Hola,
¿eres nuevo aquí?

Regístrate gratis y conecta tu empresa con financiación pública, partners y proyectos.

Tengo cuenta

Regístrate

Ver video

EBUCAI

Financiado

Cerrado

European Banking Union and Current Account Imbalances

Financial liberalization and cross-border banking underpin a striking global trend: while creditor countries had net financial claims on debtors of 20% of GDP in 1980, by 2010 this had risen to 70%. In accounting terms, such inter... ver más

31/01/2018

ALCHEMIA-NOVA RESE...

166K€

Presupuesto del proyecto: 166K€

Líder del proyecto

ALCHEMIA-NOVA RESEARCH & INNOVATION GEMEINNUT... No se ha especificado una descripción o un objeto social para esta compañía.

Fecha límite participación Sin fecha límite de participación.

Financiación concedida El organismo H2020 notifico la concesión del proyecto el día 2018-01-31

MSCA-IF-2014-EF: Marie Skłodowska-Curie Individual F...

I+D

Cerrada hace 10 años

0% 100%

Información adicional privada

No hay información privada compartida para este proyecto. Habla con el coordinador.

1 Participantes

ALCHEMIA-NOVA RESEARCH & INN...

166.16K€ | Lider

Conecta tu I+D

¿Tienes un proyecto y buscas un partner? Gracias a nuestro motor inteligente podemos recomendarte los mejores socios y ponerte en contacto con ellos. Te lo explicamos en este video

Proyectos interesantes

PGC2018-094489-B-I00 FUTURO Y RETOS JURIDICOS DE LA UNION ECONOMICA Y MONETARIA 13K€ Cerrado

INFIMOP International Finance and Monetary Policy 2M€ Cerrado

ECO2012-38040 CRISIS FINANCIERAS Y ACUERDOS PREFERENCIALES: EFECTOS SOBRE... 16K€ Cerrado

EURO-INVEST Investing in Europe 100K€ Cerrado

ECO2012-32837 SEIGNIORAGE, TIPOS DE CAMBIO Y PROTECCIONISMO EN LA ERA PRE-... 22K€ Cerrado

DER2016-80568-R LIBERTAD DE MERCADO Y SOBREENDEUDAMIENTO DE CONSUMIDORES: ES... 15K€ Cerrado

Duración del proyecto: 34 meses Fecha Inicio: 2015-03-02
Fecha Fin: 2018-01-31

Líder del proyecto

ALCHEMIA-NOVA RESEARCH & INNOVATION GEMEINNUT... No se ha especificado una descripción o un objeto social para esta compañía.

Presupuesto del proyecto 166K€

Fecha límite de participación Sin fecha límite de participación.

Descripción del proyecto Financial liberalization and cross-border banking underpin a striking global trend: while creditor countries had net financial claims on debtors of 20% of GDP in 1980, by 2010 this had risen to 70%. In accounting terms, such international wealth re-distribution materializes via current account (CA) surpluses by creditors and deficits by debtors. Hence the interest in what drives such CA imbalances, their desirability, and sustainability. The recent Eurozone crisis brought further attention to the issue: Greece, Ireland, Portugal, and Spain all had unprecedented CA deficits in the run up to the crisis, and studies indicate that such high deficits helped trigger it. The MAIN OBJECTIVE of this project is to deepen understanding of the links between CA imbalances, cross-border banking and credit. Much of CA flows consist of purchase/sale of debt contracts between residents and foreigners, and since up to two thirds go through banks, the accounting link is clear. Unclear is the behavioral link: What motivates such flows and makes them very risky at times? This project’s novelty is to build a model of this behavioral link, focusing on the Eurozone. This main objective WILL BE ACHIEVED BY: - A new general equilibrium model featuring international risk-taking banks with potential externalities on the economy and which can amplify CA imbalances - A new database on banking indicators and macro-determinants of CAs - Model estimates using O2 and state-of-the-art empirical methods - Assessment of risk thresholds and welfare of regulatory policies - Scenarios for intra-Eurozone imbalances under the EU banking union This research is HIGHLY RELEVANT TO THE WORK PROGRAM because unexplained CAs expose countries to undetected risks, and studies on Eurozone CAs do not model bank behavior thus overlooking a main component of imbalances. This research is timely because growing cross-border banking affects imbalances and understanding such links is key to EU banking union policies.

Conecta tu I+D

Entra hoy

¿Olvidé mi contraseña?

Financiación

Empresas

CTIs/Universidades

Proyectos

Investigadores