Similar Search Results

Inflation rate dispersion and convergence in monetary and economic unions: lessons for the ECB

Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2005

within the European Monetary Union (EMU). In line with findings in the so-called border literature these results suggest that …

Persistent link: https://www.econbiz.de/10010986384

Price stability, inflation convergence and diversity in EMU: Does one size fit all?

Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2005

major EMU countries before and after the introduction of the euro. For both periods, we find strong evidence in favor of … present evidence for the sustainability of the ECBs inflation target of an EMU-wide average inflation rate of less than but …

Persistent link: https://www.econbiz.de/10010986440

The determinants of inflation differentials in the euro area

Moretti, Laura - Center for Financial Studies - 2014

Inflation differentials in the euro area have been persistent since the adoption of the single currency. This paper analyzes the impact of product and labor market regulation on inflation in a sample of 11 countries. The results show that, after the adoption of the euro, product market...

Persistent link: https://www.econbiz.de/10010958496

How wide are European borders? On the integration effects of monetary unions

Weber, Axel A.; Beck, Guenter - Center for Financial Studies - 2003

same country. Under the EMU, the elimination of nominal exchange rate volatility has largely reduced these border effects …

Persistent link: https://www.econbiz.de/10010958499

Financial market integration under EMU

Jappelli, Tullio; Pagano, Marco - Center for Financial Studies - 2008

The single most important policy-induced innovation in the international financial system since the collapse of the Bretton-Woods regime is the institution of the European Monetary Union. This paper provides an account of how the process of financial integration has promoted financial...

Persistent link: https://www.econbiz.de/10010958659

The euro and international capital markets

Detken, Carsten; Hartmann, Philipp - Center for Financial Studies - 2000

-euro area assets/liabilities, before stage 3 of EMU. A number of key factors determining the currency distribution of …

Persistent link: https://www.econbiz.de/10010958704

Why EMU is irrelevant for the German economy

Posen, Adam - Center for Financial Studies - 1998

No one seems to be neutral about the effects of EMU on the German economy. Roughly speaking, there are two camps: those … stability. From a broader macroeconomic perspective, however, it is clear that EMU is unlikely to cause directly any meaningful …

Persistent link: https://www.econbiz.de/10010958722

EMU and capital markets: The institutional framework

Gros, Daniel - Center for Financial Studies - 1998

This paper reviews the factors that will determine the shape of financial markets under EMU. It argues that financial …

Persistent link: https://www.econbiz.de/10010958760

Inflation Rate Dispersion and Convergence in Monetary and Economic Unions: Lessons for the ECB

Beck, Günter W.; Weber, Axel A. - Center for Financial Studies - 2005

within the European Monetary Union (EMU). In line with findings in the so-called ‘border literature’ these results suggest …

Persistent link: https://www.econbiz.de/10005022439

Price Stability, Inflation Convergence and Diversity in EMU: Does One Size Fit All?

Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2005

major EMU countries before and after the introduction of the euro. For both periods, we find strong evidence in favor of … present evidence for the sustainability of the ECB’s inflation target of an EMU-wide average inflation rate of less than but …

Persistent link: https://www.econbiz.de/10005022451