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You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution Oxford Economics Remove constraint Publishing Institution: Oxford Economics Political Geography Europe Remove constraint Political Geography: Europe Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Debt Remove constraint Topic: Debt
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  • Publication Date: 06-2013
  • Content Type: Policy Brief
  • Institution: Oxford Economics
  • Abstract: The European Central Bank has postponed any plans to introduce targeted measures to reduce the cost of borrowing for small and medium-sized businesses in the credit-starved peripheral Eurozone economies. Given the widening gap between the lower costs of borrowing for companies in Germany and France and the higher costs in the periphery, we think that there is a strong case for the ECB to take action. Simulations using our Global Macroeconomic Model show that if half the tightening in credit conditions seen since 2008 were to be reversed within two years, Eurozone GDP would be 0.7% higher by the end of 2017 than under our baseline forecast. There would be over 400,000 fewer people unemployed. This would be particularly beneficial for peripheral Eurozone risk assets.
  • Topic: Debt, Economics, International Trade and Finance, Markets, Monetary Policy
  • Political Geography: Europe, Germany
  • Publication Date: 11-2011
  • Content Type: Policy Brief
  • Institution: Oxford Economics
  • Abstract: After protracted negotiations, Eurozone leaders finally agreed on a new package of measures last week. The outline deal has a three-pronged approach aimed at tackling the main aspects of the crisis: reducing Greece's debt burden, avoiding a credit crunch by recapitalising European banks, and preventing contagion to other countries via a boost to the EFSF.
  • Topic: Debt, Economics, Markets, Regional Cooperation, Financial Crisis
  • Political Geography: Europe, Greece