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of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …
Persistent link: https://www.econbiz.de/10010255127
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10011308548
divergent-business cycles that this literature overlooks. We thus test directly for the impact of the Euro on business cycle … synchronization using two variants of Markov Switching models. Examining four small Euro zone countries, our results indicate there …, actually divergence. In contrast, when investigating three non-Euro zone countries, there is no significant loss of …
Persistent link: https://www.econbiz.de/10013117581
The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is … the euro are assessed and found lacking. A "Euro Treasury" scheme operating on a strict rule and specifically designed not … to be a transfer union is proposed here as a condition sine qua non for healing the euro's potentially fatal birth …
Persistent link: https://www.econbiz.de/10010204687
Persistent link: https://www.econbiz.de/10010221153
EMU has spurred an interest on the effects of monetary unions on regional economic integration. This paper investigates the link between intra-European trade growth and the institutional process of regional integration, of which monetary integration was one step. Special attention is paid to the...
Persistent link: https://www.econbiz.de/10005406504
As the euro is on its second decade, the European sovereign debt crisis and the ever more evident disparities in … a descriptive analysis of the first twelve euro countries under six criteria, leading to a mixed conclusion on whether …
Persistent link: https://www.econbiz.de/10011134510
This paper examines the viability of regional monetary integration in East Asia by focusing on the symmetry of shocks, which is one of the preconditions for forming an optimum currency area (OCA). We extend the conventional 2-variable structural VAR model by incorporating foreign (namely, US)...
Persistent link: https://www.econbiz.de/10009642861
The paper attempts to evaluate the prospect of creating a currency union in the "Greater China" economic area including Mainland China, Hong Kong and Taiwan. Despite of the political deadlock and military confrontation in the Taiwan Strait, the Greater China area has experienced rapid and...
Persistent link: https://www.econbiz.de/10009642895
As the euro is on its second decade, the European sovereign debt crisis and the ever more evident disparities in … start by a descriptive analysis of the first twelve euro countries under six criteria between 1999 and 2009. We detect signs … of the euro area. …
Persistent link: https://www.econbiz.de/10009358169