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Paper deals with the European Monetary Union from perspective of Post Keynesian school of economic thought. It discusses separately arguments often proposed by mainstream economists. After the brief introduction, which highlights main differences between mainstream and Post Keynesian economic...
Persistent link: https://www.econbiz.de/10005036566
euro area. In this paper we try to answer two questions. Section 1 examines the features and risks of the EMU. Is EMU an … optimum currency area and what is the OCA scorecard of euro area? We conclude that euro area - in spite of its indisputable … convergence to average level of euro area before and after joining the EMU. The readiness of Slovak economy for euro adoption …
Persistent link: https://www.econbiz.de/10008754964
ďalšie rozširovanie členskej základne eurozóny. Globálna nerovnováha sa prejavuje aj na európskom finančnom trhu. Euro sa …
Persistent link: https://www.econbiz.de/10008683373
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The transformation of the world economy over the past two decades has been manifesting itself in various forms. On the one hand, there is an increasing interdependence of the world economy, which is a manifestation of the depth of the globalization process, mainly thanks to the expansion of...
Persistent link: https://www.econbiz.de/10008500692
An assumption that a central bank can influence the real interest rates is the object of our interest. In the paper we form and solve a model which corresponds to Romer´s (2000) assumptions. Our model is IS-LM augmented by a conception of price-adjusting after monetary intervention and...
Persistent link: https://www.econbiz.de/10008876467
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