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Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union

Schnabl, Gunther; Zemanek, Holger - 2010

In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …

Persistent link: https://www.econbiz.de/10008798227

Monetary policies of large industrialised countries, emerging market credit cycles and feedback effects

Andreas, Hoffmann; Schnabl, Gunther - 2014

This paper explores the link between monetary policies of large industrial countries and international credit cycles. Based on an overinvestment framework, we show that in the prevailing asymmetric world monetary system, monetary policies of large centre countries can fuel credit booms in...

Persistent link: https://www.econbiz.de/10010337620

Monetary policies of industrial countries, emerging market credit cycles and feedback effects

Hoffmann, Andreas; Schnabl, Gunther - In: Journal of policy modeling : JPMOD ; a social science … 38 (2016) 5, pp. 855-873

Persistent link: https://www.econbiz.de/10011671704

The benefits of reducing hold-out risk : evidence from the Euro CAC experiment, 2013-2018

Picarelli, Mattia; Erce, Aitor; Jiang, Xu - 2018

Persistent link: https://www.econbiz.de/10011948231

Synchronized Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate

McKinnon, Ronald - 2007

Because many authors have proposed stimulating the ailing Japanese economy by monetary expansion and yen depreciation, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely peg to the dollar. Since 1980, economic integration...

Persistent link: https://www.econbiz.de/10012729281