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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

Contagion and spillovers : new insights from the crisis : a joint publication with the Austrian Society for Bank Research

Backé, Peter (ed.); Gnan, Ernest (ed.); … - Contagion and Spillovers – New Insights from the …; … - 2010

problems were threatening to spread to other countries within the euro area, with potential negative repercussions for the euro …

Persistent link: https://www.econbiz.de/10011706561

Contagion and spillovers : new insights from the crisis

Backé, Peter (contributor); Nowotny, Ewald (contributor) - 2010

Persistent link: https://www.econbiz.de/10008859808

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

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

Does Central Bank Intervention Influence the Probability of a Speculative Attack? Evidence from the EMS

Stix, Helmut - Oesterreichische Nationalbank - 2002

This paper studies the effects of central bank intervention during the 1992- 1993 EMS crises on the D-mark/peseta and D-mark/French franc exchange rate. In particular, it is analyzed how interventions affected the probability of a speculative attack and market participants’ expectations about...

Persistent link: https://www.econbiz.de/10005839461

Beyond Bipolar: A Three-Dimensional Assessment of Monetary Frameworks

Kuttner, Kenneth N. - Oesterreichische Nationalbank - 2001

A great deal of attention has been focused recently on the impact of exchange rate regimes, just as previous empirical research examined central bank autonomy and announced targets for domestic monetary policy. To date, however, these three elements of monetary frameworks have been assessed in...

Persistent link: https://www.econbiz.de/10005839463

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

Why did Central Banks Intervenein the EMS? The Post 1993 Experience

Brandner, Peter; Grech, Harald - Oesterreichische Nationalbank - 2002

In this paper, we present stylized facts of exchange rate and intervention behavior in the Exchange Rate Mechanism I (ERM I), in particular in light of the recent literature on multilateral target zone models. We estimate bilateral exchange rate distributions of the maximum spot rate deviations...

Persistent link: https://www.econbiz.de/10005839478

Central European EU Accession and Latin American Integration: Mutual Lessons in Macro-Economic Policy Design

Kopits, George - Oesterreichische Nationalbank - 2002

Design options in exchange rate, monetary and fiscal policies, are explored for economies in Central Europe and Latin America that aspire to engage in monetary unification. Recent experience in these regions suggests that, absent a model of institutional harmonization and a road map for policy...

Persistent link: https://www.econbiz.de/10005839485