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"The Euro and Its Guardian of Stability--The Fiction and Reality of the 10th Anniversary Blast"
Bibow, Jorg - Levy Economics Institute - 2009
This paper investigates why Europe fared particularly poorly in the global economic crisis that began in August 2007. It questions the self-portrait of Europe as the victim of external shocks, pushed off track by reckless policies pursued elsewhere. It argues instead that Europe had not only...
Persistent link: https://www.econbiz.de/10008509462
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EMU's Decentralized System of Fiscal Policy
Hagen, Jürgen von; Wyplosz, Charles - Directorate-General Economic and Financial Affairs, … - 2008
This paper reviews the macroeconomic use of national fiscal policy in EMU and examines the rational and scope for a …
Persistent link: https://www.econbiz.de/10008459219
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Fiscal and monetary policy determinants of the Eurozone crisis and its resolution
Dabrowski, Marek - 2012
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10011430901
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The economic and monetary union: Past, present and future
Dabrowski, Marek - 2019
Twenty years of euro history confirms the euro's stability and position as the second global currency. It also enjoys the support of majority of the euro area population and is seen as a good thing for the European Union. The European Central Bank has been successful in keeping inflation at a...
Persistent link: https://www.econbiz.de/10012387274
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Fiscal and Monetary Policy Determinants of the Eurozone Crisis and its Resolution
Dabrowski, Marek - CASE-Center for Social and Economic Research - 2012
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10010625526
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The economic and monetary union : past, present and future
Dąbrowski, Marek - 2019
Twenty years of euro history confirms the euro's stability and position as the second global currency. It also enjoys the support of majority of the euro area population and is seen as a good thing for the European Union. The European Central Bank has been successful in keeping inflation at a...
Persistent link: https://www.econbiz.de/10012029380
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The long road to EMU: The Economic and Political Reasoning behind Maastricht
Torres, Francisco - Departamento de Economia, Gestão e Engenharia … - 2007
different stages. It concludes that Economic and Monetary Union (EMU) as agreed at Maastricht reflected a compromise between two … and on the calendar for the realisation of EMU. The various (political and economic) motivations for the convergence of … initially different views on the role of monetary policy and successive interpretations of the objectives of EMU are discussed …
Persistent link: https://www.econbiz.de/10004985693
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The long road to EMU: The Economic and Political Reasoning behind Maastricht
Torres, Francisco - Núcleo de Investigação em Políticas Económicas … - 2007
different stages. It concludes that Economic and Monetary Union (EMU) as agreed at Maastricht reflected a compromise between two … and on the calendar for the realisation of EMU. The various (political and economic) motivations for the convergence of … initially different views on the role of monetary policy and successive interpretations of the objectives of EMU are discussed …
Persistent link: https://www.econbiz.de/10005704694
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Central European EU Accession and Latin American Integration: Mutual Lessons in Macro-Economic Policy Design
Kopits, George - 2002
Design options in exchange rate, monetary and fiscal policies, are explored for economies in Central Europe and Latin America that aspire to engage in monetary unification. Recent experience in these regions suggests that, absent a model of institutional harmonization and a road map for policy...
Persistent link: https://www.econbiz.de/10013369992
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Central European EU Accession and Latin American Integration: Mutual Lessons in Macro-Economic Policy Design
Kopits, George - Oesterreichische Nationalbank - 2002
Design options in exchange rate, monetary and fiscal policies, are explored for economies in Central Europe and Latin America that aspire to engage in monetary unification. Recent experience in these regions suggests that, absent a model of institutional harmonization and a road map for policy...
Persistent link: https://www.econbiz.de/10005839485