Since the introduction of the euro in January 1999, exchange rate stability in the periphery of the euro area is …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …

euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels … of euro area central banks are identified. It is found that differing fiscal policy stances which have interacted … the euro area. Since the European financial and debt crisis, public financing mechanisms and the unconventional monetary …

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide … a measure on the impact of financial market integration. The specifications point to some impact of liquidity shocks on …

Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …

Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …

account deficits of countries stabilizing their exchange rate against the euro (euro periphery). Meanwhile, the aggregate … current account balance of the euro area has been by and large balanced. The paper finds that changes of world current account … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created. - Global …

In the past decade, a set of euro area countries has accumulated large current account deficits. After a brief … relaxation of the euro area internal imbalances in the wake of the financial crisis, it appears as if this pattern arises anew … readjustment of intra-euro area current account balances. A panel regression reveals a significant impact of structural reforms on …

euro area. Second, it discusses the options for a coordination of the supranational monetary policy with national fiscal …