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The Single Currency's Effects on Eurozone Sectoral Trade: Winners and Losers?

Vicarelli, Claudio; De Santis, Roberta; De Nardis, Sergio - In: Economics - The Open-Access, Open-Assessment E-Journal 2 (2008), pp. 1-34

In this paper we study the effect of the single currency across industries for euro area members. This analysis may help to shed light on the main factors influencing the euro effect on trade flows. We intend to verify whether these factors are specific to individual sectors and/or countries or...

Persistent link: https://www.econbiz.de/10005083003

The currency union effect on trade is decreasing over time

de Sousa, José - In: Economics Letters 117 (2012) 3, pp. 917-920

Estimating a theoretical gravity model over a sixty-year period, from 1948 to 2009, I found an unexpected trend: the currency union impact on trade is decreasing over time. This result suggests that with trade and financial globalization, currency unions become less and less important for...

Persistent link: https://www.econbiz.de/10010594068

On the Role of Conflicting National Interests in the ECB Council

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 1999

This paper studies the strategic interaction of Euroland's national macroeconomic players and the ECB council under two alternative assumptions on central bank behavior: (i) all members of the ECB council are concerned about Euroland's macroeconomic aggregates and (ii) the ECB council is...

Persistent link: https://www.econbiz.de/10005504342

Fiscal and Monetary Policy Under EMU: Credible Inflation Targets or Unpleasant Monetary Arithmetic?

Levine, Paul L; Pearlman, Joseph - C.E.P.R. Discussion Papers - 1992

The paper emphasizes the distinction between the purely fiscal reasons for fiscal policy coordination under EMU (given … substantial in a two-good EMU. …

Persistent link: https://www.econbiz.de/10005497718

One money, one cycle? The EMU experience

Gächter, Martin; Riedl, Aleksandra - In: Journal of Macroeconomics 42 (2014) C, pp. 141-155

among members of Economic and Monetary Union (EMU). Empirical evidence on this relationship is rare so far and suffers from …

Persistent link: https://www.econbiz.de/10011118002

In the neighborhood: The trade effects of the Euro in a spatial framework

Kelejian, Harry; Tavlas, George S.; Petroulas, Pavlos - In: Regional Science and Urban Economics 42 (2012) 1-2, pp. 314-322

significantly reduced and are only “borderline” significant. Also, dummy variables measuring the effects of EU membership on exports …

Persistent link: https://www.econbiz.de/10011052354

Relative Prices and Economic Adjustment in the US and EU: A Real Story About European Monetary Union

Bayoumi, Tamim; Thomas, Alun - C.E.P.R. Discussion Papers - 1994

the European Union (EU) and the United States. Relative price variability appears to be more important for adjustment … within the EU than the United States, reflecting the lower integration of goods and factor markets. In the absence of higher … market integration, the lower relative price variability implied by the introduction of a single currency in the EU could …

Persistent link: https://www.econbiz.de/10005067643

A Monetary Union in Motion: the European Experience

Portes, Richard - C.E.P.R. Discussion Papers - 2001

This Paper begins with a discussion of the relation between economics and politics in the construction of EMU. It … this initiative of the late 1980s both built the foundations for and led the way to EMU. It then considers in more detail … arise from the ‘domino effect’ in regional integration and how those relate to EMU. A discussion of the problems of fiscal …

Persistent link: https://www.econbiz.de/10005656320

Anchor, Float or Abandon Ship: Exchange Rate Regimes for Accession Countries

Buiter, Willem H.; Grafe, Clemens - C.E.P.R. Discussion Papers - 2002

accession and during the period following EU accession but prior to EMU membership. We conclude that from an economic point of … view, EMU membership should be as early as possible, preferably at the same time as EU membership. The prevailing … EMU membership till two years after EU membership. Unrestricted financial capital mobility would be required during this …

Persistent link: https://www.econbiz.de/10005661669

Should We Worry About the Fiscal Numerology of Maastricht?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1992

in Economic and Monetary Union (EMU), net general government borrowing may not exceed 3% of GDP and general government …

Persistent link: https://www.econbiz.de/10005123517