Showing 1 - 10 of 20
Persistent link: https://www.econbiz.de/10009781098
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027
Persistent link: https://www.econbiz.de/10011955671
Die Studie stellt die verbreitete These, die seit 2001 trotz konjunktureller Schwäche anhaltend hohe Inflationsrate im Euroraum sei die Folge struktureller Rigiditäten, in Frage. Anhänger dieser These sehen in Strukturreformen, die diese Rigiditäten beseitigen, die wichtigste Voraussetzung...
Persistent link: https://www.econbiz.de/10003851509
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … of the matter, and they ultimately go back to competitive wage deflation on Germany's part since the late 1990s. Germany …
Persistent link: https://www.econbiz.de/10009533362
Persistent link: https://www.econbiz.de/10009771095
This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a … remains uncertain no matter what European Central Bank President Mario Draghi may promise. Germany's "safe haven" status may … worsen German competitiveness and the German economy would crater as a result. Additional wealth losses on Germany …
Persistent link: https://www.econbiz.de/10009757118
Persistent link: https://www.econbiz.de/10010405268
Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe's common currency … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … that others behave differently cannot be made to work by forcing everyone to behave like Germany. This fundamental …
Persistent link: https://www.econbiz.de/10009732260
This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious … have had even worse results for Germany. Fragility and divergence undermine the euro's longterm survival. -- German …
Persistent link: https://www.econbiz.de/10003229840