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The three-month Eurepo interest rate, the euro component of the SDR interest rate basket, will be discontinued as of … representative interest rate instrument of the euro area in the SDR interest rate basket since 2006. However, faced with a … secondary market yield curve covering euro area government bonds rated either investment grade or AA and above. In staff's view …
Persistent link: https://www.econbiz.de/10014410559
This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …
Persistent link: https://www.econbiz.de/10014401399
facilitating the resolution of global imbalances while sustaining robust global growth. China, the euro area, Japan, Saudi Arabia …
Persistent link: https://www.econbiz.de/10014409833
some time with regional institutions in the euro area, the Central African Economic and Monetary Union (CEMAC), the Eastern … responsible for euro area policies have these discussions been formalized as constituting an integral part of the Fund …
Persistent link: https://www.econbiz.de/10014409950
This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are …
Persistent link: https://www.econbiz.de/10014405842
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules...
Persistent link: https://www.econbiz.de/10014400852
This paper examines the monetary and exchange rate policies of the euro area and the trade policies of the European … Union. The paper highlights that the overall economic performance of the euro area has been disappointing: growth has been …
Persistent link: https://www.econbiz.de/10014406355
will reduce uncertainty. A long-lasting configuration of the euro-area’s fiscal architecture can be achieved by tightly …
Persistent link: https://www.econbiz.de/10014403552
deficit and high debt euro area countries, and has forced governments to assume additional risk …This paper documents and analyzes crisis-related changes in government debt issuance practices in the 16 euro zone …
Persistent link: https://www.econbiz.de/10014403688
The paper argues that international differences in fiscal conditions influence the relative attractiveness of locating production facilities in different countries and could prove to be a troublesome source of instability for the European economies. Even though physical capital movements tend to...
Persistent link: https://www.econbiz.de/10014396443