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eminently. The euro has proven credible both in the countries that officially adopted it and in the countries that adopted it … facilitate the accession of willing EU members to the euro by relaxing the ERM II conditions. …
Persistent link: https://www.econbiz.de/10011430838
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
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Germany have publicly supported the euro in the weeks before a bailout program got enacted by the European Council in July …
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This paper analyses the main features of the market for euro-denominated bonds issued by non-euro area residents on the … the internationalisation of the euro since 1999, more than sovereigns in transition and emerging economies, whose part was … initially expected to be stronger. It confirms that the euro’s international role is characterised by a strong regional focus …
Persistent link: https://www.econbiz.de/10011606170
Official and unilateral dollarisation/euroisation has become a common policy advice for emerging market economies. Against this background, the paper provides a comprehensive review of all the main cases of dollarisation/euroisation, analysing motives, features and policy implications of this...
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The paper examines economic and political challenges of joining the euro area in the case of Poland. After reviewing … the economic developments since the pre-accession period and assessing economic convergence with the euro area the paper … focuses on the political and institutional challenges of acceding to the euro zone. Special attention is given to the effect …
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