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Monetary Union, Even Higher Integration, or Back to National Currencies?

Economides, George - 2016

This paper quantifies the welfare differences among a monetary union, flexible exchange rates (economic disintegration) and a monetary plus fiscal transfer union (higher economic integration). The vehicle of analysis is a medium-scale New Keynesian DSGE model consisting of two heterogeneous...

Persistent link: https://www.econbiz.de/10012996680

Fiscal Rules, Financial Stability and Optimal Currency Areas

De Grauwe, Paul - 2015

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co … conclude that the intense fiscal rules that have been introduced in the Eurozone after the emergence of the debt crisis reduced …

Persistent link: https://www.econbiz.de/10013020581

The Exchange Rate Susceptibility of Some European Core Industries and the Currency Union

Leuwer, David; Suessmuth, Bernd - 2021

This paper investigates the relationship between real exchange rate changes and the German, French and UK automobile and mechanical engineering sector. In stylized models, exports decline whenever the domestic currency appreciates and vice versa. Strategic firm behavior, however, can obscure the...

Persistent link: https://www.econbiz.de/10013315771

How to Be Well Shod to Absorb Shocks? Shock Synchronization and Joining the Euro Zone

Gilson, Natacha (Nathalie) - 2021

This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in … some neighboring countries. The analysis is based on recent data and each Eurozone member country is compared with an … aggregate series corresponding to an area made up of the entire Eurozone minus the country being compared. The results of the …

Persistent link: https://www.econbiz.de/10013317269

Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union

Schnabl, Gunther - 2013

In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...

Persistent link: https://www.econbiz.de/10013094029

Quantitative easing rules as a means to achieve optimal levels of structural reforms and government deficits in a monetary union

Campoy-Miñarro, Juan C.; Negrete, Juan Carlos - In: The world economy : the leading journal on … 46 (2023) 9, pp. 2755-2779

Persistent link: https://www.econbiz.de/10014362617

EMS and EMU after the fall : a comment

Williamson, John - In: The world economy : the leading journal on … 16 (1993) 3, pp. 377-379

Persistent link: https://www.econbiz.de/10001145096

Strategic interactions and contagion effects under monetary unions

Canofari, Paolo; Di Bartolomeo, Giovanni; Piersanti, … - In: The world economy : the leading journal on … 38 (2015) 10, pp. 1618-1629

Persistent link: https://www.econbiz.de/10011412097

The suitability of ASEAN for a regional currency arrangement

Bayoumi, Tamim A.; Mauro, Paolo - In: The world economy : the leading journal on … 24 (2001) 7, pp. 933-954

Persistent link: https://www.econbiz.de/10001603158

The EU and ASEAN : real integration and lessons in financial cooperation

Plummer, Michael G. - In: The world economy : the leading journal on … 25 (2002) 10, pp. 1469-1500

Persistent link: https://www.econbiz.de/10001720385

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