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Persistent link: https://www.econbiz.de/10009788857
The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is inherently flawed, and recent reforms have failed to turn this dysfunctional regime into a viable one. Our investigation is informed by the "cartalist" critique of traditional "optimum...
Persistent link: https://www.econbiz.de/10010204687
In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...
Persistent link: https://www.econbiz.de/10009711914
This paper investigates the role of the European Central Bank (ECB) in the (mal-) functioning of Europe's Economic and Monetary Union (EMU), focusing on the German intellectual and historical traditions behind the euro policy regime and its central bank guardian. The analysis contrasts Keynes's...
Persistent link: https://www.econbiz.de/10009667997
meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … EU, most likely under French leadership, will have to convince Germany to embark on a fundamental policy course change …
Persistent link: https://www.econbiz.de/10009757118
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Persistent link: https://www.econbiz.de/10009575314
Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe's common currency, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies to resolve it. While Germany generally prevailed in...
Persistent link: https://www.econbiz.de/10009732260
establishment of a centralized control over monetary policy common to the eleven European Union (EU) countries that decided to …
Persistent link: https://www.econbiz.de/10003205961
Persistent link: https://www.econbiz.de/10003206097