FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2906637314> ?p ?o ?g. }

• W2906637314 endingPage "18" @default.
• W2906637314 startingPage "7" @default.
• W2906637314 abstract "Between 2008 and 2012, a substantial proportion of cross border financial flows in the euro area was taken over by official financing provided by central banks, as shown by the emergence of the socalled TARGET2 balances, or by governments in the context of financial assistance programmes. They were an important avenue through which debtor countries with balance of payments in distress managed the 'sudden stop' in private capital inflows that they were experiencing at the time. This section uses balance of payment data to look in depth at developments in financial flows since the European Central Bank (ECB) announced its Outright Monetary Transactions (OMT) programme in the summer of 2012. The data show that, since then, net private financial flows have resumed while official flows have in general come down. Private capital outflows have once again been the main counterpart to the current account surplus in Germany. After having experienced massive private capital flights during the peak of the crisis, debtor countries have seen either a return of net private inflows (Spain) or at least, a marked slowdown in net private outflows (Greece, Portugal). To a lesser extent, private capital net inflows have also returned to Italy. Overall, the partial replacement of official funding by private capital can be interpreted as a sign of regained confidence in the euro area. When looking at gross inflows and outflows, however, the picture is less benign and there are still signs of financial fragmentation despite the overall narrowing of the sovereign bond spreads. The strong dynamics of cross-border financial asset acquisition observed in pre-crisis years has not returned yet and both debtor and creditor countries seem to remain in deleveraging mode. In Germany, private net outflows appear to mainly reflect a marked decrease in debt inflows rather than an actual accumulation of foreign assets. In Spain, Italy, Portugal and Greece, the strong decline in foreigners' purchases of their debt, which was a main feature of the crisis period, has mostly come to an end but the trend has not reversed." @default.
• W2906637314 created "2019-01-01" @default.
• W2906637314 creator A5021245524 @default.
• W2906637314 date "2015-01-01" @default.
• W2906637314 modified "2023-09-23" @default.
• W2906637314 title "Recent developments in cross-border capital flows in the euro area" @default.
• W2906637314 hasPublicationYear "2015" @default.
• W2906637314 type Work @default.
• W2906637314 sameAs 2906637314 @default.
• W2906637314 citedByCount "0" @default.
• W2906637314 crossrefType "posted-content" @default.
• W2906637314 hasAuthorship W2906637314A5021245524 @default.
• W2906637314 hasConcept C10138342 @default.
• W2906637314 hasConcept C109948328 @default.
• W2906637314 hasConcept C120527767 @default.
• W2906637314 hasConcept C139719470 @default.
• W2906637314 hasConcept C144133560 @default.
• W2906637314 hasConcept C159091798 @default.
• W2906637314 hasConcept C161782682 @default.
• W2906637314 hasConcept C162324750 @default.
• W2906637314 hasConcept C166957645 @default.
• W2906637314 hasConcept C18547055 @default.
• W2906637314 hasConcept C205649164 @default.
• W2906637314 hasConcept C2776943663 @default.
• W2906637314 hasConcept C2776988154 @default.
• W2906637314 hasConcept C2779343474 @default.
• W2906637314 hasConcept C2780414751 @default.
• W2906637314 hasConcept C2991741723 @default.
• W2906637314 hasConcept C2993232446 @default.
• W2906637314 hasConcept C33842695 @default.
• W2906637314 hasConcept C34447519 @default.
• W2906637314 hasConcept C44750222 @default.
• W2906637314 hasConcept C52092804 @default.
• W2906637314 hasConcept C556758197 @default.
• W2906637314 hasConcept C58202505 @default.
• W2906637314 hasConcept C58823610 @default.
• W2906637314 hasConcept C73283319 @default.
• W2906637314 hasConcept C821917 @default.
• W2906637314 hasConcept C83646750 @default.
• W2906637314 hasConceptScore W2906637314C10138342 @default.
• W2906637314 hasConceptScore W2906637314C109948328 @default.
• W2906637314 hasConceptScore W2906637314C120527767 @default.
• W2906637314 hasConceptScore W2906637314C139719470 @default.
• W2906637314 hasConceptScore W2906637314C144133560 @default.
• W2906637314 hasConceptScore W2906637314C159091798 @default.
• W2906637314 hasConceptScore W2906637314C161782682 @default.
• W2906637314 hasConceptScore W2906637314C162324750 @default.
• W2906637314 hasConceptScore W2906637314C166957645 @default.
• W2906637314 hasConceptScore W2906637314C18547055 @default.
• W2906637314 hasConceptScore W2906637314C205649164 @default.
• W2906637314 hasConceptScore W2906637314C2776943663 @default.
• W2906637314 hasConceptScore W2906637314C2776988154 @default.
• W2906637314 hasConceptScore W2906637314C2779343474 @default.
• W2906637314 hasConceptScore W2906637314C2780414751 @default.
• W2906637314 hasConceptScore W2906637314C2991741723 @default.
• W2906637314 hasConceptScore W2906637314C2993232446 @default.
• W2906637314 hasConceptScore W2906637314C33842695 @default.
• W2906637314 hasConceptScore W2906637314C34447519 @default.
• W2906637314 hasConceptScore W2906637314C44750222 @default.
• W2906637314 hasConceptScore W2906637314C52092804 @default.
• W2906637314 hasConceptScore W2906637314C556758197 @default.
• W2906637314 hasConceptScore W2906637314C58202505 @default.
• W2906637314 hasConceptScore W2906637314C58823610 @default.
• W2906637314 hasConceptScore W2906637314C73283319 @default.
• W2906637314 hasConceptScore W2906637314C821917 @default.
• W2906637314 hasConceptScore W2906637314C83646750 @default.
• W2906637314 hasIssue "1" @default.
• W2906637314 hasLocation W29066373141 @default.
• W2906637314 hasOpenAccess W2906637314 @default.
• W2906637314 hasPrimaryLocation W29066373141 @default.
• W2906637314 hasRelatedWork W138143408 @default.
• W2906637314 hasRelatedWork W1512510919 @default.
• W2906637314 hasRelatedWork W1535543033 @default.
• W2906637314 hasRelatedWork W1556529621 @default.
• W2906637314 hasRelatedWork W1556590812 @default.
• W2906637314 hasRelatedWork W180083122 @default.
• W2906637314 hasRelatedWork W2019972885 @default.
• W2906637314 hasRelatedWork W2150067344 @default.
• W2906637314 hasRelatedWork W2200318344 @default.
• W2906637314 hasRelatedWork W2290661260 @default.
• W2906637314 hasRelatedWork W2593413120 @default.
• W2906637314 hasRelatedWork W28470412 @default.
• W2906637314 hasRelatedWork W2991805866 @default.
• W2906637314 hasRelatedWork W3012340323 @default.
• W2906637314 hasRelatedWork W3125063571 @default.
• W2906637314 hasRelatedWork W3125305583 @default.
• W2906637314 hasRelatedWork W3125841489 @default.
• W2906637314 hasRelatedWork W33047473 @default.
• W2906637314 hasRelatedWork W347384318 @default.
• W2906637314 hasRelatedWork W3123569071 @default.
• W2906637314 hasVolume "14" @default.
• W2906637314 isParatext "false" @default.
• W2906637314 isRetracted "false" @default.
• W2906637314 magId "2906637314" @default.
• W2906637314 workType "article" @default.