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Convergence in GDP per Capita in the Euro Area and the EU at the Time of COVID-19

Licchetta, Mirko; Mattozzi, Giovanni - In: Intereconomics 58 (2023) 1, pp. 43-51

This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...

Persistent link: https://www.econbiz.de/10014334683

Towards a New Euro Crisis?

De Grauwe, Paul - In: Intereconomics 57 (2022) 5, pp. 273-277

government bond markets. This will continue to make the eurozone a fragile construction. As a result, the possibility of a future …

Persistent link: https://www.econbiz.de/10013468417

External imbalances in the EU: A REER-based explanation

Kutasi, Gábor - In: Intereconomics 50 (2015) 5, pp. 301-308

The debt crisis of the eurozone revealed a structural problem of the single market rooted in the external imbalance … problem of indebted member states. The assumption of this paper is that the current account imbalances within the eurozone are … based on an intra-eurozone competitiveness disparity originated in the single currency and the heterogeneity of member state …

Persistent link: https://www.econbiz.de/10011773257

The Eurozone’s Flaws Are Not Intrinsic

Wren-Lewis, Simon - In: Intereconomics 51 (2016) 1, pp. 20-24

first, mostly from those outside the eurozone, is that the whole project was doomed from the start and should be abandoned …. The second is that the only way forward is further political integration. However, the problems of the eurozone are not …

Persistent link: https://www.econbiz.de/10011478114

The new EU countries and euro adoption

Gabrisch, Hubert; Kämpfe, Martina - In: Intereconomics 48 (2013) 3, pp. 180-186

In the new member states of the EU which have not yet adopted the euro, previous adoption strategies have come under scrutiny. The spillovers and contagion from the global financial crisis revealed a new threat to the countries' real convergence goal, namely considerable vulnerability to the...

Persistent link: https://www.econbiz.de/10011307034

Eurosystem collateral policy and framework: Post-Lehman time as a new collateral space

Belke, Ansgar - In: Intereconomics 50 (2015) 2, pp. 82-90

Collateral plays a central role in monetary policy. In recent years, its importance has increased as uncollateralised inter-bank borrowing has gradually been replaced by collateralised central bank lending. This has in turn affected collateral availability and the need for high-quality assets....

Persistent link: https://www.econbiz.de/10011773240

The adjustment mechanism in the euro area

Biroli, Pietro; Mourre, Gilles; Turrini, Alessandro - In: Intereconomics 48 (2013) 3, pp. 159-166

This paper analyses the adjustment mechanism in the euro area prior to the crisis. Results show that the real exchange rate adjusted to redress cyclical divergences and that after monetary unification, real exchange rate dynamics became less reactive to country-specific shocks but also less...

Persistent link: https://www.econbiz.de/10011307030

The optimum currency area theory and the EMU: An assessment in the context of the eurozone crisis

Jager, Jennifer; Hafner, Kurt A. - In: Intereconomics 48 (2013) 5, pp. 315-322

The eurozone crisis has revealed certain shortcomings of the EMU, such as its vulnerability to asymmetric shocks and …

Persistent link: https://www.econbiz.de/10011418796

Europe under Merkel's third term

Pelkmans, Jacques - In: Intereconomics 48 (2013) 5, pp. 266-267

Persistent link: https://www.econbiz.de/10010327999

The Euro Area Periphery Debt Conundrum

Brooks, Robin; Pingle, Jonathan - In: Intereconomics 57 (2022) 5, pp. 283-287

There are many reasons to reform the Stability and Growth Pact, but that reform is no panacea. This is because the euro area periphery has increasingly entered a debt conundrum.

Persistent link: https://www.econbiz.de/10013468419

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