Distilling the macroeconomic news flow

Alessandro Beber, Michael W Brandt, Maurizio Luisi 19 April 2013

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Timely measurement of the state of the economy relies traditionally on low-frequency observations of a few economic aggregates that refer to previous weeks, months, or even quarters. A prominent example is the advance estimate of GDP released quarterly about a month after the end of the quarter.

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Topics:  Macroeconomic policy

Tags:  Information, news

Contagion during the Greek sovereign debt crisis

Jakob de Haan, Mark Mink 23 February 2012

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In the course of 2010, the financial problems of Greece became so severe that the Eurozone countries together with the IMF agreed to provide emergency loans for a total amount of €110 billion, to be disbursed over the period May 2010 through June 2013. In addition, the European Financial Stability Facility was created, which issues bonds fully guaranteed by Eurozone countries and, after an enlargement in 2011, can provide up to €440 billion in financial support to distressed member states.

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Topics:  Financial markets International finance

Tags:  banks, Greece, sovereign default, news

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