Showing 1 - 10 of 33
Persistent link: https://www.econbiz.de/10011579704
Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers - a … provides evidence that net fiscal transfers have contributed to income redistribution across regions and to faster convergence …
Persistent link: https://www.econbiz.de/10012521156
integration, convergence in the European retail payments market is measured during the period 1995-2011 for the most used retail … estimating convergence are used: sigma convergence and beta convergence. There is some evidence of convergence for all payment … instruments has declined over time in Europe. The pace of convergence has picked up since the introduction of the single currency …
Persistent link: https://www.econbiz.de/10011606299
Euro area countries exhibited modest convergence prior to the financial crisis and diverged thereafter. Such divergence … countries. This might then explain in part the modest convergence and then divergence of euro area countries. …
Persistent link: https://www.econbiz.de/10011606320
This paper first presents a comprehensive analysis of the significance of different transmission channels of the global economic and financial crisis to Sub-Saharan African countries. It then examines the repercussions of the crisis for the growth of gross domestic product (GDP) and its...
Persistent link: https://www.econbiz.de/10011606276
Persistent link: https://www.econbiz.de/10009507534
This paper provides an assessment of Russia’s long-term growth prospects. In particular, it addresses the question of the medium- and long-term sustainability of the country’s currently high growth rates. Starting from the notion that Russia’s fast economic expansion in recent years has...
Persistent link: https://www.econbiz.de/10011606210
World trade contracted sharply in late 2008 and early 2009 following the deepening of the financial crisis in September 2008. This paper discusses the main mechanisms behind the global downturn in trade and its impact on euro area exports and competitiveness. It finds that the euro area was hit...
Persistent link: https://www.econbiz.de/10011606271
This paper analyses real income convergence in central, eastern and south-eastern Europe (CESEE) to the most advanced … income convergence for economic welfare and the importance of convergence for economic and monetary integration with, and … within the European Union. The paper establishes stylised facts of convergence, analyses the drivers of economic growth and …
Persistent link: https://www.econbiz.de/10011972275
reform momentum to enable a sustainable convergence with the EU. …
Persistent link: https://www.econbiz.de/10011661910