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Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the … physical introduction of the new currency nearly 20 years ago, while the euro crisis significantly reduced support for the euro …
Persistent link: https://www.econbiz.de/10012269193
depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …
Persistent link: https://www.econbiz.de/10009757118
others used the gravity model on a much smaller data set to estimate the effects of the euro on trade among its members … that were estimated in the euro's first four years hold up in the second four years? The answer is yes. Second, and more … explanations for the gap between 15% and 200%. First, lags. The euro is still very young. Second, size. The European countries are …
Persistent link: https://www.econbiz.de/10014212159
the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …
Persistent link: https://www.econbiz.de/10013316460
, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …
Persistent link: https://www.econbiz.de/10009732260
There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyse one, but … investigate how joining the Eurozone will affect the business cycle behaviour of the main macroeconomic variables in Poland. We … find that the Euro adoption will have a noticeable impact on the Polish economic fluctuations. In particular, the …
Persistent link: https://www.econbiz.de/10013130739
In this paper, the monetary policy independence of European nations in the years before European Monetary Union (EMU) is investigated using cointegration techniques. Daily data is used to assess pairwise relationships between individual EMU nations and ‘lead' nation Germany, to assess the...
Persistent link: https://www.econbiz.de/10013118510
Monetary policy has heterogeneous effects across euro area countries. There are strong correlations between cross …-union New Keynesian model with rich household balance sheets. I calibrate the model to Spain and the euro area and show that the … consumption response in Spain is 2.4 times stronger than the euro area in the model relative to 2.5 in the data. My results reveal …
Persistent link: https://www.econbiz.de/10013292325
Persistent link: https://www.econbiz.de/10003874986
This paper assesses the impact of pegging the CFA franc to the euro - at a fixed parity - on real GDP per capita in the …'s accession to the eurozone. The aim of this paper is to address the lack of relevant literature and empirical results on the … impact of the euro changeover on CFA zone economies, using the GDP per capita indicator. This evaluation is interesting at …
Persistent link: https://www.econbiz.de/10015386676