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The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … integration of European financial markets emphasizing the enormous structural changes that came about since the euro has been …
Persistent link: https://www.econbiz.de/10013136590
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
Dollar/Euro exchange rate from the inception of the Euro in 1999 to the end of 2007. The major result of the paper is that … coefficients on inflation and the real economic activity measure are constrained to be the same for the U.S. and the Euro Area and …
Persistent link: https://www.econbiz.de/10005789851
The sovereign debt crisis that deepened within the last three years in particular Eurozone countries makes up one of … European Monetary Union and the introduction of the euro as a single currency in the late 1990s. Finally, the study also …
Persistent link: https://www.econbiz.de/10009323468
, because of speculation moves in and out of the U.S. Dollar and the Euro depending on their return, increasing volatility. U … influence in this most important policy arena. It will focus on the U.S. Dollar decline as the Reserve Currency, on the Euro …
Persistent link: https://www.econbiz.de/10008567957
investment areas under foreign law (think of Magna Graecia). (2) EUR 400 billion can be injected in eurozone equity (and not … eurozone bonds) in banks to allow the increase from the 8% to the 10.5% target. This equity can be managed by newly created … independent ERC Investment Banks (ERBs), where the shares are allocated to eurozone member states in proportion to their GDP. This …
Persistent link: https://www.econbiz.de/10009294940
The author starts from the assumption that Croatia will access the European Union. Following assumption, he analyzes the possible scenarios of Croatian strategy based on the achievements the country’ s monetary policy, on the degree of acceptance of the convergence criteria and on...
Persistent link: https://www.econbiz.de/10005621538
States Dollar and the Euro relations as well as the fundamentals behind monetary assets. It brings to light the relationship …
Persistent link: https://www.econbiz.de/10008565966
Although Europe is about to introduce a commom monetary policy with one common European currency, the euro, estimating … the expected costs and income is not an easy task. This paper analyzes in-depth the benefits of the euro. The prospects …
Persistent link: https://www.econbiz.de/10008854418
The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some … dependent upon current ad hoc measures, with the loss of welfare over the years 2008-2013+. If Eurozone nations create their own … earlier proposal the ECB can create funds to redress debt. Notably, 400 billion euro can be created and invested in bank …
Persistent link: https://www.econbiz.de/10011107257