We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byGuy Selling
Modified over 4 years ago
1 The Eurozone Crisis: Causes and Solutions Klaas Knot President, De Nederlandsche Bank Asia Society, Hongkong 15 October 2012
2 The eurozone and the global economy
3 European debt crisis
4 Some convergence prior to the crisis... Cumulative growth differentials with Germany
5 … but with borrowed money … Average annual growth rate of credit to private sector: 2000-2011
6 … and accompanied by inflation… Cumulative differentials compared to EMU total : 2000-2007
7 …reflecting wage developments
8 Current account balance percent of GDP
9 Governments went back to old habits Start EMU Budget deficits (% Gdp) Improvements in the run-up to EMU but relapse after admission
10 “ On/off ” market discipline
11 A stable design of EMU Strengthening growth potential and competitiveness Politically independent enforcement of the fiscal rules, guarding the debt ceiling of 60% European supervision, resolution and DGS Eurobonds as the capstone of EMU?
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 17 China and India in the World Economy.
Chapter 16 Export-Oriented Growth in East Asia.
Fiscal Policy Challenges Facing the New Member States in a Period of Large Capital Inflows & Substantial Investment Requirements Armin Riess European Investment.
Fiscal Consolidation and Public Investment: Friends, Foes, or Neutral Partners? A Look at Bulgaria and Romania Armin Riess European Investment Bank International.
Overheating in Emerging Markets: The Next Crisis? Uri Dadush Carnegie Endowment for International Peace February 16, 2011.
Overheating in Emerging Markets: An Asian Perspective Carnegie Endowment For International Peace February 16, 2010 Anoop Singh Director, Asia and Pacific.
The Euro in Crisis Uri Dadush Carnegie Endowment for International Peace Chicago, June 14, 2010.
Financial convergence in Asia C.P. Chandrasekhar.
The Baltic States: Recovery, Outlook, and Challenges Economic Crossroads: From Recovery to Sustainable Development in the Baltic States and the EU Riga,
Annual Growth Survey macroeconomic report Brussels, 6 February 2013 Kees van Duin Policy Coordination and Strategic planning Directorate General for Economic.
Recent Developments and Outlook Ministry of Finance January 2011 State of Israel Ministry of Finance.
WHAT IS THE GLOBAL ECONOMIC OUTLOOK? Paris, 6 May 2014 Angel Gurría, Secretary-General and Rintaro Tamaki, Deputy Secretary-General and Acting Chief Economist.
Financial Integration in Europe in Light of the Euro Area Crisis Max Watson Director, Political Economy of Financial Markets (PEFM) Co-ordinator, Political.
Patterns of Convergence and Divergence in the Euro Area By A. Estrada, J. Gali and D. Lopez- Salido; 2013.
The European (Debt) Crisis: Who is the Worse Guy – Germany or Greece? Ukrainian Academy of Banking of the National Bank of Ukraine International Competition.
The Eurozones Three Crisis Karl Whelan University College Dublin June 11, 2012 Infiniti Conference.
Research Department 1 Global Economic Crisis and the Israeli Economy Herzliya conference Dr. Karnit Flug Research Director, Bank of Israel February 2009.
6.02 Understand economic indicators to recognize economic trends and conditions B Explain the concept of Gross Domestic Product Understand.
Turkish Economy “Recent developments” Ekrem Keskin November 2008.
1 Introductory remarks European legislative initiatives Jerzy Pruski Bank Guarantee Fund Poland EFDI - IADI Conference Strengthening Financial Stability.
© 2018 SlidePlayer.com Inc. All rights reserved.