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Can South Asia Adopt a Common Currency?
Saxena, Sweta C. - EconWPA - 2005
The paper examines if the seven South Asian countries satisfy the criteria to form an optimal currency area. The empirical part of the paper reveals some positive attributes (such as the existence of positive shocks for major economies like India, Pakistan and Sri Lanka). The paper provides...
Persistent link: https://www.econbiz.de/10005119452
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Contagion across Eurozone's sovereign spreads and the Core-Periphery divide
Angelini, Elisabetta Croci; Farina, Francesco; … - Dipartimento di Studi Sullo Sviluppo Economico (DISSE), … - 2014
on the 10 years German Bund within the Eurozone. Empirical evidence drawn from the BIS dataset on banks' portfolios shows … econometric estimates through a GVAR model, where each country's spread depends upon all Eurozone countries' spreads. Results show …/GDP ratio and the REER values with respect to the Eurozone average. Macroeconomic failures in public finances and …
Persistent link: https://www.econbiz.de/10011152391
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Re-Evaluating Swedish Membership in EMU: Evidence from an Estimated Model
Söderström, Ulf - C.E.P.R. Discussion Papers - 2008
I revisit the potential costs and benefits for Sweden of joining the Economic and Monetary Union (EMU) of the European Union. I first show that the Swedish business cycle since the mid-1990s has been closely correlated with the Euro area economies, suggesting that common shocks have been an...
Persistent link: https://www.econbiz.de/10005124237
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Re-Evaluating Swedish Membership in EMU: Evidence from an Estimated Model
Söderström, Ulf - Sveriges Riksbank - 2008
I revisit the potential costs and benefits for Sweden of joining the Economic and Monetary Union (EMU) of the European Union. I first show that the Swedish business cycle since the mid-1990s has been closely correlated with the Euro area economies, suggesting that common shocks have been an...
Persistent link: https://www.econbiz.de/10005649086
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Revisiting the core-periphery view of EMU
Pentecôte, Jean-Sébastien; Huchet-Bourdon, Marilyne - In: Economic Modelling 29 (2012) 6, pp. 2382-2391
This study extends Bayoumi and Eichengreen's (1993) empirical methodology in order to give a reappraisal of the core-periphery view of the enlarged euro area. We show how to derive two useful indices from the “correlation box” formed by aggregate demand and supply shocks. One measures the...
Persistent link: https://www.econbiz.de/10011048923
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The accidental redistribution of seignorage wealth in the Eurosystem
Sinn, Hans-Werner; Feist, Holger - In: CESifo Forum 1 (2000) 3, pp. 27-29
Persistent link: https://www.econbiz.de/10004998735
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Advancing Global Trade: Pro Liberalisation and Development
Neary, Peter; Ainars S¡lesers; Krubasik, Edward G.; … - In: CESifo Forum 4 (2003) 2, pp. 52-67
Persistent link: https://www.econbiz.de/10004998656
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The Future of the European Growth and Stability Pact
Eichengreen, Barry; Papademos, Lucas D. - In: CESifo Forum 4 (2003) 2, pp. 68-77
Persistent link: https://www.econbiz.de/10004998660
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US Trade Strategy and European Interests
Zoellick, Robert B. - In: CESifo Forum 4 (2003) 3, pp. 18-23
Persistent link: https://www.econbiz.de/10004998705
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COORDINATION OF FISCAL POLICIES IN A MONETARY UNION
Díaz-Roldán, Carmen - Asociación Española de Economía y Finanzas … - 2000
This paper examines how the member countries of a monetary union react to country-specific shocks and to shocks from the rest of the world, when the budget deficit is the only policy instrument available. We develop a three-country model in which countries show different preferences regarding...
Persistent link: https://www.econbiz.de/10008493827