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"ECB Worries/European Woes: The Economic Consequences of Parochial Policy"

Barbera, Robert J.; Holtham, Gerald - Levy Economics Institute - 2012

Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...

Persistent link: https://www.econbiz.de/10011141203

Regional Monetary Units for East Asia: Lessons from Europe

Eric, Girardin; Alfred, Steinherr - eSocialSciences - 2009

This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a reference unit and later became the anchor of the European Monetary System. Public policy was complemented by private sector initiatives and use of the ECU for denomination of...

Persistent link: https://www.econbiz.de/10004972719

Challenges and Opportunities in a Trillion Dollar Economy

C, Chakrabarty K - eSocialSciences - 2011

The Indian economy reached the trillion US dollar GDP milestone in 2007 and joined other countries of the trillion dollar club, namely, the US, UK, Japan, Germany, China, France, Italy, Spain, Canada, Brazil and Russia. In fact, over the period 1960 to the late 1980s, Indiaâ€™s GDP in US...

Persistent link: https://www.econbiz.de/10009321469

Oil prices, exchange rates and asset prices

Fratzscher, Marcel; Schneider, Daniel; Van Robays, Ine - European Central Bank - 2014

This paper takes a financial market perspective in examining the relationship between oil prices, the US dollar and asset prices, and it exploits the heteroskedasticity for the identification of causality in a multifactor model. It finds a bidirectional causality between the US dollar and oil...

Persistent link: https://www.econbiz.de/10011067221

"The Euro Debt Crisis and Germany's Euro Trilemma"

Bibow, Jorg - Levy Economics Institute - 2012

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … austerity have made the situation worse by adding a growth crisis to the potpourri of internal stresses that threaten the euro …

Persistent link: https://www.econbiz.de/10010548312

The mutating euro area crisis: is the balance between "sceptics" and "advocates" shifting?

Mongelli, Francesco Paolo - European Central Bank - 2013

The destructive potential of the sovereign debt crisis of the euro area has been slowly abating since last summer, but … euro area, and the other being an erosion of trust in the viability of the euro area itself. Such concerns have led to talk … the crisis or the future of the euro area. While the crisis is a traumatic wake-up call, it is also a catalyst for change …

Persistent link: https://www.econbiz.de/10010693504

"When Good Intentions Pave the Road to Hell: Monetization Fears and Europe's Narrowing Options"

Terzi, Andrea - Levy Economics Institute - 2014

With the creation of the Economic and Monetary Union and the euro, the national government debt of eurozone member …

Persistent link: https://www.econbiz.de/10010786627

"The Euro and Its Guardian of Stability--The Fiction and Reality of the 10th Anniversary Blast"

Bibow, Jorg - Levy Economics Institute - 2009

inherited from Germany's mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also …

Persistent link: https://www.econbiz.de/10008509462

Health Damage Cost of Automotive Air Pollution: Cost Benefit Analysis of Fuel Quality Upgradation for Indian Cities

Sengupta, Ramprasad; Mandal, Subrata - eSocialSciences - 2009

conform to the Euro norms. It has used the results of some US based study and has applied the transfer of benefit method from …

Persistent link: https://www.econbiz.de/10005528159

Recent Financial Market Developments and Implications for Monetary Policy

Mohan, Rakesh - eSocialSciences - 2007

The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and characterized the recent spate of events, the specific responses of central banks and some challenges...

Persistent link: https://www.econbiz.de/10005528200