Narrow search
Showing 1 - 10 of 493
Cover Image
Bad for Euroland, worse for Germany: the ECB's record
Bibow, Jörg - 2005
This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious … circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the … especially the ECB are firmly geared against it. The ECB's monetary policies have been biased against growth and have thus proved …
Persistent link: https://www.econbiz.de/10010266550
Cover Image
Options for China in a dollar standard world: A sovereign currency approach
Wray, L. Randall; Liu, Xinhua - 2014
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010513080
Cover Image
Towards a single performance indicator in the EU's fiscal governance framework: An assessment of the expenditure and structural balance rules in the European fiscal governance fram...
Benalal, Nicholai; Freier, Maximilian; Melyn, Wim; Van … - 2022
A key element of the European reform agenda is to simplify the EU fiscal governance framework by moving towards a single debt anchor and a single operational indicator as the basis for formulating fiscal targets and assessing compliance. This paper puts forward an in-depth analysis of two...
Persistent link: https://www.econbiz.de/10013331895
Cover Image
An investment initiative for fiscally constrained EU member states: The role of synergetic financial instruments
Zeilbeck, Severin - 2015
The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011381297
Cover Image
How the Maastricht regime fosters divergence as well as fragility
Bibow, Jörg - 2006
-term survival of EMU. …
Persistent link: https://www.econbiz.de/10010266502
Cover Image
Europe's quest for monetary stability: central banking gone astray
Bibow, Jörg - 2005
This paper provides an overview of central banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the Eurosystem and its central banking functions, the kind of independence granted to the system and the role of monetary policy that...
Persistent link: https://www.econbiz.de/10010266508
Cover Image
Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system
Hein, Eckhard - 2016
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431825
Cover Image
Austerity in the Euro area: The sad state of economic policy in Germany and the EU
Truger, Achim - 2013
The Euro area is currently going through its worst period of recession and economic stagnation since the Great Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the devastating economic effects it has already had and must be...
Persistent link: https://www.econbiz.de/10010333079
Cover Image
The euro and its guardian of stability: The fiction and reality of the 10th anniversary blast
Bibow, Jörg - 2009
This paper investigates why Europe fared particularly poorly in the global economic crisis that began in August 2007. It questions the self-portrait of Europe as the victim of external shocks, pushed off track by reckless policies pursued elsewhere. It argues instead that Europe had not only...
Persistent link: https://www.econbiz.de/10010281711
Cover Image
Finance-dominated capitalism, re-distribution and the financial and economic crises: A European perspective
Hein, Eckhard - 2012
In this paper the euro crisis is viewed as the most recent episode of the crisis of financedominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...
Persistent link: https://www.econbiz.de/10010309812