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The European Union, the Euro, and Equity Market Integration

Bekaert, Geert - 2010

At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … segmentation is significantly lower for EU versus non- EU members. Bilateral valuation differentials remain lower for EU members …, financial regulation, and interest rate differences. Importantly, we find that EU membership reduces equity market segmentation …

Persistent link: https://www.econbiz.de/10013135396

Trade Blocs, Currency Blocs and the Disintegration of World Trade in the 1930s

Eichengreen, Barry; Irwin, Douglas A. - 2021

The dramatic implosion and regionalization of international trade during the 1930s has often been blamed on the trade and foreign exchange policies that emerged in the interwar period. We provide new evidence on the impact of trade and currency blocs on trade flows from 1928 1938 that suggests a...

Persistent link: https://www.econbiz.de/10013245718

Management of a Common Currency

Casella, Alessandra - 2010

This paper presents a simple general equilibrium model of two countries using a common currency. The goal is to study how the monetary arrangement influences the optimum financing of a public good. If the two countries are allowed to print the common currency autonomously, they will finance...

Persistent link: https://www.econbiz.de/10013141629