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applies a parametric difference-in-differences approach to assess the real effects of the introduction of the euro on … the initial problems were overcome within one year of the introduction of euro cash. …
Persistent link: https://www.econbiz.de/10003522939
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …
Persistent link: https://www.econbiz.de/10011308548
-S type of regression for each regime. Our results show that, for countries which pegged to or adopted the euro, the effect of … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …
Persistent link: https://www.econbiz.de/10010191206
that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …
Persistent link: https://www.econbiz.de/10012291227
banks earnings reports and of the Eurozone sovereign debt crisis on major newspapers from several European countries. We …. Regarding the Eurozone crisis we find that newspapers connected to banks more exposed to stressed sovereign bonds are more …
Persistent link: https://www.econbiz.de/10013173241
the divergence between periphery and core countries in the euro area. Using a common EU standard reveals more progress in …
Persistent link: https://www.econbiz.de/10012015871
This paper presents an empirical assessment of the endogenous optimum currency area theory. Frankel and Rose (1998) study the endogeneity of a currency union through the lens of international trade flows. Our study extends Frankel and Rose's model by using FDI flows to test the original theory...
Persistent link: https://www.econbiz.de/10003760087
"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary … policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we … are now appearing within the Euro area which threaten its long-term cohesiveness. The most manifest example of this threat …
Persistent link: https://www.econbiz.de/10003429626
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …
Persistent link: https://www.econbiz.de/10003961662
representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the … that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone. -- European income tax …
Persistent link: https://www.econbiz.de/10009545267