Showing 1 - 10 of 12
role in the monetary policy decision process in the second or third stage of the EMU. To do this the authors employ an …
Persistent link: https://www.econbiz.de/10011159070
to the third stage of the Economic and Monetary Union (EMU). The aim of this work is to provide a possible interpretation … of the EMU debt criterion. The author investigates the government debt criterion which, as Article 104c(2b) of the Treaty … work has been done to develop a clear interpretation of the EMU debt criterion. A flexible approach is adopted in which …
Persistent link: https://www.econbiz.de/10010762453
Using area-wide data, we simulate the responses of inflation and real output following monetary shocks in the EMU. We …
Persistent link: https://www.econbiz.de/10010854301
monetary union (EMU). Two major causes have been identified for one crisis in the EMS in September 1992 and its subsequent …
Persistent link: https://www.econbiz.de/10010854312
This paper examines the intentions and outturns of central bank policies in Europefrom the collapse of the Bretton Woods system of fixed exchange rates until the start ofEMU in 1999. It focuses on the lessons that can be drawn from the three dominant policy strategies of money targeting,...
Persistent link: https://www.econbiz.de/10010854332
This study aims at assessing empirically the determinants of changes in risk-weighted bank capital ratios in the 1990s in Germany, France, Italy, the Netherlands, the UK and the US. Both bank-specific characteristics, factors at the banking industry level and the degree of undercapitalization...
Persistent link: https://www.econbiz.de/10010854344
focusses on Belgian and Italian attitudes towards European integration and EMU, exchange rate policies, key concepts of the EMU …
Persistent link: https://www.econbiz.de/10010752467
accession and following EU accession but prior to EMU membership. We conclude that, from an economic point of view, EMU … exchange rate criteria for EMU membership could lead to unnecessary delays in EMU membership for the accession countries …. Theexchange rate criterion for EMU membership requires that the candidate "has respected the normal fluctuation margins provided …
Persistent link: https://www.econbiz.de/10010752468
(EMU), the first step sees development of a Post-Keynesian competitive claims model of inflation with endogenous money. In … the EMU, different scenarios determined by wage bargainingcoordination and the European Central Bank's (ECB) monetary … policies are developed. It is shown that the first phase of the EMU was dominated by uncoordinated wage bargaining across the …
Persistent link: https://www.econbiz.de/10010752493
The problems regarding Italy's proposed adherence to the European Economic and Monetary Union are discussed, particularly, the procedures in determining the public budget and their possible changes. Transparency in the budget process is needed to be able to do this task. The implications of the...
Persistent link: https://www.econbiz.de/10010765229