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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

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

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

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 Exchange Rate Regimes Matter for Economic Growth? - I regimi dei tassi di cambio influenzano la crescita economica?

Ghosh, Amit - In: Economia Internazionale / International Economics 67 (2014) 3, pp. 351-372

The implications of exchange rate regimes on economic growth have received renewed attention in the aftermath of the recent global financial crisis. Creating both bivariate and tripartite regime classifications the present study examines their impact on growth for 156 nations spanning the period...

Persistent link: https://www.econbiz.de/10010991466

Small Lessons from the Recent Euro- Dollar Skirmishes - Le piccole lezioni tratte dalle recenti schermaglie tra euro e dollaro

Martellato, Dino Martellato, Sr. - In: Economia Internazionale / International Economics 65 (2012) 4, pp. 553-580

In this paper we investigate the skirmishes that the US dollar and the euro had from 2007 to 2011 and, in particular … financial centres. - In questo lavoro si tratta delle schermaglie che il dollaro statunitense e l’euro hanno ingaggiato dal 2007 … cambio euro/dollaro attraverso gli spread nei tassi interbancari LIBOR. Vi è una sorta di ciclo negli spread sui LIBOR e …

Persistent link: https://www.econbiz.de/10010991507

Exchange Rate Commitments and Forward Rate Unbiasedness. Further Evidence from EMS Data

Tronzano, Tronzano , Marco - In: Economia Internazionale / International Economics 56 (2003) 1, pp. 83-118

This paper addresses an interesting theoretical intuition, originally put forward in De Grauwe (1989), according to which market efficiency should find stronger support in a pegged exchange rate regime rather than in a purely floating context. To this purpose, we extend to a selected group of...

Persistent link: https://www.econbiz.de/10008512526

Teoria delle Target Zones: un’analisi formale dei contributi recenti - Target Zones Theory: a Formal Analysis of the Most Recent Contributions

Giannetti, Marilena - In: Economia Internazionale / International Economics 50 (1997) 4, pp. 535-559

The target zones literature has developed extensively after the seminal papers by Krugman (1987, 1988). The literature has followed two waves: in the first wave, following the original Krugman model, all the articles assumed a perfectly credible target zone and the absence of intramarginal...

Persistent link: https://www.econbiz.de/10008479473

Foreign Exchange Market Efficiency: Did The Ems Make a Difference? A Cointegration-Based Empirical Investigation

Tronzano, Marco - In: Economia Internazionale / International Economics 55 (2002) 1, pp. 69-103

This paper addresses an interesting theoretical intuition, originally put forward in De Grauwe (1989), according to which market efficiency should find stronger support in a pegged exchange rate regime rather than in a purely floating context. A cointegration-based empirical investigation on the...

Persistent link: https://www.econbiz.de/10008481998

Non-Credible Intervention Commitments in a Fixed Exchange Rate System and the 1992-1993 EMS Crisis

Della Posta, Pompeo - In: Economia Internazionale / International Economics 55 (2002) 4, pp. 479-499

Focusing on the 1992-93 crisis of the European Monetary System (Ems), I stress, in opposition with the conclusions reached by “escape clause” models, the role played by the availability of foreign reserves. In particular, I show the lack of credibility of the Bundesbank’s commitment to...

Persistent link: https://www.econbiz.de/10008482002

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