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The euro and inflation uncertainty in the European Monetary Union

Caporale, Guglielmo Maria (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003395399

Monetary policy in EMU when the transmission is asymmetric and uncertain

De Grauwe, Paul; Sénégas, Marc-Alexandre - 2003

In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...

Persistent link: https://www.econbiz.de/10011506467

Turkey and the EU : politics and economics of accession

Flam, Harry - 2003

This paper discusses political and economic aspects of Turkish accession. Under present rules, Turkey would have the greatest number of council votes within twenty years, and receive the largest budget transfer. Free migration may increase the Turkish immigrant population in Germany from 2 to...

Persistent link: https://www.econbiz.de/10011506471

Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries

MacDonald, Ronald; Wójcik, Cezary - 2003

The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...

Persistent link: https://www.econbiz.de/10011506491

Enlargements and the principles of designing EU : decision-making procedures

Widgrén, Mika - 2003

This paper examines how neutral the current EU decision-making procedures are to membership and how well they obey certain transparent general constitutional principles. The paper evaluates the performance of the procedures by strategic and classical power indices. The main emphasis in the...

Persistent link: https://www.econbiz.de/10011507661

Financing entrepreneurial firms in Europe : facts, issues, and research agenda

Bottazzi, Laura; Da Rin, Marco - 2003

During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture …

Persistent link: https://www.econbiz.de/10011507965

Who needs foreign banks?

Gros, Daniel - 2003

This paper shows that countries with weak banking system and fiscal institutions, should benefit from the presence of foreign banks, which can constitute a commitment and transparency device. Foreign banks can also reduce the probability of self-fulfilling speculative attacks. A strong presence...

Persistent link: https://www.econbiz.de/10011508110

Following in their footsteps : comparing interest parity conditions in Central European economies to the Euro countries

Mansori, Kashif - 2003

in the pre-euro EU. The results suggest that capital mobility and exchange rate market efficiency in Central Europe are …This paper investigates capital market integration in the major Central European emerging economies by testing the … covered and uncovered interest parity conditions vis-à-vis the U.S. dollar and the DM/euro. The results for the Central …

Persistent link: https://www.econbiz.de/10011509413

Transatlantic monetary and fiscal policy interaction

Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between … the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is … constructed. It is analyzed how monetary and fiscal rules affect the adjustment dynamics in the individual euro-area countries …

Persistent link: https://www.econbiz.de/10011509484

Is there a European business cycle?

Artis, Michael J. - 2003

The paper uses quarterly GDP data for some 30 years up to and including 2001, to examine the identity and development of the European business cycle. Cycles are identified by using a band-pass filter version of the Hodrick-Prescott filter and affiliations are examined using clustering techniques...

Persistent link: https://www.econbiz.de/10011509523

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