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three sections, the first of which surveys the diverse outcomes since the launch of the euro. This illustrates how the … benefits the euro can generate depend on the degree of openness, flexibility and income correlation among euro area countries …
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The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
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The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10009743745
euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …
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