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Testing the shape of EMU term structure of interest rates

Ruiz-Dotras, Elisabet; Bolance-Losilla, Catalina; … - In: International Journal of Financial Markets and Derivatives 1 (2010) 4, pp. 422-437

The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the convergence of the interest rates with the full term...

Persistent link: https://www.econbiz.de/10008755247

Repairing the original sin of the European Monetary Union

Rossi, Sergio; Dafflon, Bernard - In: International Journal of Monetary Economics and Finance 5 (2012) 2, pp. 102-123

This study shows that the origins of the sovereign debt crisis within the euro area are to be found within the private sector and in economic policy mistakes rather than only in the profligacy of some national governments in the Southern periphery of Euroland. Sovereign debtors and their private...

Persistent link: https://www.econbiz.de/10010669710

ROMANIA: CLIMBING THE LADDER FOR A BETTER FUTURE. WHEN WILL IT REACH EU AND EURO AREA?

Tatomir, Cristina; Alexe, Ileana - In: Annals - Economy Series 4 (2011) December, pp. 192-196

In this paper we assess the evolution of Romania’s economic convergence with the European Union (EU) and Euro area …, during the period 2000-2010. In order to determine the number of years required to reach the EU and Euro area average, we … been climbing the ladder in the process of catching-up with the EU and the Euro area until 2008 when, because of the …

Persistent link: https://www.econbiz.de/10010540401