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Das Handbuch zur deutschen Europapolitik erscheint in Zeiten multipler Krisen und wachsender Skepsis gegenüber der engen Verflechtung Deutschlands mit dem EU-System. Es zeigt, dass europäische Politik von besonderem Wert und Nutzen für die politische und ökonomische Wirklichkeit Deutschlands...
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Discussions of the economic costs and benefits of EMU usually take as their basis the optimum currency area (OCA) approach. This approach starts from the premise that when an external shock hits the economy, it is easier to adjust the exchange rate than domestic prices or wages. Most economists...
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According to the traditional 'optimum currency area' approach, the case for adopting a common currency is stronger if the countries are subject to relatively similar output shocks. This Paper takes a different approach and highlights the fact that high exchange rate volatility may as well signal...
Persistent link: https://www.econbiz.de/10005136717