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In the present contribution, we concentrate on the process of financial liberalization in a specific context of European economic and monetary integration. We implement de facto and de jure measures of financial liberalization and find that formal aspects of financial openness generate a...
Persistent link: https://www.econbiz.de/10011374352
perspective of external imbalances. The paper explains what steps and measures made the eurozone recovery possible and why there … and the extension of the Grand Coalition in Germany. The chapter draws conclusions regarding the unifying role of the … states of the EU, France and Germany, and more importantly, by the crisis-time divergence between euro area North and South …
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We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the … World (ROW) to analyze the determinants of Germany's current account surplus after the launch of the Euro. The most …
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Incomplete monetary union and Europe's current crisis -- From order to disorder : how monetary union changed national labor markets -- Monetary regimes, sectoral wage relations and the current account crisis in the EMU south : empirical evidence -- National central banks promoting inflation...
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What explains Eurozone member-states' divergent exposure to Europe's sovereign debt crisis? Deviating from current … Rigidity: Public Sector Employment Reform and Wage Suppression in Germany, the Netherlands, and Italy -- 6. Sheltered Sector …
Persistent link: https://www.econbiz.de/10011684238