The adoption of quantitative easing (QE) policy by the United States (US) Federal Reserve Bank since early 2009 has …

This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their … significantly endogenous. At the same time, to assess the relative dominance of Germany, the features against Germany are compared … remarkable convergence with Germany and across the states but also relative convergence with US. On economic erformance, results …

This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its … Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is … countries of the Euro Area. The second main part of the paper assesses which other tools the ECB could use in order to stimulate …

This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its … Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is … countries of the Euro Area. The second main part of the paper assesses which other tools the ECB could use in order to stimulate …

analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created … Germany as center countries with rising/high current account deficits (US) and surpluses (Germany). These are matched by … account deficits of countries stabilizing their exchange rate against the euro (euro periphery). Meanwhile, the aggregate …

analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created. - Global … Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by … account deficits of countries stabilizing their exchange rate against the euro (euro periphery). Meanwhile, the aggregate …

locational bank statistics data from the Bank for International Settlements to examine whether quantitative easing has caused an …

locational bank statistics data from the Bank for International Settlements to examine whether quantitative easing has caused an …

This paper analyses the incidence and severity of sudden stops in euro area countries before and after the introduction … stops, we document that sudden stops were overall more frequent and more severe in euro area countries compared to other … euro area countries to severe sudden stops mainly reflects domestic fundamentals whereas there is no clear evidence of an …