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One Money, One Cycle? The EMU Experience
Gächter, Martin; Riedl, Aleksandra - Oesterreichische Nationalbank - 2013
We examine whether the introduction of the euro had a significantly positive impact on the synchronization of business … policy shocks in the euro area. Empirical evidence on this relationship is rare so far and su ers from methodical weaknesses … constructed on a year-by-year basis (1993{2011), we uncover a strong and robust empirical finding: the adoption of the euro has …
Persistent link: https://www.econbiz.de/10011015322
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Lessons from Italian Monetary Unification
Foreman-Peck, James - Oesterreichische Nationalbank - 2006
This paper examines whether the states brought together in the Italian monetary union of the nineteenth century constituted an optimum monetary area, either before or after unification. Interest rate shocks indicate close relations between states in northern Italy but negative correlations...
Persistent link: https://www.econbiz.de/10005839465
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The euro and economic stability : focus on central, eastern and south-eastern Europe
Nowotny, Ewald (ed.); Mooslechner, Peter (ed.);  … - Oesterreichische Nationalbank - 2010
pt. 1. The stability merits of the euro -- pt. 2. A case for rapid euro adoption? -- pt. 3. The euro area- a shelter …? Euro assets- a safe haven? -- pt. 4. Lessons- from euro area divergences, and from the crisis -- pt. 5. Post …
Persistent link: https://www.econbiz.de/10011852055
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Monetary Union: European Lessons, Latin American Prospects
Hochreiter, Eduard; Schmidt-Hebbel, Klaus; Winckler, Georg - Oesterreichische Nationalbank - 2002
In this paper selective issues of long-run sustainability of monetary unions are analyzed. Using theoretical insights and the experience of EMU up to now we argue that empirical evidence on OCA criteria for EMU suggests that benefits for the countries participating in EMU outweigh costs by a...
Persistent link: https://www.econbiz.de/10005802621
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Wirtschaftliche und politische Neugestaltung Europas : Rückblick und Perspektiven
Kanitz, Alfred (contributor) - 1991
Persistent link: https://www.econbiz.de/10000842794
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Speech of the governor of the OeNB : 'the euro area - an anchor of stability in Europe and the world
Liebscher, Klaus - In: Economic convergence and divergence in Europe : growth …, (pp. 448-453). 2003
Persistent link: https://www.econbiz.de/10001805475
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Neue internationale Arbeitsteilung : die Rolle der Währungspolitik
1994
Persistent link: https://www.econbiz.de/10000906392
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Toward a genuine economic and monetary union, September 10 and 11, 2015
Ritzberger-Grünwald, Doris (ed.); Schuberth, Helene (ed.);  … - Workshop Toward a Genuine Economic and Monetary Union …; … - 2016
Persistent link: https://www.econbiz.de/10011584717
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Regional Currency Arrangements: Insights from Europe
Christl, Josef - Oesterreichische Nationalbank - 2006
This paper focuses on the requirements and features of a successful monetary union on the basis of the optimum currency area theory, the “logical roadmap” for integration as proposed by Balassa as well as the economic and institutional framework of the European Economic and Monetary Union...
Persistent link: https://www.econbiz.de/10005839455