Narrow search
Showing 1 - 10 of 22,449
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Is a Two-speed System in Europe the Answer to the Conflict between the German and the Anglo-Saxon Models of Monetary Control?
Demertzis, Maria; Hughes Hallett, Andrew - C.E.P.R. Discussion Papers - 1996
The Treaty of Maastricht requires that by 1 January 1999, at the latest, there shall be a nucleus of a monetary union. The issue of monetary union must therefore rest on the presumption that a small ‘credible’ group of countries that fulfils the convergence criteria will be able to adopt a...
Persistent link: https://www.econbiz.de/10005124078
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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