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The eastward enlargement of the eurozone : the shaping of capital markets
Meyer, Thomas (contributor) - 2002
toward a more market based approach. Its impact in Eastern Europe will be even stronger. To ensure the success of EMU an …
Persistent link: https://www.econbiz.de/10001838266
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The eastward enlargement of the Eurozone : the shaping of capital markets ; regional inputs on data and statistic
Meyer, Thomas; Kiander, Jaakko; Vieira, Carlos; Vieira, … - 2002
This paper has been prepared as a part of a broader Ezoneplus project that evaluates European Monetary Union (EMU) and …
Persistent link: https://www.econbiz.de/10002187556
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Sovereign default risk and banks in a monetary union
Uhlig, Harald - 2013 - This revision: August 12, 2013
This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any...
Persistent link: https://www.econbiz.de/10009786077
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An estimated two country DSGE model of Austria and the Euro Area
Breuss, Fritz; Rabitsch, Katrin - 2008
& Monetary Union (EMU). The model includes both nominal and real frictions that have proven to be important in matching business … the EMU and investigates in how far this has altered macroeconomic transmission. We find that Austria's economy appears to … estimations on pre-EMU and EMU subsamples we find that the contribution of (rest of the) Euro Area shocks to Austria's business …
Persistent link: https://www.econbiz.de/10011347045
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Economic Policy Coordination in the EMU. How Much Scope will There be Within the Framework of the Stability and Growth Pact?
Breuss, Fritz; Weber, Andrea - 1999
for 10 EMU countries and for the ECB. The gains from cooperation are calculated by comparing two equilibria, a Nash and a … as a whole with the targets output gap and inflation. In the case of a "full" cooperation, where the 10 EMU countries … coordinate their fiscal policy with the monetary policy of the ECB the welfare gains are very large for the whole Euro zone …
Persistent link: https://www.econbiz.de/10011435046
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Economic policy coordination in the EMU : how much scope will there be within the framework of the stability and growth pact?
Breuss, Fritz; Weber, Andrea - 1999
for 10 EMU countries and for the ECB. The gains from cooperation are calculated by comparing two equilibria, a Nash and a … as a whole with the targets output gap and inflation. In the case of a "full" cooperation, where the 10 EMU countries … coordinate their fiscal policy with the monetary policy of the ECB the welfare gains are very large for the whole Euro zone …
Persistent link: https://www.econbiz.de/10011491576
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Towards expenditure rules and fiscal sanity in the euro area
Hauptmeier, Sebastian; Sanchez Fuentes, Jesus; … - 2010
followed neutral policies based on expenditure rules since the start of EMU. It also calculates the implications for debt …
Persistent link: https://www.econbiz.de/10011605312
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Finance-dominated capitalism, re-distribution and the financial and economic crises: A European perspective
Hein, Eckhard - 2012
In this paper the euro crisis is viewed as the most recent episode of the crisis of financedominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...
Persistent link: https://www.econbiz.de/10010309812
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Stagnation policy in the Eurozone and economic policy alternatives: A Steindlian/neo-Kaleckian perspective
Hein, Eckhard - 2017
Empirically, the macroeconomic institutions and the macroeconomic policy approach in the Eurozone have failed badly, both in terms of preventing the global financial and economic cri-sis from becoming a euro crisis and in generating a rapid recovery from the crisis, in particular. In this paper...
Persistent link: https://www.econbiz.de/10011891333
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From antigrowth bias to quantitative easing : the ECB's belated conversion?
Bibow, Jörg - 2016
This paper investigates the European Central Bank's (ECB) monetary policies. It identifies an antigrowth bias in the … bank's monetary policy approach: the ECB is quick to hike, but slow to ease. Similarly, while other players and … attached to the euro area’s official competitive wage-repression strategy, which is in conflict with the ECB's price stability …
Persistent link: https://www.econbiz.de/10011481632