotelis, 2015. "National Role and Foreign Policy:An Exploratory Study of Greek Elites’ Perceptions towards Turkey," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 94, Hellenic Observatory, LSE.
    24. Diana Bozhilova, 2010. "When Foreign Direct Investment is Good for Development: Bulgaria’s accession, industrial restructuring and regional FDI," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 33, Hellenic Observatory, LSE.
    25. Platon Monokroussos & Dimitrios D. Thomakos & Thomas A. Alexopoulos, 2016. "Explaining Non-Performing Loans in Greece: A Comparative Study on the Effects of Recession and Banking Practices," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 101, Hellenic Observatory, LSE.
    26. Chrysoloras, Nikos, 2013. "Rebuilding eurozone's ground zero: a review of the Greek economic crisis," LSE Research Online Documents on Economics 48254, London School of Economics and Political Science, LSE Library.
    27. Nick Papandreou, 2014. "Life in the First Person and the Art of Political Storytelling:The Rhetoric of Andreas Papandreou," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 85, Hellenic Observatory, LSE.
    28. Daniel M.Knight, 2014. "A Critical Perspective on Economy, Modernity and Temporality in Contemporary Greece through the Prism of Energy Practice," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 81, Hellenic Observatory, LSE.
    29. Maria Karamessini, 2010. "Transition Strategies and Labour Market Integration of Greek University Graduates," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 32, Hellenic Observatory, LSE.
    30. Alexis Heraclides, 2011. "The Essence of the Greek-Turkish Rivalry: National Narrative and Identity," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 51, Hellenic Observatory, LSE.
    31. Lois Labrianidis & Manolis Pratsinakis, 2016. "Greece’s new Emigration at times of Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 99, Hellenic Observatory, LSE.
    32. Effie Fokas, 2008. "A new role for the church? Reassessing the place of religion in the Greek public sphere," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 17, Hellenic Observatory, LSE.
    33. Yiannos Katsourides, 2013. "Political Parties and Trade Unions in Cyprus," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 74, Hellenic Observatory, LSE.
    34. Apergis, Nicholas, 2011. "Characteristics of inflation in Greece: mean spillover effects among CPI components," LSE Research Online Documents on Economics 32597, London School of Economics and Political Science, LSE Library.
    35. George Alogoskoufis, 2013. "Macroeconomics and Politics in the Accumulation of Greece’s Debt: An econometric investigation, 1975-2009," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 68, Hellenic Observatory, LSE.
    36. Mamatzakis, Emmanuel, 2013. "Are there any animal spirits behind the scenes of the Euro area sovereign debt crisis?," LSE Research Online Documents on Economics 50984, London School of Economics and Political Science, LSE Library.
    37. Diana Bozhilova, 2009. "EU Energy Policy and Regional Co-operation in South-East Europe: managing energy security through diversification of supply?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 24, Hellenic Observatory, LSE.
    38. Bozhilova, Diana, 2009. "EU energy policy and regional co-operation in South-East Europe: managing energy security through diversification of supply?," LSE Research Online Documents on Economics 24199, London School of Economics and Political Science, LSE Library.
    39. Marilena Simiti, 2015. "‘Social Need’ or ‘Choice’? Greek Civil Society during the Economic Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 95, Hellenic Observatory, LSE.
    40. Antigone Lyberaki, 2008. "“Deae ex Machina”: migrant women, care work and women’s employment in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 20, Hellenic Observatory, LSE.
    41. Matsaganis, Manos & Benedek, Dóra & Flevotomou, Maria & Lelkes, Orsolya & Mantovani, Daniela & Nienadowska, Sylwia, 2010. "Distributional implications of income tax evasion in Greece, Hungary and Italy," MPRA Paper 21465, University Library of Munich, Germany.
    42. Nicos Christodoulakis, 2013. "Currency crisis and collapse in interwar Greece: predicament or policy failure?," European Review of Economic History, Oxford University Press, vol. 17(3), pages 272-293, August.
    43. Nikos Chrysoloras, 2013. "Rebuilding Eurozone’s Ground Zero. A review of the Greek economic crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 66, Hellenic Observatory, LSE.
    44. Efi Vraniali, 2010. "Rethinking Public Financial Management and Budgeting in Greece: time to reboot?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 37, Hellenic Observatory, LSE.
    45. Kostas Ifantis, 2013. "The US and Turkey in the fog of Regional Uncertainty," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 73, Hellenic Observatory, LSE.
    46. Elpida Prasopoulou, 2011. "In quest for accountability in Greek public administration: The case of the Taxation Information System (TAXIS)," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 53, Hellenic Observatory, LSE.
    47. George Alogoskoufis, 2012. "Greece’s Sovereign Debt Crisis: Retrospect and Prospect," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 54, Hellenic Observatory, LSE.
    48. Kosmidis, Spyros, 2013. "Government constraints and economic voting in Greece," LSE Research Online Documents on Economics 50259, London School of Economics and Political Science, LSE Library.
    49. Spyros Economides, 2008. "The Politics of Differentiated Integration: the case of the Balkans," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 18, Hellenic Observatory, LSE.
    50. David Hugh-Jones & Alexia Katsanidou & Gerhard Riener, 2009. "Political Discrimination in the Aftermath of Violence: the case of the Greek riots," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 30, Hellenic Observatory, LSE.
    51. George Kazamias, 2010. "From Pragmatism to Idealism to Failure: Britain in the Cyprus crisis of 1974," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 42, Hellenic Observatory, LSE.
    52. Julien Etienne, 2013. "Controlled negative reciprocity between the state and civil society: the Greek case," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 71, Hellenic Observatory, LSE.
    53. Georgia Kaplanoglou & Vassilis T. Rapanos, 2011. "The Greek Fiscal Crisis and the Role of Fiscal Governance," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 48, Hellenic Observatory, LSE.
    54. Stella Ladi, 2012. "The Eurozone Crisis and Austerity Politics: A Trigger for Administrative Reform in Greece?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 57, Hellenic Observatory, LSE.
    55. Asteris Huliaras & Sophia Kalantzakos, 2016. "Looking for an Oasis of Support: Greece and the Gulf states," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 96, Hellenic Observatory, LSE.
    56. Christodoulakis, Nicos, 2014. "The conflict trap in the Greek Civil War 1946-1949: an economic approach," LSE Research Online Documents on Economics 56228, London School of Economics and Political Science, LSE Library.
    57. Daphne Halikiopoulou & Kyriaki Nanou & Sofia Vasilopoulou, 2016. "Changing the policy agenda? The impact of the Golden Dawn on Greek party politics," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 103, Hellenic Observatory, LSE.
    58. Christos Lyrintzis, 2011. "Greek Politics in the Era of Economic Crisis: Reassessing Causes and Effects," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 45, Hellenic Observatory, LSE.
    59. Lyrintzis, Christos, 2011. "Greek politics in the era of economic crisis: reassessing causes and effects," LSE Research Online Documents on Economics 33826, London School of Economics and Political Science, LSE Library.
    60. Bozhilova, Diana, 2010. "When foreign direct investment is good for development: Bulgaria’s accession, industrial restructuring and regional FDI," LSE Research Online Documents on Economics 27673, London School of Economics and Political Science, LSE Library.
    61. Yannis Valinakis, 2012. "Greece’s European Policy Making," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 63, Hellenic Observatory, LSE.
    62. Vassilis Monastiriotis & Yiannis Psycharis, 2011. "Without purpose and strategy? A spatio-functional analysis of the regional allocation of public investment in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 49, Hellenic Observatory, LSE.
    63. Manussos Marangudakis & Kostas Rontos & Maria Xenitidou, 2013. "State Crisis and Civil Consciousness in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 77, Hellenic Observatory, LSE.
    64. Vraniali, Efi, 2010. "Rethinking public financial management and budgeting in Greece: time to reboot?," LSE Research Online Documents on Economics 29097, London School of Economics and Political Science, LSE Library.
    65. Sophia Dimelis, Ioannis Giotopoulos and Helen Louri, 2015. "Can Firms Grow Without Credit? Evidence from the Euro Area, 2005-2011: A Quantile Panel Analysis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 89, Hellenic Observatory, LSE.
    66. Spyros Kosmidis, 2013. "Government Constraints and Economic Voting in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 70, Hellenic Observatory, LSE.
    67. Vassilis Monastiriotis & George Petrakos, 2009. "Local Sustainable Development and Spatial Cohesion in the Post-transition Balkans: in search of a developmental model," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 29, Hellenic Observatory, LSE.
    68. Matsaganis, Manos & Flevotomou, Maria, 2010. "Distributional implications of tax evasion in Greece," LSE Research Online Documents on Economics 26074, London School of Economics and Political Science, LSE Library.
    69. Platon Monokroussos, 2014. "The Challenge of Restoring Debt Sustainability in a Deep Economic Recession: The case of Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 87, Hellenic Observatory, LSE.
    70. Spyros Skouras & Nicos Christodoulakis, 2011. "Electoral Misgovernance Cycles: Evidence from wildfires and tax evasion in Greece and elsewhere," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 47, Hellenic Observatory, LSE.
    71. Melina Skouroliakou, 2012. "The Communication Factor in Greek Foreign Policy: An Analysis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 55, Hellenic Observatory, LSE.
    72. Makrydemetres, Anthony & Zervopoulos, Panagiotis D. & Pravita, Maria-Eliana, 2016. "Reform of public administration in Greece: evaluating structural reform of central government departmentsin Greece: application of the DEA methodology," LSE Research Online Documents on Economics 65567, London School of Economics and Political Science, LSE Library.
    73. Tinios, Platon, 2010. "Vacillations around a pension reform trajectory: time for a change?," LSE Research Online Documents on Economics 27674, London School of Economics and Political Science, LSE Library.
    74. Labrianidis, Lois & Pratsinakis, Manolis, 2016. "Greece’s new emigration at times of crisis," LSE Research Online Documents on Economics 66811, London School of Economics and Political Science, LSE Library.
    75. Lyberaki, Antigone, 2010. "The record of gender policies in Greece 1980-2010: legal form and economic substance," LSE Research Online Documents on Economics 28437, London School of Economics and Political Science, LSE Library.
    76. Vlamis, Prodromos, 2013. "Greek fiscal crisis and repercussions for the property market," LSE Research Online Documents on Economics 52627, London School of Economics and Political Science, LSE Library.
    77. Vassilis Monastiriotis & Andreas Antoniades, 2009. "Reform that! Greece’s failing reform technology: beyond ‘vested interests’ and ‘political exchange’," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 28, Hellenic Observatory, LSE.
    78. Olga Christodoulaki & Haeran Cho & Piotr Fryzlewicz, 2011. "A Reflection of History: Fluctuations in Greek Sovereign Risk between 1914 and 1929," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 50, Hellenic Observatory, LSE.
    79. Stavros B. Thomadakis, 2015. "Growth, Debt and Sovereignty: Prolegomena to the Greek Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 91, Hellenic Observatory, LSE.
    80. Monokroussos, Platon, 2014. "The challenge of restoring debt sustainability in a deep economic recession: the case of Greece," LSE Research Online Documents on Economics 59668, London School of Economics and Political Science, LSE Library.
    81. Vassilis Arapoglou, Kostas Gounis, 2015. "Poverty and Homelessness in Athens: Governance and the Rise of an Emergency Model of Social Crisis Management," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 90, Hellenic Observatory, LSE.
    82. Elias Katsikas & Theodore Panagiotidis, 2010. "Student Status and Academic Performance: an approach of the quality determinants of university studies in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 40, Hellenic Observatory, LSE.
    83. Manos Matsaganis & Maria Flevotomou, 2010. "Distributional Implications of Tax Evasion in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 31, Hellenic Observatory, LSE.
    84. Vassilis Monastiriotis & Angelo Martelli, 2013. "Beyond Rising Unemployment: Unemployment Risk, Crisis and Regional Adjustments in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 80, Hellenic Observatory, LSE.
    85. Lyberaki, Antigone, 2008. "“Deae ex Machina”: migrant women, care work and women’s employment in Greece," LSE Research Online Documents on Economics 23183, London School of Economics and Political Science, LSE Library.
    86. Anastassios Chardas, 2012. "Multi-level governance and the application of the partnership principle in times of economic crisis in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 56, Hellenic Observatory, LSE.
    87. Knight, Daniel M., 2013. "Famine, suicide and photovoltaics: narratives from the Greek crisis," LSE Research Online Documents on Economics 48119, London School of Economics and Political Science, LSE Library.
    88. George Pagoulatos & Nikolaos Zahariadis, 2011. "Politics, Labor, Regulation, and Performance: lessons from the privatization of OTE," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 46, Hellenic Observatory, LSE.
    89. Christodoulaki, Olga & Cho, Haeran & Fryzlewicz, Piotr, 2011. "A reflection of history: fluctuations in Greek sovereign risk between 1914 and 1929," LSE Research Online Documents on Economics 38378, London School of Economics and Political Science, LSE Library.
    90. Gourinchas, Pierre-Olivier & Philippon, Thomas & Vayanos, Dimitri, 2016. "The analytics of the Greek crisis: celebratory centenary issue," LSE Research Online Documents on Economics 67368, London School of Economics and Political Science, LSE Library.
    91. Eugenia Markova, 2010. "Effects of Migration on Sending Countries: lessons from Bulgaria," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 35, Hellenic Observatory, LSE.
    92. Iris Boussiakou, 2008. "Religious Freedom and Minority Rights in Greece: the case of the Muslim minority in western Thrace," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 21, Hellenic Observatory, LSE.
    93. Dimitris Venieris, 2013. "Crisis Social Policy and Social Justice: the case for Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 69, Hellenic Observatory, LSE.
    94. Thomadakis, Stavros B., 2015. "Growth, debt and sovereignty prolegomena to the Greek crisis," LSE Research Online Documents on Economics 62081, London School of Economics and Political Science, LSE Library.
    95. Knight, Daniel M., 2014. "A critical perspective on economy, modernity and temporality in contemporary Greece through the prism of energy practice," LSE Research Online Documents on Economics 55285, London School of Economics and Political Science, LSE Library.
    96. Rosa VAsilaki, 2016. "Policing the crisis in Greece: The others' side of the story," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 98, Hellenic Observatory, LSE.
    97. Tsekeris, Charalambos & Kaberis, Nikos & Pinguli, Maria, 2015. "The self in crisis: the experience of personal and social suffering in contemporary Greece," LSE Research Online Documents on Economics 62362, London School of Economics and Political Science, LSE Library.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hatgioannides, John & Karanassou, Marika & Sala, Hector & Karanasos, Menelaos G. & Koutroumpis, Panagiotis, 2017. "The legacy of a fractured Eurozone: the Greek Dra(ch)ma," LSE Research Online Documents on Economics 84542, London School of Economics and Political Science, LSE Library.
    2. Jordaan, Jacob A. & Monastiriotis, Vassilis, 2016. "The domestic productivity effects of FDI in Greece: loca(lisa)tion matters!," LSE Research Online Documents on Economics 68816, London School of Economics and Political Science, LSE Library.
    3. Fukuyama, Hirofumi & Tsionas, Mike & Tan, Yong, 2023. "Dynamic network data envelopment analysis with a sequential structure and behavioural-causal analysis: Application to the Chinese banking industry," European Journal of Operational Research, Elsevier, vol. 307(3), pages 1360-1373.
    4. Kougias, Konstantinos, 2017. "‘Real’ flexicurity worlds in action: evidence from Denmark and Greece," LSE Research Online Documents on Economics 69576, London School of Economics and Political Science, LSE Library.
    5. Konstantinos Kougias, 2017. "‘Real’ Flexicurity Worlds in action: Evidence from Denmark and Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 106, Hellenic Observatory, LSE.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jordaan, Jacob A. & Monastiriotis, Vassilis, 2016. "The domestic productivity effects of FDI in Greece: loca(lisa)tion matters!," LSE Research Online Documents on Economics 68816, London School of Economics and Political Science, LSE Library.
    2. Konstantinos Kougias, 2017. "‘Real’ Flexicurity Worlds in action: Evidence from Denmark and Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 106, Hellenic Observatory, LSE.
    3. Kougias, Konstantinos, 2017. "‘Real’ flexicurity worlds in action: evidence from Denmark and Greece," LSE Research Online Documents on Economics 69576, London School of Economics and Political Science, LSE Library.
    4. Athanasia Chalari & Clive Sealey & Mike Webb, 2016. "A Comparison of Subjective Experiences and Responses to Austerity of UK and Greek Youth," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 102, Hellenic Observatory, LSE.
    5. Chalari, Athanasia & Sealey, Clive & Webb, Mike, 2016. "A comparison of subjective experiencesand responses to austerity of UK andGreek youth," LSE Research Online Documents on Economics 68585, London School of Economics and Political Science, LSE Library.
    6. Rosa VAsilaki, 2016. "Policing the crisis in Greece: The others' side of the story," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 98, Hellenic Observatory, LSE.
    7. Stavros Thomadakis, Dimitrios Gounopoulos, Christos Nounis and Michalis Riginos, 2014. "Financial Innovation and Growth: Listings and IPOs from 1880 to World War II in the Athens Stock Exchange," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 86, Hellenic Observatory, LSE.
    8. Vassilis Arapoglou, Kostas Gounis, 2015. "Poverty and Homelessness in Athens: Governance and the Rise of an Emergency Model of Social Crisis Management," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 90, Hellenic Observatory, LSE.
    9. Christodoulakis, Nicos, 2014. "The conflict trap in the Greek Civil War 1946-1949: an economic approach," LSE Research Online Documents on Economics 56228, London School of Economics and Political Science, LSE Library.
    10. Stavros B. Thomadakis, 2015. "Growth, Debt and Sovereignty: Prolegomena to the Greek Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 91, Hellenic Observatory, LSE.
    11. Yiannos Katsourides, 2013. "Political Parties and Trade Unions in Cyprus," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 74, Hellenic Observatory, LSE.
    12. Prodromos Vlamis, 2013. "Greek Fiscal Crisis and Repercussions for the Property Market," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 76, Hellenic Observatory, LSE.
    13. Nick Papandreou, 2014. "Life in the First Person and the Art of Political Storytelling:The Rhetoric of Andreas Papandreou," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 85, Hellenic Observatory, LSE.
    14. Kosmidis, Spyros, 2013. "Government constraints and economic voting in Greece," LSE Research Online Documents on Economics 50259, London School of Economics and Political Science, LSE Library.
    15. Spyros Kosmidis, 2013. "Government Constraints and Economic Voting in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 70, Hellenic Observatory, LSE.
    16. Manussos Marangudakis & Kostas Rontos & Maria Xenitidou, 2013. "State Crisis and Civil Consciousness in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 77, Hellenic Observatory, LSE.
    17. Vassilis Monastiriotis & Angelo Martelli, 2013. "Beyond Rising Unemployment: Unemployment Risk, Crisis and Regional Adjustments in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 80, Hellenic Observatory, LSE.
    18. Emmanuel Mamatzakis, 2013. "Are there any Animal Spirits behind the Scenes of the Euro area Sovereign Debt Crisis?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 72, Hellenic Observatory, LSE.
    19. Helen Caraveli & Efthymios G. Tsionas, 2012. "Economic Restructuring, Crises and the Regions: The Political Economy of Regional Inequalities in Greece," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 61, Hellenic Observatory, LSE.
    20. Voskeritsian, Horen & Kornelakis, Andreas, 2011. "Institutional change in Greek industrial relations in an era of fiscal crisis," LSE Research Online Documents on Economics 41758, London School of Economics and Political Science, LSE Library.

    More about this item

    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:68586. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.