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As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular...
Persistent link: https://www.econbiz.de/10005836848
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...
Persistent link: https://www.econbiz.de/10005617198
The Russian Government remains committed to the resource model. Every year more and more difficult to meet the country's needs for material wealth at the expense of resource revenues. The biggest debate is to validate the measures and forms of government involvement in the economy. The results...
Persistent link: https://www.econbiz.de/10011260673
In the wake of the global change of a new accumulation regime in main capitalist economies, the opening up and liberalisation process of emerging economies from the 1980s has provoked great expectations that resulted in recurrent disappointing crises. Studied as a stylized fact, the Turkish...
Persistent link: https://www.econbiz.de/10009402058
the euro which has shown the weaknesses of the European institutions and stressed the heterogeneity of member countries …. The global financial crisis struck the euro area very severely because it coincided with the lack of appropriate policy …. Europe needs to build the institutions of its monetary union to avoid similar crises in the future. But it is necessary a …
Persistent link: https://www.econbiz.de/10011258694
of a future Europe without the Euro as state of political and economic marginalisation. I am contrasting this vision by …The Eurocrisis challenges our definition of a common future in Europe. As first step, this article describes a vision … demanding European values and civic duties that make the common currency Euro sustainable: solidarity among Europeans and …
Persistent link: https://www.econbiz.de/10011259362
fiscal deficits that can be systematically higher in the euro area countrie. It also underlines the unresolved conflict …
Persistent link: https://www.econbiz.de/10011111302
periods euro and the euro zone will be subject to strong domestic and international pressure, we are convinced that the single …
Persistent link: https://www.econbiz.de/10011112750
The Bank of the Euro, that is the European Central Bank, is the topic of this paper, since on January 1999 started the … European Monetary Union that introduced a single currency, the euro, which in turn will be managed by the European Central Bank … European Central Bank, or the Bank of the Euro, will play effectively and efficiently its role and ensure the stability and …
Persistent link: https://www.econbiz.de/10011201262
Economic growth data does not show how such growth was achieved. Was it based on income growth and consumption spending levels or was it based on borrowings to extend the income levels? The question is vital for deciding which economic tools work best for correcting imbalances. The main...
Persistent link: https://www.econbiz.de/10011251886