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Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012022690
Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour … additional dividends. The yearly charge counts for at least 4% of their value added. -- Eurozone ; competitiveness ; non …
Persistent link: https://www.econbiz.de/10009715724
This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The …
Persistent link: https://www.econbiz.de/10003035532
rate changes, for a sample of euro area (EA) countries. Our study aims to shed further light on the role of microeconomic … significant since the introduction of the single currency. Our findings suggest instead that the weakness of the euro during the … Eurozone, as the responsiveness of import prices to exchange rate fluctuations tends to decline in a low and more stable …
Persistent link: https://www.econbiz.de/10011613008
This paper provides new survey evidence on firms' inflation expectations in the euro area. Building on the ECB's Survey …
Persistent link: https://www.econbiz.de/10014535260
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
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