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Euro Crisis : From the Sovereigns to the Banks and Back to the Sovereigns

Gurdgiev, Constantin - 2011

the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro … crisis, the insolvency of the Euro area member-states model of debt financing of public and private expenditure and … investment. Hence, any repair of the system will require addressing the twin malaises of the Euro area model of economic …

Persistent link: https://www.econbiz.de/10013122727

Euro Crisis : Implications for Banking Sector

Swamy, Vighneswara - 2013

The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators …

Persistent link: https://www.econbiz.de/10013082025

Chapter 10. External Adjustment, Global Imbalances, Valuation Effects

Gourinchas, Pierre-Olivier; Rey, Hélène - In: Handbook of international economics : Volume 4, (pp. 585-645). 2014

We provide an overview of the recent developments of the literature on the determinants of long-term capital flows, global imbalances, and valuation effects. We present the main stylized facts of the new international financial landscape in which external balance sheets of countries have grown...

Persistent link: https://www.econbiz.de/10014025376

Global trade flows : revisiting the exchange rate elasticities

Bussière, Matthieu; Gaulier, Guillaume; Steingress, Walter - 2017

This paper contributes to the debate on the magnitude of exchange rate elasticities by providing a set of price and quantity elasticities for 51 advanced and emerging-market economies. Specifically, for each of these countries we report the elasticity of trade prices and trade quantities on both...

Persistent link: https://www.econbiz.de/10011777959

Will the Emergence of the Euro Affect World Commodity Prices?

Cuddington, John T. - 2006

This study provides evidence that episodes of internal stability of exchange rates among the 11 Euro countries during … Euro on January 1, 1999, should be expected to contribute to reduced volatility of world commodity prices, other things …

Persistent link: https://www.econbiz.de/10012782497

The Euro and the Volatility of Exchange Rates

Morales Zumaquero, Amalia - 2010

This paper attempts to determine whether or not the introduction of the euro affected the volatility of bilateral …

Persistent link: https://www.econbiz.de/10013141096

Increasing the international role of the euro : a long way to go

Dąbrowski, Marek - 2020

The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …

Persistent link: https://www.econbiz.de/10012265943

Financial Institutions, Financial Contagion, and Financial Crises

Huang, Haizhou; Xu, Chenggang - 1999

This paper endogenizes financial contagion and financial crises from financial institutions. We show that financial crises can emanate from financial institutions which generate soft-budget constraints (SBC). The prevailing SBC in an economy distort information such that the interbank lending...

Persistent link: https://www.econbiz.de/10014043359

The International Role of the Euro

Hartmann, Philipp; Issing, Otmar - 2002

This paper discusses the factors determining the international use of the euro, the relation of it with the ECB … monetary policy and the overall use of the euro in the international monetary system since its introduction. The euro has …

Persistent link: https://www.econbiz.de/10014114307

The International Role of the Euro

Hartmann, Philipp; Issing, Otmar - 2002

Persistent link: https://www.econbiz.de/10014115795