Showing 1 - 10 of 904
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms … theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the empirical evidence. We … find that the adoption of the Euro has been associated with an acceleration of the pace of structural reforms in the …
Persistent link: https://www.econbiz.de/10012758159
We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected … euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity … since the adoption of the euro. Restructuring has entailed a shift of business focus from production to upstream and …
Persistent link: https://www.econbiz.de/10012758241
This paper tests whether trade in new goods is partially responsible for the pro-trade effects of the euro and provides …-firms trade model in a multi-country environment to structure our empirical model, we find that the euro had a positive impact on … the pro-trade effect of euro-usage on non-Euroland nations trading with euro-users. We confirmed the absence of trade …
Persistent link: https://www.econbiz.de/10012760556
This study grounds the establishment of EMU and the euro in the context of the history of international monetary … for a more expansive monetary policy. Such demands might arise in some parts or regions or countries of the euro area, but …
Persistent link: https://www.econbiz.de/10012772728
We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption … from expectations of euro adoption will further feed that boom. On the other hand the fact that interest rates have already … converged part way to euro-area levels (and more extensively than in earlier adopters that experienced a sharp fall in rates and …
Persistent link: https://www.econbiz.de/10012769529
the Euro Zone growing faster, and the U.S. moderating its growth -- would only make a modest contribution towards the …
Persistent link: https://www.econbiz.de/10012777651
During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....
Persistent link: https://www.econbiz.de/10014112639
Because of large and rapid growing export volumes and its formal status as a non-market economy; China has been the subject of large numbers of both antidumping initiations and measures. Current estimates are that around 40% of such actions are against China; India, in turn, is the largest source...
Persistent link: https://www.econbiz.de/10013094234
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...
Persistent link: https://www.econbiz.de/10013246977
The U.S. dollar holds a dominant place in the invoicing of international trade, along two complementary dimensions. First, most U.S. exports and imports invoiced in dollars. Second, trade flows that do not involve the United States are also substantially invoiced in dollars, an aspect that has...
Persistent link: https://www.econbiz.de/10013234967