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Is the Eurozone Rescue Strategy Tantamount to the Rearrangement of the Deckchairs on the Titanic?

Jovanović, Miroslav - In: Journal of Economic Integration 27 (2012), pp. 33-79

The eurozone is the crown jewel in the process of European integration. This monetary zone includes the most advanced integration grouping of countries in the European Union. The eurozone has been expanding the number of its participants, a sign of success in any economic or political union....

Persistent link: https://www.econbiz.de/10010991753

Real Exchange Rate Volatility, Economic Growth and the Euro

Janus, Thorsten; Riera-Crichton, Daniel - In: Journal of Economic Integration 30 (2015), pp. 148-172

This paper studies the impact of real effective exchange rate volatility on economic growth as well as the euro … percentage points growth increase. Second, we find that the euro adoption was associated with a decline of 0.4 standard …, the real effective exchange rate of the euro adopters were almost completely insulated. We conclude that real effective …

Persistent link: https://www.econbiz.de/10011191491

Destructive Diversity, Inflationary Convergence and the Inflation Criterion : The Way to EMU Reconsidered

Berlemann, Michael - In: Journal of Economic Integration 21 (2006), pp. 681-707

least inflationary convergence was not a necessary precondition for EMU. This paper aims at analyzing the effects of the …; insofar it has contributed to a decrease in inflation bias during stage II of EMU but played no important role with respect to …

Persistent link: https://www.econbiz.de/10009392015

CEEC Accession Countries and the EMU - An Assessment of Relative and Readiness for Euro-Area Membership

Kozluk, Tomasz - In: Journal of Economic Integration 20 (2005), pp. 439-474

Eastward enlargement of the Eurozone will result in transition economies sharing a currency with well-established market economies. We compare the suitability of the candidates relative to current members at a similar time before joining, as well as their readiness to comply with Maastricht...

Persistent link: https://www.econbiz.de/10009392023

The Path of European Institutional and Economic Integration: What Lessons for Latin America?

Paolo Mongelli, Francesco; Dorrucci, Ettore - In: Journal of Economic Integration 20 (2005), pp. 217-251

What lessons can be drawn from the European experience with regional integration that started in the 1950s, for regional integration in Latin America, which is still in its early stages? We present here a new indicator of institutional integration and study how it developed vis-à-vis diverse...

Persistent link: https://www.econbiz.de/10009390587

Membership of EMU: A Fuzzy Clustering Analysis of Alternative Criteria

Artis, M.J.; Zhang, W. - In: Journal of Economic Integration 17 (2002), pp. 54-79

for the sustainability of the current “Euro-zone”. …

Persistent link: https://www.econbiz.de/10010991750

International Trade and the Risk Premium in the Currency Forward Market

Eckwert, Bernhard; Broll, Udo - In: Journal of Economic Integration 13 (1998), pp. 662-672

In this paper we present an intertemporal model of the spot and forward markets for foreign exchange. We analyze the implications of central bank interventions on the spot market for the risk premium in the currency forward market and discuss the consequences for the allocation of exchange rate...

Persistent link: https://www.econbiz.de/10010840687

Intertemporal Balance, Sustainability and Efficiency of the Exchange Rate Mechanism

Yan, Ho-don - In: Journal of Economic Integration 13 (1998), pp. 292-310

Under the assumption that the balance of payments must satisfy the expected intertemporal balance, this paper seeks to establish a pre-condition for a crisis of the Exchange Rate Mechanism (ERM). Proposing that non-stationarity of the growth rate of assets is evidence of a violation of expected...

Persistent link: https://www.econbiz.de/10010840806

The Impact of the Exchange Rate Regime on Exports: Evidence from Bilateral Exports in the European Monetary System

Aristotelous, Kyriacos; Fountas, Stilianos - In: Journal of Economic Integration 15 (2000), pp. 506-526

In this paper, we investigated the impact of the creation of the European Monetary System (EMS) on the exports of the four largest EU countries (France, Germany, Italy and UK) to each other. Our findings suggest that the EMS boosted bilateral trade in the cases of Germany 's exports to Italy and...

Persistent link: https://www.econbiz.de/10010840856

Convergence in the Core Euro Zone under the Global Financial Crisis

Lee, Kang-Soek; Mercurelli, Franceline - In: Journal of Economic Integration 29 (2014), pp. 20-63

A lack of economic convergence among euro member countries seems to be feeding euro-skepticism. Using a Structural … the three core euro members, i.e., France, Germany, and Italy. We provide evidence that the adoption of the euro has …, and the euro-skepticism is not corroborated. …

Persistent link: https://www.econbiz.de/10010840730