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Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU
Masson, Paul R. - 1997
The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy … inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the …
Persistent link: https://www.econbiz.de/10014400817
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Economic Integration and Financial Stability : A European Perspective
De Nicoló, Gianni - 2006
This paper assesses changes in synchronization of real activity and financial market integration in Western Europe and evaluates their implications for financial stability. We find increased synchronization of real activity since the early 1980s and increased equity markets integration since the...
Persistent link: https://www.econbiz.de/10014399790
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The Role of Financial Variables in Predicting Economic Activity in the Euro Area
Lombardi, Marco - 2009
The U.S. business cycle typically leads the European cycle by a few quarters and this can be used to forecast euro area … include the U.S. and the euro area GDPs as a minimal set of variables as well as growth in the Rest of the World (an … medium term forecasts of real activity in the euro area, even when their timely availability, relative to GDP, is exploited …
Persistent link: https://www.econbiz.de/10014402234
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Currency Unions, Economic Fluctuations, and Adjustment : Some New Empirical Evidence
Prasad, Eswar - 1996
This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1-digit sectoral data for eight U.S. regions and eight European countries are...
Persistent link: https://www.econbiz.de/10014396091
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Strengthening the WAEMU regional fiscal framework
David, Antonio C.; Nguyen-Duong, Alexandre; Selim, Hoda - 2022
This paper assesses the adequacy and effectiveness of the WAEMU fiscal framework along three pillars that have proven to effectively support fiscal discipline in monetary unions-common fiscal rules (including adequacy of numerical ceilings as well as elements of design and enforcement), shared...
Persistent link: https://www.econbiz.de/10013170001
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One money, many markets : monetary transmission and housing financing in the euro area
Corsetti, Giancarlo; Duarte, Joao B.; Mann, Samuel - 2020
We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high …
Persistent link: https://www.econbiz.de/10012252067
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On bank consolidation in a currency union
Di Vittorio, Fabio; Li, Delong; Yun, Hanlei - 2018
The paper focuses on the impact of diversification on bank performance and how consolidation through mergers and acquisitions (M and A) affects the banking sector's stability in the Eastern Caribbean Currency Union (ECCU). The paper finds that a lower level of loan portfolio diversification...
Persistent link: https://www.econbiz.de/10011852546
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Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union : Lessons from the U.S. Experience
Zee, Howell H. - 1998
With the advent of the economic and monetary union in the European Union (EU), the economic landscape of the EU will bear a striking resemblance to that of the United States in terms of fundamental attributes such as the freedom of internal movements of individuals, capital, and goods within the...
Persistent link: https://www.econbiz.de/10014400658
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Money Demand and Regional Monetary Policy in the West African Economic and Monetary Union
Rother, Philipp C. - 1998
Regional monetary integration, financial liberalization, and the adoption of indirect policy instruments have changed the conditions for monetary policy in the West African Economic and Monetary Union (WAEMU). The stability of money demand has become a crucial element for monetary policy. This...
Persistent link: https://www.econbiz.de/10014400823
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The Suitability of AsEAN for a Regional Currency Arrangement
Mauro, Paolo - 1999
This paper examines the costs, benefits, preconditions, and implications of an Association of Southeast Asian Nations (ASEAN) regional currency arrangement that is assumed to culminate in a regional currency. On economic criteria, ASEAN appears less suited for a regional currency arrangement...
Persistent link: https://www.econbiz.de/10014401108