Author/Editor: Jochen R. Andritzky.

Release Date:December, 2014

In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such more...

Author/Editor: Jochen R. Andritzky.

Release Date:June, 2012

This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad more...

Author/Editor: Jochen R. Andritzky.

Release Date:November, 2011

The enhanced Stability and Growth Pact calls on euro area members and aspirants to set boundaries to fiscal deficits through high-level legislation. A limit on the deficit, such as the deficit more...