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Heinemann, Friedrich; Hagen, Tobias; Mohl, Philipp; … - 2010 - 1. Aufl.

Verl.Beschr. (auch Zentralabitur-Thema 2012): Die Kohäsionspolitik wird wie alle anderen Ausgaben des EU …-Haushalts zusammen mit der Einnahmeseite in die gegenwärtige umfassende Generalüberprüfung des EU-Finanzsystems einbezogen. Die Studie …

Persistent link: https://www.econbiz.de/10003906599

Stimmt die "Rechnung für Maastricht"? : Eine Analyse des Delors-II-Pakets

Heinemann, Friedrich - 1993

Persistent link: https://www.econbiz.de/10001314084

Self-Fulfilling Crises in the Eurozone : An Empirical Test

De Grauwe, Paul - 2013

We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self-fulfilling liquidity crises than in stand-alone countries. We find evidence that a significant part of the surge in the spreads of the PIGS countries in the Eurozone during...

Persistent link: https://www.econbiz.de/10013090949

The European Central Bank : Lender of Last Resort in the Government Bond Markets?

De Grauwe, Paul - 2013

The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are also responsible for financial stability. An essential tool in maintaining financial stability is provided by the capacity of the central bank to be the lender of last resort in...

Persistent link: https://www.econbiz.de/10013092424

A Fragile Eurozone in Search of a Better Governance

De Grauwe, Paul - 2013

When entering a monetary union, member-countries change the nature of their sovereign debt in a fundamental way (e.g., they cease to have control over the currency in which their debt is issued). As a result, financial markets can force these countries' sovereigns into default. In this sense,...

Persistent link: https://www.econbiz.de/10013092900

The Fragility of Two Monetary Regimes : The European Monetary System and the Eurozone

Ji, Yuemei - 2013

We analyze the similarities and the differences in the fragility of the European Monetary system (EMS) and the Eurozone. We test the hypothesis that in the EMS the fragility arose from the absence of a credible lender of last resort in the foreign exchange markets while in the Eurozone it was...

Persistent link: https://www.econbiz.de/10013072510

Fiscal Rules, Financial Stability and Optimal Currency Areas

De Grauwe, Paul - 2015

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...

Persistent link: https://www.econbiz.de/10013020581

Die Zukunft der EU-Strukturpolitik

Heinemann, Friedrich (contributor) - 2009 - 1. Aufl. 2010

Abstract: Die Kohäsionspolitik wird wie alle anderen Ausgaben des EU-Haushalts zusammen mit der Einnahmeseite in die … gegenwärtige umfassende Generalüberprüfung des EU-Finanzsystems einbezogen. Die Studie will zu dieser Überprüfung durch Behandlung …Die Kohäsionspolitik wird wie alle anderen Ausgaben des EU-Haushalts zusammen mit der Einnahmeseite in die gegenwärtige …

Persistent link: https://www.econbiz.de/10011674653

Reconciling Insurance with Market Discipline : A Blueprint for a European Fiscal Union

Dolls, Mathias - 2016

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Persistent link: https://www.econbiz.de/10012996428

Has the Eurozone Become Less Fragile? Some Empirical Tests

De Grauwe, Paul - 2015

In this paper we provide empirical evidence documenting the nature of the Eurozone's fragility. We find that during periods of turmoil, financial markets have tended to impose strong programs of austerity on member countries of the Eurozone. This confirms the evidence we found in a previous...

Persistent link: https://www.econbiz.de/10013029461