Showing 1 - 10 of 1,196
Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern … proposed set of indicators and it is estimated Balassa-Samuelson Effect on non-Euro countries. …
Persistent link: https://www.econbiz.de/10009644766
economic fundamentals of Euro area member countries have not harmonized. The opposite holds: the Euro core countries - most of … international competitiveness. Although the overall balance of payments for the Euro area at large is almost balanced, internal … disequilibria are skyrocketing and default risk premiums and tensions within the Euro area are rising, thus jeopardizing the …
Persistent link: https://www.econbiz.de/10008534290
The Bank of the Euro, that is the European Central Bank, is the topic of this paper, since on January 1999 started the … European Monetary Union that introduced a single currency, the euro, which in turn will be managed by the European Central Bank … European Central Bank, or the Bank of the Euro, will play effectively and efficiently its role and ensure the stability and …
Persistent link: https://www.econbiz.de/10011201262
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10005037756
Some countries may face choice between targeting inflation independently and entering a monetary union that targets inflation. This paper shows that the choice of a country in favour of monetary union may be motivated by asymmetrical supply shocks. The demand shocks are neutralised under these...
Persistent link: https://www.econbiz.de/10005014728
This study presents an alternative reconsideration of traditional Optimum Currency Areas (OCA) macroeconomic convergence criteria as options for West African Monetary Zone (WAMZ) commencement, in the light of recent advancements in monetary theory. It presents micro-founded models, rooted in New...
Persistent link: https://www.econbiz.de/10005619985
The Swedish referendum in September 2003 on adopting the euro or keeping the domestic currency, the krona, represents a … European integration process heavily influenced the views of the voters towards the euro. …
Persistent link: https://www.econbiz.de/10005621732
The aim of this paper is to analyze whether the Euro zone is an optimal currency area. The analysis takes into … introduction of the euro there have been significant advancements in fulfilling some of the criteria, but there is still a need of … further progress in terms of wage flexibility, fiscal and political integration. The final conclusion is that Euro zone is not …
Persistent link: https://www.econbiz.de/10008836738
One solution to the euro crisis as a debt crisis can be found in stimulating economic growth. The Troika has proposed … wages only will not solve the euro crisis. Only in the case of Greece, Europe’s biggest 'problem child', would a general …
Persistent link: https://www.econbiz.de/10011258799
The Taylor rule has been used in many studies in order to analyse the monetary policies. In my work I focus on the Euro …
Persistent link: https://www.econbiz.de/10008559089