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Financial assistance measures in the euro area from 2008 to 2013: statistical framework and fiscal impact

Author

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  • Grussenmeyer, Patrick
  • Maurer, Henri

Abstract

This paper summarises the accounting principles and methodology used by statisticians within the European System of Central Banks (ESCB) to assess the impact on the government JEL Classification: H81

Suggested Citation

  • Grussenmeyer, Patrick & Maurer, Henri, 2015. "Financial assistance measures in the euro area from 2008 to 2013: statistical framework and fiscal impact," Statistics Paper Series 7, European Central Bank.
    • Handle: RePEc:ecb:ecbsps:20157
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpsps/ecbsp7.en.pdf
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    References listed on IDEAS

    as
    1. Stolz, Stéphanie Marie & Wedow, Michael, 2010. "Extraordinary measures in extraordinary times: public measures in support of the financial sector in the EU and the United States," Occasional Paper Series 117, European Central Bank.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "Recovery from Financial Crises: Evidence from 100 Episodes," American Economic Review, American Economic Association, vol. 104(5), pages 50-55, May.
    3. Stolz, Stéphanie Marie & Wedow, Michael, 2010. "Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States," Discussion Paper Series 1: Economic Studies 2010,13, Deutsche Bundesbank.
    4. Mr. Luc Laeven & Mr. Fabian Valencia, 2010. "Resolution of Banking Crises: The Good, the Bad, and the Ugly," IMF Working Papers 2010/146, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Kezbere, Linda & Maurer, Henri, 2018. "Deficit-debt adjustment (DDA) analysis: an analytical tool to assess the consistency of government finance statistics," Statistics Paper Series 29, European Central Bank.
    2. Jean-Loup, Soula, 2017. "Measuring heterogeneity in bank liquidity risk: Who are the winners and losers?," The Quarterly Review of Economics and Finance, Elsevier, vol. 66(C), pages 302-313.
    3. Hickey, Rónán & Smyth, Diarmaid, 2015. "The Financial Crisis in Ireland and Government Revenues," Quarterly Bulletin Articles, Central Bank of Ireland, pages 60-71, October.
    4. Manish K. Singh & Marta Gómez-Puig & Simón Sosvilla-Rivero, 2019. "“Increasing contingent guarantees: The asymmetrical effect on sovereign risk of different government interventions"," IREA Working Papers 201914, University of Barcelona, Research Institute of Applied Economics, revised Sep 2019.
    5. Charles Nolan & Plutarchos Sakellaris & John D. Tsoukalas, 2016. "Optimal Bailout of Systemic Banks," Working Papers 2016_17, Business School - Economics, University of Glasgow.
    6. Barry Eichengreen & Asmaa El-Ganainy & Rui Esteves & Kris James Mitchener, 2019. "Public Debt Through the Ages," NBER Working Papers 25494, National Bureau of Economic Research, Inc.
    7. Stelios Arvanitis & Alexandros Louka, 2015. "Martingale Transforms with Mixed Stable Limits and the QMLE for Conditionally Heteroskedastic Models," Working Papers 201508, Athens University Of Economics and Business, Department of Economics.
    8. Barry Eichengreen & Rui Esteves, 2022. "Up and away? Inflation and debt consolidation in historical perspective," Oxford Open Economics, Oxford University Press, vol. 1, pages 1-20.
    9. repec:aeb:wpaper:201607:i:7:y:2016 is not listed on IDEAS
    10. Barry Eichengreen & Asmaa El-Ganainy & Rui Esteves & Kris James Mitchener, 2019. "Public Debt Through the Ages," NBER Working Papers 25494, National Bureau of Economic Research, Inc.
    11. Ms. Deniz O Igan & Hala Moussawi & Alexander F. Tieman & Ms. Aleksandra Zdzienicka & Mr. Giovanni Dell'Ariccia & Mr. Paolo Mauro, 2019. "The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector," IMF Working Papers 2019/164, International Monetary Fund.

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    More about this item

    Keywords

    bailout measures; capital transfers to the financial sector; change in net financial worth on balance sheet; earmarking and recording imputation; financial needs and estimated loss; impact on government debt and deficit;
    All these keywords.

    JEL classification:

    • H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts

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