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The Development Of The Cypriot Economy
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Book Synopsis The Development of the Cypriot Economy by : Vassos Karageorghis
Download or read book The Development of the Cypriot Economy written by Vassos Karageorghis and published by . This book was released on 1996 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cyprus Bail-in, The: Policy Lessons From The Cyprus Economic Crisis by : Alexander Michaelides
Download or read book Cyprus Bail-in, The: Policy Lessons From The Cyprus Economic Crisis written by Alexander Michaelides and published by World Scientific. This book was released on 2016-02-29 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: On June 28th 2012, the small island of Cyprus became the fifth government to request an economic bail-out from the Eurozone after losing access to international capital markets. Less than a year later, a €10 billion second rescue deal was agreed upon — an unprecedented agreement that bailed in creditors of Cyprus' two largest banks, and triggered an economic crisis that the nation still struggles to recover from today.This resourceful collection of essays provides a thorough and in depth analysis of how Cyprus reached the point of failure and what lessons this experience holds for future economic crises. The various perspectives collectively address unanswered questions, including whether the bail-in can be considered successful, why the recession was less severe than expected, and what conclusions can be drawn about stress-testing exercises across borders.Focusing on one of the (proportionately) largest crises in financial history, the case study will prove essential to policy-makers and politicians, especially in the euro area.
Book Synopsis Ireland: 2021 Article IV Consultation-Press Release; and Staff Report by : International Monetary
Download or read book Ireland: 2021 Article IV Consultation-Press Release; and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland entered the COVID pandemic with reduced vulnerabilities and high growth, especially in multinational enterprises (MNEs)-dominated sectors. The pandemic has had a highly asymmetric impact on the economy. The domestic sectors contracted by about 10 percent in 2020 and unemployment reached 30 percent at the peak of the first wave, while MNEs continued to grow strongly, driving overall GDP growth to 3.4 percent. A swift policy response has been effective in mitigating the crisis impact and protecting households and firms. The domestic sectors are expected to partially recover in 2021, with GDP growth projected at 4.6 percent. Downside risks stem from uncertainties surrounding new COVID variants, post-Brexit trade arrangements, and likely changes in international taxation.
Book Synopsis Safeguarding the Euro in Times of Crisis by :
Download or read book Safeguarding the Euro in Times of Crisis written by and published by . This book was released on 2019 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tells the inside story of those who played key roles in setting up the organisations and combatting the crisis. In exclusive interviews, global financial leaders and ESM insiders provide a rich stock of perspectives and anecdotes that bring to life the urgency of the crisis as well as the innovative solutions found to resolve it. The European Stability Mechanism and its temporary predecessor the EFSF provided billions of euros in loans to five hard-hit euro area countries during the European financial and sovereign debt crisis of the early 2000s, helping to safeguard the stability of those countries and the euro area as a whole. Initially, the crisis-torn euro area was ill-equipped institutionally, but the rapid establishment of the firewalls, the assistance programmes, deep‐seated country reforms, the strengthening of European institutions, and extraordinary European Central Bank measures shielded Europe from a euro area break-up. With the EFSF/ESM set-up, its managers aspired to create a new, more entrepreneurial international financial institution, one that is agile enough to respond quickly to new challenges, while still ensuring the strict governance befitting an organisation pursuing a public mission. The euro area has emerged from near disaster in more robust shape. As Europe strives to further strengthen its architecture in preparation for any possible future crises, it is important to reflect upon how the euro area reinvigorated its fortunes and draw the relevant lessons for future crisis management in Europe and beyond.
Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1484387430 Total Pages :16 pages Book Rating :4.4/5 (843 download)
Book Synopsis Cyprus by : International Monetary Fund. European Dept.
Download or read book Cyprus written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-12-03 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper identifies key challenges among households in reducing nonperforming loans (NPL) further in Cyprus, namely, low repayment capacity, particularly among a certain group of debtors; and weak repayment discipline owing to strategic behavior. Despite some revival of lending activity, the role of bank credit as a funding source remains limited. External inflows, drawdown of savings, use of own funds, and unpaid debt service obligations are contributing to financing economic activities, but these sources may not be sustainable over the medium term. Addressing NPLs to lower borrowing costs and reviving credit supply will be important for supporting longer-term growth. Since 2017, bank credit has provided only a moderate amount of new financing. The reduction in credit-to-GDP ratio has been almost entirely achieved by NPL write-offs and sale or transfer of loans out of the banking system, and through denominator effect. As of 2017, credit demand appears moderately strong, in line with robust economic growth, while credit supply remains broadly unchanged, reflecting continued risk averseness by banks. These trends suggest that while deleveraging is expected to continue through clean-up of bank balance sheets, growth in credit flows (pure new loans) are likely to remain at a moderate level until NPL recovery and repayment discipline improves significantly.
Book Synopsis A Diary of the Euro Crisis in Cyprus by : Panicos Demetriades
Download or read book A Diary of the Euro Crisis in Cyprus written by Panicos Demetriades and published by Springer. This book was released on 2017-10-14 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book tells the story of the euro crisis in Cyprus from the inside. Written by the former Governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during this turbulent period, this book shows how the crisis unravelled through a series of key events that occurred during his tenure. Written in chronological order, and broadly based on the author’s personal diary, starting from his first day in office, this volume brings together economics, banking, regulation, governance, history, politics and international relations. Presenting personal witness statements, including records of noteworthy telephone conversations, informal meetings and other milestones, it examines crucial questions like: How did Cyprus become so systemically important to the rest of the euro area? Why was Cyprus treated so differently in comparison to other peripheral countries in Europe? Why were bank depositors targeted? What role did Cyprus’ links with Russia play in the design of the programme? What has been the toxic fallout from the bail-in? Are there any longer-term implications for the euro? What are the lessons for regulators around the world? The book will appeal to readers interested in financial crises, the euro’s architecture, the evolution of the European Monetary Union, and those with an interest in how Europe and the IMF dealt with crises in peripheral European countries.
Book Synopsis The Political and Economic History of North Cyprus by : Tufan Ekici
Download or read book The Political and Economic History of North Cyprus written by Tufan Ekici and published by Springer. This book was released on 2019-04-23 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph provides a comprehensive analysis of the political economy of the Turkish Cypriot governance in the northern part of Cyprus after 1974. Examining the political and state structure, labour market, social security, state economic enterprises and allocation of land, Ekici shines a light on the turbulent history of North Cyprus. What is its relationship with Turkey and the South? How does economic development compare across Cyprus? Who are the potential perpetrators of post-1974 developments? Such questions are addressed in this much-needed book. As a self-proclaimed internationally unrecognised state, neglected by the international community and scholarly literature, this book marks an important development in the study of North Cyprus and Turkey's role in its economy and politics.
Book Synopsis Engendering Aphrodite by : Diane Bolger
Download or read book Engendering Aphrodite written by Diane Bolger and published by American Society of Overseas Research. This book was released on 2002 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of papers which focus on issues of gender and society in ancient Cyprus from the Neolithic to Roman periods.
Book Synopsis The Education Systems of Europe by : Wolfgang Hörner
Download or read book The Education Systems of Europe written by Wolfgang Hörner and published by Springer Science & Business Media. This book was released on 2007-05-03 with total page 879 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique handbook offers an analytical review of the education systems of all European countries, following common analytical guidelines, and highlighting the paradox that education simultaneously pursues a universal value as well as a national character. Coverage includes international student performance studies, and a comparison of education dynamics in Eastern "new Europe" with "older" western EU members. The book provides a differentiated analytical data base, and offers suggestions for further research.
Book Synopsis New Directions in Cypriot Archaeology by : Catherine Kearns
Download or read book New Directions in Cypriot Archaeology written by Catherine Kearns and published by Cornell University Press. This book was released on 2019-04-15 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Directions in Cypriot Archaeology highlights current scholarship that employs a range of new techniques, methods, and theoretical approaches to questions related to the archaeology of the prehistoric and protohistoric periods on the island of Cyprus. From revolutions in radiocarbon dating, to the compositional analysis of ceramic remains, to the digital applications used to study landscape histories at broad scales, to rethinking human-environment/climate interrelationships, the last few decades of research on Cyprus invite inquiry into the implications of these novel archaeological methods for the field and its future directions. This edited volume gathers together a new generation of scholars who offer a revealing exploration of these insights as well as challenges to big questions in Cypriot archaeology, such as the rise of social complexity, urban settlement histories, and changes in culture and identity. These enduring topics provide the foundation for investigating the benefits and challenges of twenty-first-century methods and conceptual frameworks. Divided into three main sections related to critical chronological transitions, from earliest prehistory to the development of autonomous kingdoms during the Iron Age, each contribution exposes and engages with a different advance in studies of material culture, absolute dating, paleoenvironmental analysis, and spatial studies using geographic information systems. From rethinking the chronological transitions of the Early Bronze Age, to exploring regional craft production regimes of the Middle and Late Bronze Ages, to locating Iron Age cemeteries through archival topographic maps, these exciting and pioneering authors provide innovative ways of thinking about Cypriot archaeology and its relationship to the wider discipline. List of Contributors: Georgia M. Andreou, Postdoctoral Fellow, Department of Classics, Cornell University Stella Diakou, Postdoctoral Fellow, Archaeological Research Unit, University of Cyprus Maria Dikomitou-Eliadou, Postdoctoral Fellow, Archaeological Research Unit, University of Cyprus David Frankel, Professor Emeritus of Archaeology and History, La Trobe University Artemis Georgiou, Marie Curie Research Fellow, Archaeological Research Unit, University of Cyprus Catherine Kearns, Assistant Professor of Classics, University of Chicago Sturt W. Manning, Goldwin Smith Professor of Classical Archaeology, Cornell University Eilis Monahan, PhD Candidate, Department of Near Eastern Studies, Cornell University Charalambos Paraskeva, Postdoctoral Researcher, Department of History and Archaeology, University of Cyprus Anna Satraki, Director of Larnaka District Museum, Department of Antiquities of Cyprus Matthew Spigelman, ACME Heritage Consultants, Partner
Book Synopsis The Evolution of the Political, Social and Economic Life of Cyprus, 1191-1950 by : Spyros Sakellaropoulos
Download or read book The Evolution of the Political, Social and Economic Life of Cyprus, 1191-1950 written by Spyros Sakellaropoulos and published by Springer Nature. This book was released on 2022-01-29 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book examines the evolution of the political, social and economic life of Cyprus from its conquest by Richard the Lionheart to the 1950 referendum on Enosis. Even with such a long period, around 900 years, the interest in controlling the island becomes clear given its particularly advantageous geographical position between Europe, Africa and Asia. Undoubtedly, Cyprus has always been an important centre for military and economic activity in the wider region. This book provides an interdisciplinary approach which combines history, political science, sociology, international relations and economics. It will be of interest to academics in Economic History, Middle-Eastern Studies, Mediterranean Studies and researchers in general, as well as anyone interested in political theory and the role of the state in particular.
Book Synopsis British Cyprus and the Long Great War, 1914-1925 by : Andrekos Varnava
Download or read book British Cyprus and the Long Great War, 1914-1925 written by Andrekos Varnava and published by Routledge. This book was released on 2019-06-14 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the Cypriot population, especially the lower classes, remained loyal to the British cause during the Great War and the island contributed significantly to the First World War, with men and materials. The British acknowledged this yet failed to institute political and economic reforms once the war ended. The obsession of Greek Cypriot elites with enosis (union with Greece), which only increased after the war, and the British dismissal of increasing the role of Cypriots in government, bringing the Christian and Muslim communities closer, and expanding franchise to all classes and sexes, led to serious problems down the line, not least the development of a democratic deficit. Andrekos Varnava studies the events and the impact of this crucial period.
Book Synopsis The Macroeconomics of Happiness by : Rafael Di Tella
Download or read book The Macroeconomics of Happiness written by Rafael Di Tella and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Making Ancient Cities by : Andrew T. Creekmore, III
Download or read book Making Ancient Cities written by Andrew T. Creekmore, III and published by Cambridge University Press. This book was released on 2014-04-28 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume investigates how the structure and use of space developed and changed in cities, and examines the role of different societal groups in shaping urbanism. Culturally and chronologically diverse case studies provide a basis to examine recent theoretical and methodological shifts in the archaeology of ancient cities. The book's primary goal is to examine how ancient cities were made by the people who lived in them. The authors argue that there is a mutually constituting relationship between urban form and the actions and interactions of a plurality of individuals, groups, and institutions, each with their own motivations and identities. Space is therefore socially produced as these agents operate in multiple spheres.
Author :European Commission. Directorate-General for Economic and Financial Affairs Publisher : ISBN 13 : Total Pages :62 pages Book Rating :4.F/5 ( download)
Book Synopsis Macroeconomic Imbalances - Cyprus by : European Commission. Directorate-General for Economic and Financial Affairs
Download or read book Macroeconomic Imbalances - Cyprus written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2012 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 14 February 2012, the European Commission presented its first Alert Mechanism Report (AMR) in accordance with the Regulation (EU) No. 1176/2011 on the prevention and correction of macroeconomic imbalances. The AMR serves as an initial screening device to identify Member States that warrant further in depth analysis into whether imbalances exist or risk emerging. According to Article 5 of Regulation No. 1176/2011, these country-specific ?in-depth reviews? should examine the nature, origin and severity of macroeconomic developments in the Member State concerned, which constitute, or could lead to, imbalances. On the basis of this analysis, the Commission concludes whether it considers that an imbalance exists or not, and if so whether it is excessive or not, and what type of follow-up it will recommend to the Council to address to the Member State. This in-depth review concludes that Cyprus is experiencing very serious macroeconomic imbalances, which are not excessive but need to be urgently addressed. In particular, macroeconomic developments as reflected in the current account, public finances and the financial sector require close monitoring and urgent economic policy attention in order to avert any adverse effects on the functioning of the economy and of economic and monetary union.
Book Synopsis The Maritime Economy of Ancient Cyprus in Terms of the New Institutional Economics by : Andreas P. Parpas
Download or read book The Maritime Economy of Ancient Cyprus in Terms of the New Institutional Economics written by Andreas P. Parpas and published by Archaeopress Publishing Ltd. This book was released on 2022-05-05 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study considers the maritime economy of ancient Cyprus from 1450 BC to 295 BC, combining, for the first time, three distinct disciplines, that is History, Archaeology and Economic theory. The principles of New Institutional Economics are used to trace the island’s institutions and their continuity and to reconstruct its maritime history.
Book Synopsis The History of the Communist Party in Cyprus by : Yiannos Katsourides
Download or read book The History of the Communist Party in Cyprus written by Yiannos Katsourides and published by Bloomsbury Publishing. This book was released on 2014-06-13 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cypriot pollitics are among the most contentious in Europe, and frequently attract the attention of the international community. Here, Yiannos Katsourides traces the historical development of the Cypriot party system, and in particular the growth of the Communist Party, now known as AKEL- the first formally organised political party on the island. The party was a political movement with a specific programme for radical reform that conficted both with the British Empire and the local establishment. It was treated with hostility and declared illegal. Based on new archival research, Katsorides addresses the social, religious, economic and political environment in which communist and working class politics existed on the island, and locates them within the context of a country connected inextricably with Turkey, Great Britain and Greece. This book will be of significant interest to anyone interested in the history of Cyprus, European communist movements or British colonialism and diplomacy in the Mediterranean.