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The Us Dollar, the Euro, and the Yen : An Evaluation of Their Present and Future Status as International Currencies
Beckmann, Rainer - 2010
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
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Degrowth and sustainable public finance
Pasche, Markus - 2018
Persistent link: https://www.econbiz.de/10013459233
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Changes in the Eurozone governance after the crisis and the issue of growth
Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2013
The Eurozone countries are still trying to find a way out to the crisis that has affected the European Monetary Union … characterized the crisis of the euro, while several countries of Eurozone have entered in a phase of slow and even negative growth … the single currency. The crisis of the Eurozone has shown that a sustainable currency union requires more governance …
Persistent link: https://www.econbiz.de/10011260100
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An (Un)Pleasant Arithmetic of Fiscal Policy: the Case of Italian Public Debt
Marattin, Luigi; Marzo, Massimiliano - Volkswirtschaftliche Fakultät, … - 2008
Using the simple arithmetic of government budget constraint, we perform an analysis on the Italian case, investigating the consequences on the main public finance aggregates of the adoption of a fiscal policy rule responding to past real debt/GDP ratio. Such a rule, firmly grounded in the...
Persistent link: https://www.econbiz.de/10005260291
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An Evaluation of the Revenue side as a source of fiscal consolidation in high debt economies
Banerjee, Ritwik - Volkswirtschaftliche Fakultät, … - 2012
Unsustainable levels of debt for some European economies is causing enormous strain in the Euro area. How to tide over the debt crisis seems to be the most important objective the European policy makers are currently facing. We use a dynamic general equilibrium closed economy model to compute...
Persistent link: https://www.econbiz.de/10011258427
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Electoral Budget Cycles: The case of the Argentine Provinces
Medina, Leandro; Lema, Daniel - Volkswirtschaftliche Fakultät, … - 2004
This paper presents subnational evidence of electoraly-motivated changes in the level of public expenditures, budgetary deficits and composition of public expenditures in Argentina. The empirical study is made using a dynamic panel data analysis (GMM) for 22 provinces during period 1985-2001. We...
Persistent link: https://www.econbiz.de/10008560096
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Fiscal Theory of Price Level
Daly, Hounaida; Smida, Mounir - Volkswirtschaftliche Fakultät, … - 2014
Lack of coordination between the monetary and fiscal authorities will result in inferior overall economic performance. This paper studies the interactions between monetary and fiscal policies and its effect on the economic performance by using al cointegration tests in the case of Euro Area....
Persistent link: https://www.econbiz.de/10011114139
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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
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
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Public Financial Management in Indonesia : Review of Islamic Public Finance
Jaelani, Aan - 2017
Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low...
Persistent link: https://www.econbiz.de/10012968836
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Financial Integration within the European Union : Towards a Single Market for Insurance
Beckmann, Rainer - 2010
Our study analyses the extent of integration of the EU market for life and non-life insurance. The main integration indicator used is the market share (premium based) of foreign companies in domestic markets. For the calculation of this indicator, three different kinds of foreign presence are...
Persistent link: https://www.econbiz.de/10013136591