of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …

This paper comments on the main challenges stemming from the strong Euro for ECB monetary policy. For this purpose, it … towards the Euro exchange rate. Does exchange rate orientation of monetary policy represent a violation of the ECB¡¯s mandate …? Searching for the exchange rate benchmark: what exactly is the equilibrium rate to target? Influencing the euro¡¯s real exchange …

Die Finanzkrise 2007/2008 und die derzeitige "Euro-Krise" stellen das bisherige Weltwährungssystem in Frage. Sie legt … sich ein multipolares Leitwährungssystem herausbilden, in dem neben dem gegenwärtig dominierenden US-Dollar auch der Euro …

Small and medium size enterprises (SMEs) of southern euro area economies (e.g. Italy, Spain) pay significantly higher … market failures prevent SMEs in southern euro area countries from access to key inputs, in particular access to finance. This …

Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher … market failures prevent SMEs in southern euro area countries from access to key inputs, in particular access to finance. This …

more and more a political player which endangers the ECB's independence. Seit Ausbruch der Finanzkrise haben Zentralbanken …

In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows … stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FMOLS, CCR and …

a house price bubble in contrast to other euro area economies such as Ireland and Spain. Applying an Autoregressive …