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measure alikeness of business cycles by studying the synchronization of up and down phases, the convergence properties of …
Persistent link: https://www.econbiz.de/10015298387
In this paper, we highlight the role of global value chains in the synchronization of economic activity between countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of synchronization of the business cycles of CEE countries and their main...
Persistent link: https://www.econbiz.de/10015302500
This book is a collection of the proceedings of the ECB Legal Conference "From Monetary Union to Banking Union, on the way to Capital Markets Union: new opportunities for European integration", hosted by the European Central Bank on 1 and 2 September 2015. One of the main objectives of this...
Persistent link: https://www.econbiz.de/10015296462
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We extend household-level data from the Household Finance and Consumption Survey using aggregate series and micro-simulations to investigate heterogeneity in the euro area. We quantify shocks to wealth, income and financial pressure faced by various categories of households since the onset of...
Persistent link: https://www.econbiz.de/10015301803
new process of transition and real convergence to the EU. Using a product-level trade flows database and employing linear … real convergence. The paper finds that there exist some common factors driving IIT across the sample, such as the corporate …
Persistent link: https://www.econbiz.de/10015301873
The Euro Plus Pact was approved by 23 EU countries in March 2011 and came into force shortly afterwards. The Pact stipulates a range of quantitative targets meant to strengthen cost competitiveness with the aim of preventing the accumulation of external financial imbalances. This paper uses...
Persistent link: https://www.econbiz.de/10015302360
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the euro, which implies that they must strive to fulfil all the convergence criteria. The seventh Member State, Denmark … Economic and Monetary Union (EMU). This means that Convergence Reports need only be provided for Denmark if it so requests … report, the ECB uses the framework applied in its previous Convergence Reports. It examines, for the six countries concerned …
Persistent link: https://www.econbiz.de/10015323145