The European Debt Crisis: A Brief Discussion of its Causes and Possible Solutions

Ruščáková, Anna; Semančíková, Jozefína

doi:10.1016/j.sbspro.2016.05.514

Cited by 7 publications

(3 citation statements)

References 16 publications

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“…Many other writers have grappled with the effects of the interest rate policy of the European Central Bank (Roman & Bilan, 2012), (Ruščáková & Semančíková, 2016), (Sobolewski, 2016). For Germany can well demonstrate a significant correlation between the level of disposable income in a region and the respective amount of the House -and apartment prices (Just, 2017).…”

Section: Income Growth (Gross Earnings Of All Industries)mentioning

confidence: 99%

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The economic perspective of the changes in cost of capital on the behaviour of real estate prices

Zwerenz¹

2018

MMI

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The paper deals with the impact of the interest rate policy of the European Central Bank on the cost of houses in Germany. The European Central Bank's interest rate policy has a significant influence on the cost of capital for consumers in connection with the banking system in Germany. Consumers obtain their foreign capital directly at the European Central Bank, consumers go for loans to their local bank. The banks borrow money from the European Central Bank or Park surpluses with her. The cost of lending by the European Central Bank on the banks is described in the base rate of the European Central Bank. The development of the federal funds' interest rate has thus the significant indirect influence on consumer credit interest rates and on the cost of capital for consumers with larger investments. This article describes the effect of the low capital cost (interest) of the European Central Bank on the impact of the price of the residential property. The report analyses the cost of capital, income, and the development of real estate prices. She will prove that of in Germany despite low-interest rates by the European Central Bank with regard to rising incomes, are not significant in the real estate price increases market. Despite low-interest rates of the European Central Bank, one can speak of a real estate bubble in Germany. Real estate has so far not led to capital flight in the form of investments. The investigations relate to statistical evaluations of the year 2008 (2010) until the end of 2017 and take account of to take into account the average price development in whole Germany. In some urban centres such as Frankfurt am Main, Berlin, Hamburg or Munich prices differ from the statistics here political missteps but are the reason for the price increases and are not included in the analysis. The investigation is very important for the planning of real and well-formulated marketing activities for all staff and decision makers in the marketing. Only if the marketing can assess the mechanisms of monetary policy, the effect of increasing or decreasing the cost of capital and the development of real estate prices, the right incentives in marketing can be used. The analysis also provides an insight into the statistical calculation of key figures. Finally, the analysis provides an Outlook for the demand for future research on the effects of borrowing costs on human behaviour. As a result, the study is also interesting for other players in the real estate market and the State institutions.

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Section: Income Growth (Gross Earnings Of All Industries)mentioning

confidence: 99%

“…The history of international payments is specifically in the article by Bollen and examines its current role and scope (Bollen, 2007). More recent publications can be found at Eck (Eck, 2018), at Gröbel (Gröbel & Hiller, 2017), at Ruščáková (Ruščáková & Semančíková, 2016) and at Sobolewski (Sobolewski, 2016). Research method -Quantitative.…”

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confidence: 97%

The economic perspective of the changes in cost of capital on the behaviour of real estate prices

Zwerenz¹

2018

MMI

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“…The field of the effectiveness of fiscal policy has re-highlighted in light of the 2008 global financial crisis with the new contemporary drivers such as external debt (Ruščáková and Semančíková, 2016). Due to the complexity of the fiscal process by which it is not fully captured, different theories provide different answers regarding macroeconomic effects of fiscal policy and arguments about the suitability and real effects of government expenditures on economic growth which are still interesting field of study (Bouakez et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

The effectiveness of fiscal policy: contributions from institutions and external debts

Nguyen

2018

JABES

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Purpose The effectiveness of fiscal policy is an interesting field in literature of macroeconomics. The purpose of this paper is to investigate the effects of fiscal policy on economic growth under contributions from the differences in institutions and external debt levels. Design/methodology/approach The authors use panel data from 2002 to 2014 from 20 emerging markets and use GMM estimators for unbalanced panel data. Findings The results show positive growth effects of fiscal policy across emerging markets in the examined periods. Notably, the improvement in institutions promotes higher crowding-in effects of fiscal policy. In addition, this paper finds interesting evidences that the external debt has non-linear effects on economic growth, whereas the heterogeneous effects of fiscal policy on economic growth as positive effects in low indebted level and negative effect in high indebted level may explain the mechanism of this non-linear relationship. Originality/value This study proposes the non-linear relationship of fiscal growth effects in emerging economies under the dynamic of debt levels.

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The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review

Meier

Gonzalez

Kunze³

2021

International Review of Law and Economics

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The European Debt Crisis: A Brief Discussion of its Causes and Possible Solutions

Cited by 7 publications

References 16 publications

The economic perspective of the changes in cost of capital on the behaviour of real estate prices

The economic perspective of the changes in cost of capital on the behaviour of real estate prices

The effectiveness of fiscal policy: contributions from institutions and external debts

The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review

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