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The Concepts of Equilibrium Exchange Rate: A Survey of Literature

Siregar, Reza - Volkswirtschaftliche Fakultät, … - 2011

The aim of this paper is to review and examine a collection of ‘most commonly applied’ theoretical and empirical models of equilibrium exchange rate. The presentation on each model starts with an introduction of core theoretical frameworks. It will then be followed by discussions on relevant...

Persistent link: https://www.econbiz.de/10008854393

Assessing Time-Varying Stock Market Integration in EMU for Normal and Crisis Periods

Sehgal, Sanjay; Gupta, Priyanshi; Deisting, Florent - Volkswirtschaftliche Fakultät, … - 2014

In this paper, we examine the financial integration process amongst 17 EMU countries from January 2002 to June 2013 … sized EMU economies (termed as Group A) exhibit strong financial integration. Moderate financial integration is observed for … middle-sized EMU economies with old membership (termed as Group B). Small sized economies (termed as Group C) economies …

Persistent link: https://www.econbiz.de/10011272696

Sovereign bond market integration: the euro, trading platforms and financial crises

Schulz, Alexander; Wolff, Guntram B. - Volkswirtschaftliche Fakultät, … - 2009

We disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU … gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Länder. The current …

Persistent link: https://www.econbiz.de/10005019453

Der Euro, ein Segen für Afrika? Folgen der Anbindung der afrikanischen Franc-Zone an den Euro

Kohnert, Dirk - Volkswirtschaftliche Fakultät, … - 1998

-Zone never fulfilled the most crucial preconditions of an optimal currency area. The peg to the EMU, orientated at the interests …

Persistent link: https://www.econbiz.de/10005260329

Default risk and fiscal sustainability in PIIGS countries

Canale, Rosaria Rita - Volkswirtschaftliche Fakultät, … - 2011

European Monetary Union experiences the division into two major blocks according to their ability to respect fiscal criteria and replace their bonds on the market. The so-called PIIGS countries are asked to hardly reduce their deficit and debt in order to prevent speculative attacks and preserve...

Persistent link: https://www.econbiz.de/10009211205

A new governance for the EMU and the economic policy framework

Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2011

Council, named the ‘Pact for the Euro’, to design a new governance of the EMU, can be considered a fairly significant step for …

Persistent link: https://www.econbiz.de/10009226948

An empirical estimation of Balassa – Samuelson Effect in case of Eastern European Countries

Paun, Cristian - Volkswirtschaftliche Fakultät, … - 2010

Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern …

Persistent link: https://www.econbiz.de/10009644766

A model for assessing Romania's real convergence based on distances and clusters methods

Miron, Dumitru; Dima, Alina; Paun, Cristian - Volkswirtschaftliche Fakultät, … - 2009

Accession into Euro Area for Eastern European Countries became a compulsory and a very demanding step. These new members should achieve specific condition that are called “nominal convergence” criteria and that are defined by Maastricht Treaty. The convergence level reflects how much these...

Persistent link: https://www.econbiz.de/10009644786

101 proposals to reform the Stability and Growth Pact. Why so many? A survey.

Larch, Martin; Jonung, Lars; Fischer, Jonas - Volkswirtschaftliche Fakultät, … - 2008

Monetary Union (EMU). This paper analyzes 101 reform proposals presented by professional academic and non-academic economists …

Persistent link: https://www.econbiz.de/10008596420

Labour Market Institutions and Labour Market Performance in the European Union

Michal, Tvrdon - Volkswirtschaftliche Fakultät, … - 2008

The presented article deals with labour market institutions and labour market performance in the European Union. The first chapter is devoted to theoretical and methodological background of labour market performance. Theoretical literature has created a set of institutional aspects such as...

Persistent link: https://www.econbiz.de/10005790073