Narrow search
Showing 1 - 10 of 79
Cover Image
Foreign demand for euro banknotes
Lalouette, Laure; Zamora-Pérez, Alejandro; Rusu, Codruta; … - 2021
transactions is decreasing in the euro area - a phenomenon known as the paradox of banknotes - the members of the Overseas … workstream of the Eurosystem Research Network on Cash (EURECA) have conducted a study on the foreign demand for euro banknotes …
Persistent link: https://www.econbiz.de/10012521157
Cover Image
Stress-Testing of Liquidity Risk in Target2
Papsdorf, Patrick - 2017
The paper reports the outcome of the stress-testing of liquidity risk in the TARGET2 payment system, with the study having been conducted by an ad-hoc group composed of operators and overseers of TARGET2. The study aims to assess the resilience of the system, defined as the network of its...
Persistent link: https://www.econbiz.de/10012962520
Cover Image
Economic and monetary integration of the new Member States - helping to chart the route
Angeloni, Ignazio; Flad, Michael; Mongelli, Francesco Paolo - 2005
This paper examines diverse aspects of the monetary integration of the ten new Member States (NMS) which joined the EU on 1 May 2004 into the euro area. Most NMS have undergone a rapid and deep transformation in all areas with considerable progress in their processes of reform and convergence,...
Persistent link: https://www.econbiz.de/10011606188
Cover Image
What does European institutional integration tell us about trade integration?
Mongelli, Francesco Paolo; Dorrucci, Ettore; Agur, Itai - 2005
The start of the European Economic and Monetary Union (EMU) has spurred a new interest in the debate on the effects of monetary unions on regional economic integration. This literature either investigates past episodes of monetary unions or attempts to gauge any effect with a few years of EMU...
Persistent link: https://www.econbiz.de/10011606192
Cover Image
The working of the eurosystem - monetary policy preparations and decision-making – selected issues
Moutot, Philippe; Jung, Alexander; Mongelli, Francesco Paolo - 2008
The ECB’s monetary policy has received considerable attention in recent years. This is less the case, however, for its regular monetary policy preparation and decision-making process. This paper reviews how the factors usually considered as critical for the success of a central banking system...
Persistent link: https://www.econbiz.de/10011606231
Cover Image
Euro area labour markets and the crisis
2012
Between the start of the economic and financial crisis in 2008, and early 2010, almost four million jobs were lost in the euro area. Employment began to rise again in the first half of 2011, but declined once more at the end of that year and remains at around three million workers below the...
Persistent link: https://www.econbiz.de/10011606290
Cover Image
The Working of the Eurosystem : Monetary Policy Preparations and Decision-Making - Selected Issues
Moutot, Philippe; Jung, Alexander; Mongelli, Francesco Paolo - 2021
The ECB's monetary policy has received considerable attention in recent years. This is less the case, however, for its regular monetary policy preparation and decision-making process. This paper reviews how the factors usually considered as critical for the success of a central banking system...
Persistent link: https://www.econbiz.de/10013316885
Cover Image
Foreign Demand for Euro Banknotes
Lalouette, Laure; Zamora-Pérez, Alejandro; Rusu, Codruta; … - 2021
transactions is decreasing in the euro area – a phenomenon known as the paradox of banknotes – the members of the Overseas … workstream of the Eurosystem Research Network on Cash (EURECA) 1 have conducted a study on the foreign demand for euro banknotes … demand and to estimate the share of euro banknotes circulating outside the euro area. The results provide an insight into the …
Persistent link: https://www.econbiz.de/10013243845
Cover Image
The Mutating Euro Area Crisis : Is the Balance between 'Sceptics' and 'Advocates' Shifting?
Mongelli, Francesco Paolo - 2013
The destructive potential of the sovereign debt crisis of the euro area has been slowly abating since last summer, but still remains considerable. One reason for it is the sheer complexity of the crisis, which brings together several harmful factors, some long-standing, others more recent, like...
Persistent link: https://www.econbiz.de/10013086775
Cover Image
The Four Unions 'PIE' on the Monetary Union 'CHERRY' : A New Index of European Institutional Integration
Dorrucci, Ettore - 2015
This paper presents a European Index of Regional Institutional Integration (EURII), which maps developments in European integration from 1958 to 2014 on the basis of a monthly dataset. EURII captures what we call: (i) the “Common Market Era”, which lasted from 1958 until 1993; and (ii) the first...
Persistent link: https://www.econbiz.de/10013030488