This paper contributes to the understanding of the international financial linkages created by US banks by looking at the geographical composition and structure of the balance sheet of foreign branches. The empirical investigation, which is based on a novel dataset containing balance sheet...

Time-varying exchange rate pass-through effects to domestic prices under fixed euro exchange rate perspective represent one of the most challenging implications of the common currency. The problem is even more crucial when examining crisis related redistributive effects associated with relative...

Front Cover -- Economic Imbalances and Institutional Changes to the Euro and the European Union -- Copyright Page -- Contents -- List of Contributors -- Economic Imbalances and Institutional Changes to the Euro and the European Union -- Introduction -- Part I: Institutional and Political Issues...

This book offers a criticalperspective from which to observe evolution of the Euro Area and the European Union in these times of growing economic and political conflict. Key implications of design failures in the Euro Area (i.e. incorrect diagnostics ofthe public finance crisis, single monetary...

Fiscal and Monetary Policy in the Eurozoneoffers systematic analyses of the economic policy framework of the Eurozone and critiques current ideas about how to move forward, making it essential reading for postgraduate students of economics and of keen interest to researchers, policymakers,...

This chapter examines the issue of policy coordination as conceived by the Eurozone institutional setting. After having briefly recalled the meaning of fiscal and monetary policy coordination in the Keynesian and present paradigm, it describes the meaning of coordination inside the Eurozone: it...