News Column

Investigators from European Central Bank Release New Data on Macroeconomics

June 27, 2014



By a News Reporter-Staff News Editor at Economics Week -- Fresh data on Macroeconomics are presented in a new report. According to news reporting from Frankfurt, Germany, by VerticalNews editors, the research stated, "The paper aims to provide a deep rationale for Banking Union in the euro area."

The news correspondents obtained a quote from the research from European Central Bank, "It shows that the banking sectors of core and peripheral countries were responsible for financing the credit boom that created the imbalances and vulnerabilities that later were at the centre of the crisis. The increase of debt ratios in the periphery until 2007 was more significant for the private sector than for the public sector."

According to the news reporters, the research concluded: "The crisis has been as much a banking crisis as a sovereign debt crisis and to avoid similar future risks a European Supervisor and a Resolution Authority are essential."

For more information on this research see: The European Crisis and the Role of the Financial System. Journal of Macroeconomics, 2014;39():250-259. Journal of Macroeconomics can be contacted at: Louisiana State Univ Pr, Baton Rouge, La 70893 Usa. (Elsevier - www.elsevier.com; Journal of Macroeconomics - www.elsevier.com/wps/product/cws_home/622617)

Our news journalists report that additional information may be obtained by contacting V. Constancio, European Cent Bank, D-60311 Frankfurt, Germany.

Keywords for this news article include: Europe, Germany, Frankfurt, Macroeconomics

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Economics Week


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