The Euro Area Sovereign Debt Crisis and the Role of ECB's Monetary Policy

Roman, Angela; Bilan, Irina

doi:10.1016/s2212-5671(12)00227-4

Cited by 12 publications

(7 citation statements)

References 9 publications

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“…Since the advent of the Eurozone government debt crisis, extraordinary measures were taken by individual governments and the European Central Bank (ECB) so as to prevent a potential collapse of the Eurozone (see, for instance, Roman and Bilan, 2012). Among them, the Greek government found underreporting of the budget deficit by nearly 50%, shortly after the Greek elections, in November 2009.…”

Section: Background and Context: Economic Crisis And Suicide In Greecementioning

confidence: 99%

The impact of fiscal austerity on suicide: On the empirics of a modern Greek tragedy

Antonakakis

Collins

2014

Social Science & Medicine

115

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Section: Background and Context: Economic Crisis And Suicide In Greecementioning

confidence: 99%

The impact of fiscal austerity on suicide: On the empirics of a modern Greek tragedy

Antonakakis

Collins

2014

Social Science & Medicine

115

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“…In contrast, (Roman and Bilan, 2012;Chibber, 2011) assert that the so-called Troika, EU, ECB, and IMF, reacted rapidly to help sustain economic stability. Their support was instrumental in the dire collapse of the relevant institutions and the whole system.…”

Section: Discussion Of the Greek Case Using Arcmentioning

confidence: 99%

“…Prior to the crunch, the fiscal position was satisfactory, as the budget was balanced while debt increased. However, in the wake of bankruptcies and bailout packages, the Spanish construction sector consumed massive capital, causing revenue shortages and mounting expenditure leading to an uncontrollable budget deficit (Roman & Bilan 2012). Similarly, large public projects, such as the stadium for Euro 2004, caused Portugal to overspend its budget.…”

Section: Overview Of the Crisismentioning

confidence: 99%

The European Sovereign Debt Crisis as an Issue of Accountability, Representation, and Control

Alhumoudi¹

2018

ijafr

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This paper aims to provide an overview of the European sovereign debt crisis and its causes and effects. In particular, it will focus on Greece sovereign debt crisis and discuss the immediate trigger point of the Goldman Sachs Bank fraud, using the concept of Accountability, Representation and Control (ARC) and its implications for international interdependence. This paper relies on qualitative document analysis of previous research to analysis the European sovereign debt crises and its causes. Based on the available evidence, some accountability issues have been found, illustrating how the Greek government mismanaged public finances by borrowing and spending high, as well as by failing to control important issues such as tax evasion. On the other hand, the European Monetary Union (EMU) also has accountability issues, due to its regulations; it has been described as negligent by some authors, as it facilitated Goldman and the Greek government’s non-disclosure of their deal in financial statements.

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“…"On the background of the recent financial turmoil, this function has gained major importance, financial stability becoming a priority for many central banks, at least in the short run." [1]…”

Section: Maintaining Of Financial Stabilitymentioning

confidence: 99%

Influence of the Currency Unification on the Sovereign Debt Crisis in Europe

Li¹

2021

Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)

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For the entire economics, the sovereign debt crisis in Europe which has already been the great research value on the history. There are three big reasons that will cause the sovereign debt crisis. There are three channels which caused the sovereign debt crisis: Currency unification has eliminated exchanges rates among EU countries; fiscal policies are decentralized on Europe for each country; imbalance development among the countries of European Union. And this paper will focus on the impact of the currency unification on the sovereign debt crisis. The reason is that monetary related to the development of nation. The research method of this paper is literature analysis and case study, which took Greece as an example. According to the research results, due to the specialty economics condition of different countries, it is difficult to change nation's currency policy situations. Hence, the sovereign debt crisis is possible not to solve or continuously happening, if there are many countries are being on the European Union.

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The Euro Area Sovereign Debt Crisis and the Role of ECB's Monetary Policy

Cited by 12 publications

References 9 publications

The impact of fiscal austerity on suicide: On the empirics of a modern Greek tragedy

The impact of fiscal austerity on suicide: On the empirics of a modern Greek tragedy

The European Sovereign Debt Crisis as an Issue of Accountability, Representation, and Control

Influence of the Currency Unification on the Sovereign Debt Crisis in Europe

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