The invasion of Ukraine is an unacceptable act which has sparked an unfolding humanitarian crisis in Europe. Our thoughts are with the Ukrainian people. We want to respond in any way we can to this fast-moving situation and we have initiated a number of
Period of economic uncertainty in the euro zone beginning in 2009 that was triggered by high levels of public debt, particularly in the countries that were grouped under the acronym “PIIGS” (Portugal, Ireland, Italy, Greece, and Spain). The debt crisis
where T is total number of Granger causality tests conducted over the sample period and I j → i ( t ) is as defined in Section 2. When augmented by one lag to account for the unit root, the full model is a VAR(4) with dimension n = 2 s = 12 , so that there are 132 ...
and Ireland; Slovakia and Estonia; Italy, Spain, and Slovenia; and Portugal and Greece. The variable patterns most likely to influence cluster definitions are differences in GDP per capita, productivity, and investment, although there are other differing variable patterns that influence specific smaller...
The Subprime Loan Boom Even in normal times, banks do not often hold onto the mortgages they issue. They are resold to financial institutions, which market them as investments in interest payments. During the housing bubble, the banks sold these loans to the big Wall Street banks, which ...
This type of loan was more prevalent in the liberated regions in North China. Usually the loan was specific to agricultural investment. For example, in the northern liberated regions, the monthly interest for a general agricultural loan in cash was 10–100%, 50–100% for industry and 70–...
While there are a number of sanctions that creditors can impose on countries that default, their cost may be less than the gain that results from not paying. e. The authors see the root cause of sovereign default as well as other crises in ‘debt intolerance’: Debt intolerance is defined...
Lowest: Northern Ireland has the cheapest diesel at 171.8 p/litre. In comparison, the AA's April2021 reportrecorded highs of 126.3 p/litre (petrol) and 129.1 p/litre (diesel). Inflation keeps climbing At the time of writing, the UK has reported an increase in inflationto 9%. It is for...
However, the lobby supporting Chandy was always there to influence top leaders and make Chandy’s position safe. Party workers are asking the leaders why the government is protecting a tainted leader in such a manner and why he is getting many privileges which were not given to EP Jayarajan,...
India's 20Kg. Sugar cost Rs 25 per Kg (30 US cents) at the start of 2009 and now costs more than Rs 50, says independent economic analyst A.B. Shahid. This doubling of the price is likely to further enrich the large number of sugar producing politicians who are already rich and ...