Showing 1 - 10 of 2,767
over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … tends to be more balanced when nominal exchange rates are flexible. Intra-euro area imbalances also seem to have become more … persistent with the introduction of the euro, some of which is linked to labor market inflexibility. Reviewing the direction of …
Persistent link: https://www.econbiz.de/10010738071
of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade … imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness … within pairs of countries or in the overall trade competitiveness of individual countries. Intra-euro area imbalances also …
Persistent link: https://www.econbiz.de/10010851008
of ECB and of the SECB, section 5 assesses the study of euro impact on Portugal and, section 6 evaluates EMU after 10 …We show the Portuguese transition to the euro, in the framework of political economics, by constructing a bivariate … confidence index, based upon Rocha de Sousa (1998, 1999a,b, 2001). Besides we try to understand if the euro functioned as an …
Persistent link: https://www.econbiz.de/10008489652
implications of the first decade of the Euro and to extend this understanding forwards to Europe and beyond. …
Persistent link: https://www.econbiz.de/10010669631
, Eurozone societies. A review of EMU's origins and first years of EMU would thus be remiss without national case studies. France … European monetary integration and EMU. …
Persistent link: https://www.econbiz.de/10010669632
and monetary union (EMU), as well as on some key problems of Stage Three that EMU’s monetary and fiscal structures … single joint currency. A third problem, one that is central for EMU and to any currency union, lies behind the difficulty of … with the provision of lender of last resort facilities in the euro zone and the framework for supervising financial …
Persistent link: https://www.econbiz.de/10011131787
Like in 2006, the balance of payments for 2007 shows that the increase in resident banks’ international liabilities made it possible to cover the current account defi cit and the outfl ows related to direct and portfolio investment.
Persistent link: https://www.econbiz.de/10009274750
In 2006, the international resources of financial and monetary institutions covered the current account defi cits and the net outflows relative to direct and portfolio investment.
Persistent link: https://www.econbiz.de/10009283324
The switch to the euro currency implies major changes in the actual financial software, that is why this process has to … be well prepared not only by the IT industry, but also by each enterprise. This article focuses on the impact of the euro …
Persistent link: https://www.econbiz.de/10005668986
In its first part, the present essay focuses on one main thesis. The transition to full EMU and the introduction of the … euro will have a more effect on European banking than the previous Single Market¨Project (Europe 1992). They deal directly …
Persistent link: https://www.econbiz.de/10005698097