Economic Spillovers from the Euro Area to the CESEE Region via the Financial Channel : A GVAR Approach

@inproceedings{Back2013EconomicSF,
  title={Economic Spillovers from the Euro Area to the CESEE Region via the Financial Channel : A GVAR Approach},
  author={Peter Back{\'e} and Martin Feldkircher and Tom{\'a}{\vs} Sla{\vc}{\'i}k},
  year={2013}
}
  • Peter Backé, Martin Feldkircher, Tomáš Slačík
  • Published 2013
Central, Eastern and Southeastern Europe is strongly integrated with the euro area. Reaping the benefits of comparative advantages in production and in capital allocation, both trade links and financial ties have intensified over the past two decades. At the same time, the global financial crisis of 2007–2009 and the ensuing sovereign debt crisis in Europe have demonstrated the downside of the region’s strong exposure to the euro area. After the collapse of Lehman, the crisis spilled over to… CONTINUE READING

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