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nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …
Persistent link: https://www.econbiz.de/10012470368
As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is … no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an …
Persistent link: https://www.econbiz.de/10012470644
banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the …
Persistent link: https://www.econbiz.de/10012472742
Opening Europe's borders in 1993 makes the allocation of resources more vulnerable to differences in the national tax rates. The first part of the paper demonstrates that direct consumer purchases will imply distortions resulting from diverging VAT rates and it clarifies why the frequently cited...
Persistent link: https://www.econbiz.de/10012475789
While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and …
Persistent link: https://www.econbiz.de/10012453105