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, but also outside, the euro area. Despite less asymmetry in shock asymmetry since 1999, new statistical tests support the …
Persistent link: https://www.econbiz.de/10010821176
sample period is split in two: before and after the MFI implemented France's regulatory EUR 10,000 loan ceiling. In the first …
Persistent link: https://www.econbiz.de/10010933836
La zone Euro est aujourd'hui clairement en crise. Cependant, la crise de liquidité qu'elle subit actuellement, pour … concluons que c'est un projet mort-né. Ceci ne laisse à la Zone Euro que des politiques de déflation salariale qui ne sont en …. Dans cette situation, la seule option raisonnable reste le démontage coordonné de la zone Euro. …
Persistent link: https://www.econbiz.de/10010553380
their volatility on trade flows in China, the Euro area and the United States in two broadly defined sectors, agriculture on …
Persistent link: https://www.econbiz.de/10010899210
Alors qu'il n'est plus inconvenant d'imaginer une sortie de la Grèce, voire d'autres pays, de la Zone euro, on ne peut …
Persistent link: https://www.econbiz.de/10010899617
the euro-dollar exchange rate, within a threecountry, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stockflow framework, we show that the …
Persistent link: https://www.econbiz.de/10011026164
the euro-dollar exchange rate, within a threecountry, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stockflow framework, we show that the …
Persistent link: https://www.econbiz.de/10010775792
The recent sovereign debt crisis in Europe, now a Eurozone crisis, has prompted a growing awareness of the disparities in the economic conditions and competitive positions of Eurozone countries. Such disparities are reflected in the accumulation of imbalances to the disadvantage of countries in...
Persistent link: https://www.econbiz.de/10010711789
This paper explores the impact of Europe's existing institutional framework on the degree of macroeconomic disparity in the Eurozone. It draws son analysis of the costs of this framework as well as of the benefits of European economic and monetary unification. It also highlights how these costs...
Persistent link: https://www.econbiz.de/10010820641
Para superar la crisis, los Estados miembros de la zona euro se han embarcado en el camino de la austeridad fiscal y la … deudas públicas continúan en aumento, la zona euro está en recesión, el aumento del desempleo masivo aumenta la pobreza y la … estructurales e institucionales del euro. Sino al contrario, las acentúan. En este contexto de moneda incompleta, mostramos que hay …
Persistent link: https://www.econbiz.de/10010820679