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The Theory of Endogenous Optimum Currency Areas: A Critical Note - La teoria delle aree monetarie ottimali endogene: una nota critica

Praussello, Franco - In: Economia Internazionale / International Economics 65 (2012) 1, pp. 83-95

The paper critically considers the endogenous Optimum Currency Areas (or e-OCAs) theory, focussing initially on early studies having identified a relevant link between the creation of a monetary union and an upgrading of trade intensity between member countries, on the one hand, and the increase...

Persistent link: https://www.econbiz.de/10010991484

Alternative Approaches to Evaluate Exchange Rate Credibility: A Selective Survey of the Literature and Some Policy Implications for the European Monetary

Tronzano, Tronzano , Marco - In: Economia Internazionale / International Economics 54 (2001) 1, pp. 57-88

for the future of EMU. As regards the former aspect, the paper stresses that, differently from a widespread view in the …, in the years ahead, to enhance EMU credibility and long run viability. …

Persistent link: https://www.econbiz.de/10008459613

Assessing the Impact of Enlargement on the Eurozone

Praussello, Franco - In: Economia Internazionale / International Economics 57 (2004) 1, pp. 11-39

The increased heterogeneity of the European market after the prospective joining of the acceding countries to EMU could … will decrease, implying a more difficult stabilisation task for the governance authorities of EMU. Yet all this does not … necessarily imply a possible disruption of EMU. In the paper two exercises are presented for assessing the impact of enlargement …

Persistent link: https://www.econbiz.de/10008490675

La sostenibilità dell’UEM, il completamento dell’unione economica e i rapporti con l’unione politica - EMU Sustainability, Economic Union Completion and Links with the Political Un...

Praussello, Franco - In: Economia Internazionale / International Economics 61 (2008) 2-3, pp. 481-505

This paper studies the relationship between EMU sustainability and the European Political Union. Following De Grauwe … setting up of EMU could produce shocks putting at risk the latter’s survival. Long term sustainability of EMU requires a full …

Persistent link: https://www.econbiz.de/10005005760

Do Strict Environmental Regulations in the OECD Discourage Foreign Firms? - Le imprese straniere sono scoraggiate dal rigore della legislazione ambientale nei paesi OCSE?

Fikru, Mahelet G - In: Economia Internazionale / International Economics 65 (2012) 3, pp. 405-413

The study forms a relationship between the perceived stringency of environmental policy and the location decision of firms. We use data from 3,785 firms operating in 7 OECD countries to show that strict environmental regulation in the OECD may not necessarily discourage foreign firms. Rather,...

Persistent link: https://www.econbiz.de/10010991464

Foreign Investment, Growth and External Adjustment

Makin, Anthony - In: Economia Internazionale / International Economics 51 (1998) 2, pp. 229-238

This paper identifies foreign investment, broadly defined, as an additional source of income growth for open trading economies under conditions where physical capital is free to cross country borders. By extending the precepts of neoclassical theory, it shows how current account imbalances...

Persistent link: https://www.econbiz.de/10008506739

Inflation Impact of the Price of Imported Crude Oil in a Large

Cebula, Cebula , Richard J.; Renas, Stephen M. - In: Economia Internazionale / International Economics 56 (2003) 3, pp. 315-322

This study empirically investigates whether the assumption of the monetary authority in Japan that rising prices on imported crude oil lead to domestic inflation in Japan has validity. In a model where real GDP growth, money stock growth, and the relative dependence on imported oil are allowed...

Persistent link: https://www.econbiz.de/10008512540

Empirical Evidence on the Impact of Crude Oil Prices on Domestic Inflation: The Case of Ecuador, 1950-1995

Cebula, Richard J.; Carrillo, Santiago A. - In: Economia Internazionale / International Economics 57 (2004) 3, pp. 265-274

In this study, heteroskedasticity-corrected two stage least squares estimation is used to identify determinants of the inflation rate in Ecuador over the 1950-1995 period. During this time frame, Ecuador made the transition from an oil-importing nation to a net oil-exporting nation. Accordingly,...

Persistent link: https://www.econbiz.de/10008490690

Globalization, Inequality, and Income: Recent Cross-Country Evidence

Ram, Ram , Rati - In: Economia Internazionale / International Economics 56 (2003) 4, pp. 469-478

Using a recently-constructed globalization index and standard data on inequality and per-capita income for a sizable cross-country sample, it is noted that increased globalization of a country is associated with higher intracontry income inequality and lower per-capita income.

Persistent link: https://www.econbiz.de/10008490693

Perceived Financial Risk and the Economic Growth of sub-Saharan African Countries - Rischio finanziario percepito e divergenza nella crescita economica dei paesi dell’Africa sub-sa...

Fayissa, Bichaka; Nsiah, Christian; Joshi, Prathibha V. - In: Economia Internazionale / International Economics 63 (2010) 2, pp. 179-192

Since the 1970’s, countries of the sub-Saharan African region have experienced slow economic growth and development in comparison to other regions of the world. This paper studies the role of perceived financial risk in explaining the anemic economic growth among sub-Saharan African countries...

Persistent link: https://www.econbiz.de/10008493744