Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Foreign currency indebtedness: a potential systemic risk in emerging Europe. ECRI Commentary No. 8, 5 December 2011

Fiorante, Angelo. (2011) Foreign currency indebtedness: a potential systemic risk in emerging Europe. ECRI Commentary No. 8, 5 December 2011. [Policy Paper]

[img]
Preview
PDF - Published Version
Download (286Kb) | Preview

    Abstract

    Foreign currency indebtedness in new EU member states has had serious post-crisis consequences, where a substantial currency mismatch has contributed to an alteration in the macroeconomic and financial risk profile of individual countries. A pivotal challenge ahead for emerging Europe will be to strengthen institutional and monetary credibility and reinforce stable and efficient capital markets that are less dependent on foreign capital inflows. This would ultimately reduce countries’ vulnerability to future shocks to the economy, and facilitate their full-blown recovery.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ECRI Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 06 Dec 2011 14:17
    Number of Pages: 13
    Last Modified: 28 Mar 2012 16:38
    URI: http://aei.pitt.edu/id/eprint/33009

    Actions (login required)

    View Item

    Document Downloads