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development, with particular reference to the negative effects of excessive trade deficits and industrial decline in some EU … countries in the period 2000-2010. We compare 5 major EU countries (France, Germany, Italy, Spain and the United Kingdom) with … support. Our suggestion is that EU industrial policy should be more effective in order to improve development and quality of …
Persistent link: https://www.econbiz.de/10009386018
This study examines the nature of interdependence, and return and volatility spillovers, for three Indian exchange rates: US dollar (USD), Euro and British Pound. We use the spillover index methodology of Diebold and Yilmaz (2009) to analyse precisely and independently the returns and volatility...
Persistent link: https://www.econbiz.de/10009352440
international competition from EU, Japan, and later from China and the other emerging economies had played a pivotal role in the …-term harmful effects for the global economy. In addition, the inability of the EU to establish an optimal currency area has …
Persistent link: https://www.econbiz.de/10009352458
of similar reactions following the recent 2007-2010 financial crisis with the post crisis situation of 1973, EU …'s performance looks always unfavourable compared to the one of the US. One of the reasons presented is the EU's four-folded modular …
Persistent link: https://www.econbiz.de/10010691692
In 1991, the European Union undertook to form a full-fledged monetary union. It established the European Monetary Union with a European Central Bank (ECB) at its apex and a mandate to pursue price stability. The European regime differs from the US Federal Reserve System, which must pursue high...
Persistent link: https://www.econbiz.de/10010669628
European monetary history prior to 1950 presents many attempts at international monetary coordination, but none were as bold and as far reaching as the European Monetary Union envisioned in the Delors Report of 1989 and enacted through the 1991 Treaty on the European Union in Maastricht. This...
Persistent link: https://www.econbiz.de/10010669631
The Genetically Modified (GM) food and crops issue illustrates some key contemporary differences between the EU and the … environmentalists since 1990 on a range of issues in the EU, compared to the USA. Beck's 'Risk Society' theory has general resonance … representative of his 'analysis' of archetypal 'reflexive modernisation', while EU policies (on GM food at least) represent more self …
Persistent link: https://www.econbiz.de/10010669771