The Roots of the Eurozone Sovereign Debt Crisis: PIGS vs Non-PIGS
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Milesi-Ferretti, Gian Maria & Moriyama, Kenji, 2006.
"Fiscal adjustment in EU countries: A balance sheet approach,"
Journal of Banking & Finance, Elsevier, vol. 30(12), pages 3281-3298, December.
- Mr. Kenji Moriyama & Mr. Gian M Milesi-Ferretti, 2004. "Fiscal Adjustment in EU Countries: A Balance Sheet Approach," IMF Working Papers 2004/143, International Monetary Fund.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Francisco Rebelo & Ester Gomes da Silva, 2013.
"Export variety, technological content and economic performance: The case of Portugal,"
Papers in Evolutionary Economic Geography (PEEG)
1310, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jun 2013.
- Francisco Rebelo & Ester Gomes da Silva, 2013. "Export variety, technological content and economic performance: The case of Portugal," FEP Working Papers 491, Universidade do Porto, Faculdade de Economia do Porto.
- Chung-Fu Lai & Shan-Kai Tsa, 2015. "Diversified Currency Holdings and Exchange Rate Dynamics," International Journal of Economics and Financial Issues, Econjournals, vol. 5(3), pages 678-689.
- Dapontas Dimitrios, 2012. "Can Euro Zone Survive and Long Prosper?," Journal of Economics and Behavioral Studies, AMH International, vol. 4(2), pages 121-128.
- Haytham Y.M. Ewaida, 2016. "The European Crisis Without End: The Consequences of European Monetary Integration," International Journal of Business and Social Research, LAR Center Press, vol. 6(8), pages 15-30, August.
- Haytham Y.M. Ewaida, 2016. "The European Crisis Without End: The Consequences of European Monetary Integration," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 6(8), pages 15-30, August.
- Mikhail Stolbov, 2014. "How Are Interbank and Sovereign Debt Markets Linked? Evidence from 14 OECD Countries, the Euro Area and Russia," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(3), pages 331-348, June.
- Batavia, Bala & Nandakumar, Parameswar & Wague, Cheick, 2013. "Export stagnation and budget deficits in the peripheral EU nations with EMU membership," The Journal of Economic Asymmetries, Elsevier, vol. 10(2), pages 94-100.
- Lena Malešević-Perović, 2016. "Government Debt-Interest Rate Nexus in G7 Countries over a Long Horizon," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 63(5), pages 603-625, December.
- Gulbahar UCLER & Hale KIRMIZIOGLU, 2015. "The Reasons of Eurozone Sovereign Debt Crisis and an Empirical Analysis over Permanency of the Crisis," International Journal of Economics and Financial Issues, Econjournals, vol. 5(1), pages 86-96.
- Tomasz Uryszek, 2014. "Public finance crisis and sustainable development financing – evidence from EU economies," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 3(1), pages 161-173.
- Pami Dua & Divya Tuteja, 2017. "Impact Of Eurozone Sovereign Debt Crisis On China And India," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(05), pages 1137-1164, December.
- Abel L. Costa Fernandes & Paulo R. Mota, 2013. "The Euro Zone Peripheral Countries’ Sovereign Debt Crisis: Also a Case of Non-Mature Democracies?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(3), pages 291-310, May.
- Nadezhda Ivanova, 2014. "Position and perspectives for enhancement of competitiveness in the Southern EU member-states five years after the beginning of the crisis," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 115-129.
- Xanthippi Chapsa & Athanasios L. Athanasenas & Nikolaos Tabakis, 2019. "Real Convergence in EU-15: A Comparative Analysis of North versus South Europe," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 3-21.
- Dimitrios Dapontas, 2013. "Saving Euro by Dividing Europe in Multiple OCAs," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(2), pages 107-119, April.
- Vania Palmieri & Mario Turco, 2020. "Crisi e cambiamento delle istituzioni di contabilit? pubblica. Il caso delle amministrazioni centrali dello Stato," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2020(3), pages 87-112.
- Taki Fiti & Biljana Tashevska, 2013. "The European Debt Crisis And Its Implications On The Macedonian Economy," Journal Articles, Center For Economic Analyses, pages 25-42, June.
- Abel L. Costa Fernandes & Paulo R. Mota, 2012. "The Present Sovereign Debt Crisis Of The Euro Zone Peripheral Countries: A Case Of Non-Mature Democracies And Less Developed Economies," FEP Working Papers 458, Universidade do Porto, Faculdade de Economia do Porto.
- Paulo R. Mota & Abel L. Costa Fernandes & Ana-Cristina Nicolescu, 2012. "The Recent Dynamics of Public Debt in the European Union: A Matter of Fundamentals or the Result of a Failed Monetary Experiment?," FEP Working Papers 467, Universidade do Porto, Faculdade de Economia do Porto.
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.- Marco Buti & João Nogueira Martins & Alessandro Turrini, 2007.
"From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules,"
CESifo Economic Studies, CESifo Group, vol. 53(1), pages 115-152, March.
- Turrini, Alessandro & Buti, Marco & ,, 2006. "From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules," CEPR Discussion Papers 5809, C.E.P.R. Discussion Papers.
- Canova, Fabio & Pappa, Evi, 2006.
"The elusive costs and the immaterial gains of fiscal constraints,"
Journal of Public Economics, Elsevier, vol. 90(8-9), pages 1391-1414, September.
- Canova, Fabio & Pappa, Evi, 2004. "The elusive costs and the immaterial gains of fiscal constraints," LSE Research Online Documents on Economics 518, London School of Economics and Political Science, LSE Library.
- Fabio Canova & Evi Pappa, 2005. "The elusive costs and the immaterial gains of fiscal constraints," Working Papers 295, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Canova, Fabio & Pappa, Evi, 2005. "The Elusive Costs and the Immaterial Gains of Fiscal Constraints," CEPR Discussion Papers 5406, C.E.P.R. Discussion Papers.
- Fabio Canova & Evi Pappa, 2005. "The elusive costs and the immaterial gains of fiscal contraints," Economics Working Papers 928, Department of Economics and Business, Universitat Pompeu Fabra.
- Buso, Marco & Marty, Frederic & Tran, Phuong Tra, 2017.
"Public-private partnerships from budget constraints: Looking for debt hiding?,"
International Journal of Industrial Organization, Elsevier, vol. 51(C), pages 56-84.
- Marco Buso & Frederic Marty & Tra Tran Phuong, 2014. "Public Private Partnership from Budget Constraints: Looking for Debt Hiding?," "Marco Fanno" Working Papers 0189, Dipartimento di Scienze Economiche "Marco Fanno".
- Marco Buso & Frédéric Marty & Tran-Phuong Tra, 2017. "Public-private partnerships from budget constraints: Looking for debt hiding?," Post-Print halshs-01461826, HAL.
- Marco Buso & Frédéric Marty & Tran-Phuong Tra, 2016. "Public Private Partnerships from Budget Constraints: Looking for Debt Hiding?," Working Papers halshs-01275217, HAL.
- Marco Buso & Frédéric Marty & Tran-Phuong Tra, 2014. "Public Private Partnership from Budget Constraints: Looking for Debt Hiding?," Working Papers halshs-01091725, HAL.
- Pinaki Chakraborty, 2017.
"Federalism, fiscal space, and public investment spending: do fiscal rules impose hard-budget constraints?,"
Chapters, in: Naoyuki Yoshino & Peter J. Morgan (ed.), Central and Local Government Relations in Asia, chapter 3, pages 103-129,
Edward Elgar Publishing.
- Pinaki Chakraborty, 2016. "Federalism, Fiscal Space, and Public Investment Spending: Do Fiscal Rules Impose Hard Budget Constraints?," Economics Working Paper Archive wp_872, Levy Economics Institute.
- Chakraborty, Pinaki, 2017. "Federalism, Fiscal Space, and Public Investment Spending: Do Fiscal Rules Impose Hard Budget Constraints?," ADBI Working Papers 637, Asian Development Bank Institute.
- Pinaki Chakraborty, 2017. "Federalism, Fiscal Space and Public Investment Spending: Do Fiscal Rules Impose Hard Budget Constriants?," Working Papers id:11582, eSocialSciences.
- Daniele Franco (editor), 2012. "Rules and institutions for sound fiscal policy after the crisis," Workshop and Conferences 11, Bank of Italy, Economic Research and International Relations Area.
- Maxime Clémenceau & Nils Soguel, 2018. "How does depreciations management affect subsequent fiscal performance? The case of the Swiss cantons," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 154(1), pages 1-15, December.
- Patrícia Martins & Leonida Correia, 2016. "Fiscal Forecasts and Slippages: The Role of the SGP and Domestic Fiscal Frameworks," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(2), pages 226-253, June.
- Heiko T. Burret & Lars P. Feld, 2016. "Effects of Fiscal Rules - 85 Years' Experience in Switzerland," CESifo Working Paper Series 6063, CESifo.
- José Alves & Clarisse Wagner, 2024. "Leveraging interest-growth differentials: Hidden effects of government financial assets in the European Union," Working Papers REM 2024/0307, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
- Monoj Kumar Majumder & Mala Raghavan & Joaquin Vespignani, 2020.
"Commodity price volatility, fiscal balance and real interest rate,"
CAMA Working Papers
2020-79, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Majumder, Monoj Kumar & Raghavan, Mala & Vespignani, Joaquin, 2020. "Commodity price volatility, fiscal balance and real interest rate," Working Papers 2020-08, University of Tasmania, Tasmanian School of Business and Economics.
- Monoj Kumar Majumder & Mala Raghavan & Joaquin Vespignani, 2020. "Commodity Price Volatility, Fiscal Balance and Real Interest Rate," Working Papers hal-03078952, HAL.
- Maren Brede & Christian Henn, 2018. "Finland’s Public Sector Balance Sheet: A Novel Approach to Analysis of Public Finance," IMF Working Papers 2018/078, International Monetary Fund.
- Ata Özkaya, 2014. "Hidden Overhang of Domestic Debt and Its Role in the This-Time-Is-Different Syndrome: An Empirical Contingent Liabilities Model," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(4), pages 73-94.
- Kerstin Bernoth & Guntram B. Wolff, 2008.
"Fool The Markets? Creative Accounting, Fiscal Transparency And Sovereign Risk Premia,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 55(4), pages 465-487, September.
- Kerstin Bernoth & Guntram B. Wolff, 2006. "Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia," CESifo Working Paper Series 1732, CESifo.
- Kerstin Bernoth & Guntram Wolff, 2006. "Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia," DNB Working Papers 103, Netherlands Central Bank, Research Department.
- Bernoth, Kerstin & Wolff, Guntram B., 2006. "Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia," Discussion Paper Series 1: Economic Studies 2006,19, Deutsche Bundesbank.
- Benito, Bernardino & Montesinos, Vicente & Bastida, Francisco, 2008. "An example of creative accounting in public sector: The private financing of infrastructures in Spain," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 19(7), pages 963-986.
- Laurian LUNGU, 2011. "The Romanian economy - four years after the EU accession," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 2, pages 31-48, December.
- Burret, Heiko T. & Feld, Lars P., 2018. "(Un-)intended effects of fiscal rules," European Journal of Political Economy, Elsevier, vol. 52(C), pages 166-191.
- Florian Dorn & Stefanie Gaebler & Felix Roesel, 2021.
"Ineffective fiscal rules? The effect of public sector accounting standards on budgets, efficiency, and accountability,"
Public Choice, Springer, vol. 186(3), pages 387-412, March.
- Florian Dorn & Stefanie Gäbler & Felix Rösel, 2019. "Ineffective Fiscal Rules? The Effect of Public Sector Accounting Standards on Budgets, Efficiency, and Accountability," ifo Working Paper Series 312, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Dorn, Florian & Gaebler, Stefanie & Roesel, Felix, 2019. "Ineffective fiscal rules? The effect of public sector accounting standards on budgets, efficiency, and accountability," Munich Reprints in Economics 78263, University of Munich, Department of Economics.
- Roel Beetsma & Heikki Oksanen, 2007.
"Pension Systems, Ageing and the Stability and Growth Pact,"
CESifo Working Paper Series
2141, CESifo.
- Roel Beetsma & Heikki Oksanen, 2007. "Pension Systems, Ageing and the Stability and Growth Pact," European Economy - Economic Papers 2008 - 2015 289, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Ganelli, Giovanni & Tervala, Juha, 2010.
"Public infrastructures, public consumption, and welfare in a new-open-economy-macro model,"
Journal of Macroeconomics, Elsevier, vol. 32(3), pages 827-837, September.
- Mr. Giovanni Ganelli & Juha Tervala, 2007. "Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model," IMF Working Papers 2007/067, International Monetary Fund.
- Gábor P. Kiss, 2007. "One-off and off-budget items: An alternative approach," MNB Conference Volume, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 1(1), pages 18-27, December.
More about this item
Keywords
European public finance; fiscal policy; fiscal rules;All these keywords.
JEL classification:
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H6 - Public Economics - - National Budget, Deficit, and Debt
Statistics
Access and download statisticsCorrections
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:por:fepwps:413. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/fepuppt.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.