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Purpose: The purpose of this paper is to answer the following question: How did the standard and non-standard ECB policy measures influence the price level and the EUR/USD rate of exchange in the period 2008-2013? Design/methodology/approach: We formulated the following hypothesis: Depreciation...
Persistent link: https://www.econbiz.de/10011932801
Purpose: The purpose of this paper is to answer the following question: How did the standard and non-standard ECB policy measures influence the price level and the EUR/USD rate of exchange in the period 2008-2013? Design/methodology/approach: We formulated the following hypothesis: Depreciation...
Persistent link: https://www.econbiz.de/10011824306
Persistent link: https://www.econbiz.de/10012054528
Persistent link: https://www.econbiz.de/10014252772
The Maastricht convergence criteria are partially based on the theory of optimum currency areas and costs-benefits analysis of the creation of a single currency area as the EMU foundation. Fulfillment of convergence criteria should be durable, but it requires a certain degree of real convergence...
Persistent link: https://www.econbiz.de/10005518194
Persistent link: https://www.econbiz.de/10009663795