Narrow search
Showing 1 - 10 of 491
Cover Image
External imbalances in the EU : A REER-based explanation
Kutasi, Gábor - In: Intereconomics : review of European economic policy 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/10011346632
Cover Image
Inter-temporal savings, current account trends and asymmetric shocks in a heterogeneous European Monetary Union
Schnabl, Gunther; Zemanek, Holger - In: Intereconomics : review of European economic policy 46 (2011) 3, pp. 153-160
This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...
Persistent link: https://www.econbiz.de/10009760197
Cover Image
Ten misconceptions about current account imbalances in the euro area
Matthes, Jürgen - In: Intereconomics : review of European economic policy 49 (2014) 3, pp. 160-169
In the pre-crisis period, substantial current account imbalances built up in the euro area. Despite recent progress in economic rebalancing, especially in the countries mostly affected by the euro debt crisis, a controversial debate is still raging about past causes, current interpretations and...
Persistent link: https://www.econbiz.de/10010362732
Cover Image
Mr. Sarkozy and the EMU
Hefeker, Carsten - In: Intereconomics : review of European economic policy 42 (2007) 4, pp. 178-179
Persistent link: https://www.econbiz.de/10003513654
Cover Image
The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
Persistent link: https://www.econbiz.de/10009490521
Cover Image
Monetary financing in the euro area : a free lunch?
Tober, Silke - In: Intereconomics : review of European economic policy 50 (2015) 4, pp. 214-220
Two recent proposals for overcoming the euro area crisis make the case for monetary financing of the public sector. Watt proposes that the ECB finances public investment directly, while Pâris and Wyplosz contend that public debt may be effectively restructured by burying parts of it in the...
Persistent link: https://www.econbiz.de/10011311717
Cover Image
The trilemma of a monetary union : another impossible trinity
Beck, Hanno; Prinz, Aloys - In: Intereconomics : review of European economic policy 47 (2012) 1, pp. 39-43
A monetary union among autonomous countries cannot simultaneously maintain an independent monetary policy, national fiscal sovereignty and a no-bailout clause. These three features make up an impossible trinity, and attempts to preserve all three concurrently will ultimately end in failure. In...
Persistent link: https://www.econbiz.de/10009686816
Cover Image
Policy rules in the economic and monetary union
Herzog, Bodo; Choi, Minjae - In: Intereconomics : review of European economic policy 52 (2017) 1, pp. 51-56
Persistent link: https://www.econbiz.de/10011594080
Cover Image
Current account deficits in the new member states : causes and consequences
Schelburne, Robert C. - In: Intereconomics : review of European economic policy 44 (2009) 2, pp. 90-95
Persistent link: https://www.econbiz.de/10003831770
Cover Image
World economy burdened by imbalances
Großer, Günter; Weinert, Günter - In: Intereconomics : review of European economic policy 23 (1988) 1, pp. 49-52
Persistent link: https://www.econbiz.de/10003564989