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The possibility that the euro area might break up was being raised even before the single currency existed. These … scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various … unlikely, I argue here, that one or more members of the euro area will leave in the next ten years; total disintegration of the …
Persistent link: https://www.econbiz.de/10012465257
nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …
Persistent link: https://www.econbiz.de/10012470368
Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market …
Persistent link: https://www.econbiz.de/10012696397
European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed carries the disturbing implication that there is a sharp conflict between the interests of those currently employed and the unemployed because it suggests that increases in...
Persistent link: https://www.econbiz.de/10012477035
Persistent link: https://www.econbiz.de/10012477122
This paper reviews theoretical argumrents and empirical evidence regarding the interest elasticity of savings. It concludes that there are strong theoretical reasons to expect an increase in after tax rates of return to increase private savings. Moreover, the empirical rrethods used in most...
Persistent link: https://www.econbiz.de/10012477741
In the UK's 2016 referendum on EU membership, young voters were more likely than their elders to vote Remain. Applying new methods to a half century of data, we show that this pattern reflects both ageing and cohort effects. Although voters become more Eurosceptical as they age, recent cohorts...
Persistent link: https://www.econbiz.de/10012480870
As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is … no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an …
Persistent link: https://www.econbiz.de/10012470644
This paper reconsiders the 1992-3 crisis in the European Monetary System in light of its emerging market successors … market crisis as much as they do the moderate effects of the typical industrial-country event of its kind to take place in an …
Persistent link: https://www.econbiz.de/10012470695
banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the …
Persistent link: https://www.econbiz.de/10012472742