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Cross-country insurance mechanisms in currency unions

Beers, Nancy van; Bijlsma, Michiel J.; Zwart, Gijsbert T. J. - 2014

Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union a number of relevant mechanisms suggested by Mundell’s optimal currency area theory, and compare them to the United States. For this purpose, we...

Persistent link: https://www.econbiz.de/10010354695

Regional currency arrangements : insights from Europe

Christl, Josef - 2006

Persistent link: https://www.econbiz.de/10003340416

The relative importance of symmetric and asymmetric shocks : the case of United Kingdom and euro area

Peersman, Gert - 2007

Persistent link: https://www.econbiz.de/10003511397

Regional and global financial safety nets : the recent European experience and its implications for regional cooperation in Asia

Darvas, Zsolt M. - 2017

This paper compares financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007/08 global financial and economic crisis-which were supported...

Persistent link: https://www.econbiz.de/10011715721

The Euro Crisis and Economic Growth : A Novel Counterfactual Approach

Terzi, Alessio - 2019

warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …

Persistent link: https://www.econbiz.de/10012866042