Showing 1 - 10 of 99
The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is … the euro are assessed and found lacking. A "Euro Treasury" scheme operating on a strict rule and specifically designed not … to be a transfer union is proposed here as a condition sine qua non for healing the euro's potentially fatal birth …
Persistent link: https://www.econbiz.de/10010204687
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...
Persistent link: https://www.econbiz.de/10003943187
foolish enough to believe that it will be enough. Greece's finance minister reportedly said that his nation cannot continue to …
Persistent link: https://www.econbiz.de/10009316117
Imbalances ; Sectoral Balances Approach ; Modern Money Theory ; Debt Cancellation ; Global Financial Crisis ; Euro Crisis ; EMU …
Persistent link: https://www.econbiz.de/10009425496
A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a … single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country …
Persistent link: https://www.econbiz.de/10011296744
originated from the financial convergence that followed adoption of the euro. …
Persistent link: https://www.econbiz.de/10011349393
default. It is argued that the current crisis in Europe illustrates why the euro is not a real contender for hegemony in the … near future. -- Dollar ; Euro ; International Currency …
Persistent link: https://www.econbiz.de/10008990930
depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …
Persistent link: https://www.econbiz.de/10009757118
, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …
Persistent link: https://www.econbiz.de/10009732260
inherited from Germany’s mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also … warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra …
Persistent link: https://www.econbiz.de/10003943124