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Is the Eurozone not a monetary union, but an extraordinary exchange rate union?

Sauer, Beate; Sell, Friedrich L. - 2013

The Target imbalances within the Eurozone can be interpreted as a sign of a missing balance of payments adjustment … mechanism for the member countries. As the Eurozone lacks a fiscal union, in economic theory it is more an exchange rate union … payments, but only one for the whole Eurozone. This paper will show why the Target System is a crucial indicator for the …

Persistent link: https://www.econbiz.de/10009751600

Rebalancing the Euro Area : the costs of internal devaluation

Stockhammer, Engelbert; Sōtēropulos, Dēmētrēs P. - In: Review of political economy 26 (2014) 2, pp. 210-233

Persistent link: https://www.econbiz.de/10010370894

External imbalances and fiscal fragility in the Euro area

Alessandrini, Pietro; Fratianni, Michele; Hughes … - In: Open economies review 25 (2014) 1, pp. 3-34

Persistent link: https://www.econbiz.de/10010371890

What drives the German current account? : and how does it affect other EU member states?

Kollmann, Robert; Ratto, Marco; Röger, Werner; Veld, … - 2014

Persistent link: https://www.econbiz.de/10010376944

State-of-play in implementing macroeconomic adjustment programmes in the euro area : short version

Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014

makroökonomischen Anpassungsprogramme außerhalb der Eurozone (z.B. Lettland) waren noch viel strikter. Trotzdem erfolgte die Anpassung …

Persistent link: https://www.econbiz.de/10010349252

What drives the German current account? : and how does it affect other EU member states?

Kollmann, Robert; Ratto, Marco; Röger, Werner; Veld, … - 2014

Persistent link: https://www.econbiz.de/10010349464

Are the current account imbalances between EMU countries sustainable? : evidence from parametric and non-parametric tests

Schoder, Christian; Proano, Christian; Semmler, Willi - In: Journal of applied econometrics 28 (2013) 7, pp. 1179-1204

Persistent link: https://www.econbiz.de/10010351593

Coping with imbalances in the euro area : policy alternatives addressing divergences and disparities between member countries

Hein, Eckhard; Detzer, Daniel - 2014

In this paper we outline alternative policy recommendations addressing the problems of differential inflation, divergence in competitiveness, and associated current account imbalances within the euro area. The major purpose of these alternative policy proposals is to generate sustainably high...

Persistent link: https://www.econbiz.de/10010412406

Current account imbalances in the euro area : competitiveness or financial cycle?

Comunale, Mariarosaria; Hessel, Jeroen - 2014

Persistent link: https://www.econbiz.de/10010415446

Intra and offshore trade in the euro zone and trade imbalances

Kim, Jong-Hee; Kim, Joocheol - In: Applied economics letters 21 (2014) 13/15, pp. 1060-1064

Persistent link: https://www.econbiz.de/10010418226