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How to increase the value of bilateral trade? : currency union versus fixed exchange rate regime

Stoykova, Oleksandra Ivanievna - In: Entrepreneurial business and economics review : EBER 9 (2021) 2, pp. 21-38

Objective: The objective of the article is to determine which exchange rate regime provides higher bilateral trade: fixed rate or currency union. Research Design & Methods: An index was designed based on variables commonly recognised as those that might affect the value of bilateral trade and...

Persistent link: https://www.econbiz.de/10012520004

Recent patterns of economic alignment in the European (Monetary) Union

Gehringer, Agnieszka; König, Jörg - In: Journal of risk and financial management : JRFM 14 (2021) 8, pp. 1-23

This paper studies the process of business cycle synchronization in the European Union and the euro area. As our … in the core and peripheral members of the euro area. Our analysis of quarterly data covering the first two decades of the … euro area shows that there was a certain synchronization tendency in the first years of the common currency. However, the …

Persistent link: https://www.econbiz.de/10012626655

Creation and evolution of European economic and monetary union : lessons for Asian economic integration

Subramanian, Muthurangam; Taghizadeh-Hesary, Farhad; … - 2020

of history confirm the stability of the euro as a single currency in the region and it is seen as a great achievement of …

Persistent link: https://www.econbiz.de/10012212663

Inflation and inflation differentials in core Eurozone countries

Popović, Svetlana; Janković, Irena; Lukić, Velimir - In: Ekonomske teme 60 (2022) 2, pp. 165-186

The paper analyzes the convergence of inflation rates in the group of more developed members of the Eurozone (core countries). What are the characteristics and is the inflation process in these countries sufficiently homogeneous? Are the analysed inflation rates converging, so that there is an...

Persistent link: https://www.econbiz.de/10014281769

Assessing the optimality of euro adoption in Romania through shock correlations

Bodea, Adrian - In: European journal of government and economics : EJGE 10 (2021) 2, pp. 107-127

The present paper is concerned with the prospect of euro adoption in Romania. The study starts from the relevant … that there is room for the conduct of macro policies to become more supportive to the process of euro adoption and that the …

Persistent link: https://www.econbiz.de/10013174010

Global and regional shock transmission : an Asian perspective

Shrestha, Nagendra; Satō, Kiyotaka - In: Journal of economic structures : JES; the official … 10 (2021), pp. 1-25

This paper constructs and uses the global input-output (GIO) table with 35 industries, 29 endogenous countries and 59 exogenous countries, and develops new indices to measure the degree of shock transmission in terms of intermediate goods and value-added embodied in production induced by...

Persistent link: https://www.econbiz.de/10012803934

New approaches to international reserves : the lack of credibility in reserve currencies

Vinokurov, Evgeny Y.; Grichik, Marina V.; Tsukarev, Taras V. - In: Russian journal of economics 8 (2022) 4, pp. 315-332

The ongoing international reserve paradigm based on trust will experience a major transformation despite being convenient, flexible and low-cost. The underlying issue is a loss of trust. Due to the massive financial sanctions imposed on Russia and other states, traditional reserve currencies...

Persistent link: https://www.econbiz.de/10015394275

The nexus of peer-to-peer lending and monetary policy transmission : evidence from the People's Republic of China

Renzhi, Nuobu; Beirne, John - 2024

This paper empirically investigates how the level of peer-to-peer (P2P) lending affects monetary policy transmission in the People's Republic of China (PRC). Using statedependent local projection methods, we find that the macroeconomic effects of unanticipated changes in monetary policy are...

Persistent link: https://www.econbiz.de/10015133084

América Latina e a probabilidade de influência do BRICS

Baumann, Renato - Instituto de Pesquisa Econômica Aplicada - 2025

In the last seven decades multilateral agencies have by and large conditionned the external policies of several countries. Recently, uneasiness with several aspects has led to initiatives that question the present framework. The formation of the BRICS is a good example. However, initiatives by...

Persistent link: https://www.econbiz.de/10015413380

Parallel currencies under free floating exchange rates : a model setting out the conditions for stable currency competition

Castañeda, Juan E.; Damrich, Sebastian; Schwartz, Pedro - In: Economies : open access journal 12 (2024) 10, pp. 1-20

in Greece and Cyprus during the 'euro crisis' in the mid-2010s, or intractable hyperinflation - leave the country without …

Persistent link: https://www.econbiz.de/10015197663