Showing 1 - 10 of 2,019
At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to …
Persistent link: https://www.econbiz.de/10012462074
This paper looks at the short history of the Eurozone through the lens of an evolutionary approach to forming new …-through" approach towards the Eurozone crisis. We review several manifestations of this muddling through process. Greater mobility of … mature institutions in the Eurozone …
Persistent link: https://www.econbiz.de/10012458424
A common European bond would yield a common European Monetary Union risk free rate. We present tentative estimates of this common risk free for the European Monetary Union countries from 2004 to 2009 using variables motivated by a theoretical portfolio selection model. First, we analyze the...
Persistent link: https://www.econbiz.de/10012463297
exist in most Eurozone countries. Although the European Central Bank managed the euro in a way that achieved a low rate of … Greek departure from the Eurozone …
Persistent link: https://www.econbiz.de/10012461040
. Just a few years after the global crisis, the eurozone sovereign debt crisis has emerged as the single biggest threat to …
Persistent link: https://www.econbiz.de/10012460631
This paper analyzes reforms and adjustments in the context of the Euro and the global financial crises. Taking the perspective of the evolutionary approach to institutions, the formation of a new currency area is not unidirectional. The process leading to the euro is an example of a common...
Persistent link: https://www.econbiz.de/10012460521
Europe's monetary union is part of a broader process of integration that started in the aftermath of World War II. In this "political guide for economists" we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions established?...
Persistent link: https://www.econbiz.de/10012459539
This paper examines the sources of current conflict within the EU and the EMU. The topics discussed include the recent ECB policy of bond buying (the OMT policy), the attempts to advance the "European Project" of stronger political union (the fiscal compact, the banking union, and the proposals...
Persistent link: https://www.econbiz.de/10012459989
and recovery patterns for key EU members like Germany and France, within the Eurozone, were similar. However, after the … bubble burst and the crisis began unfolding it became clear that the Eurozone plight differed from America's in one … fundamental respect. There was no exact counterpart of Eurozone GIIPS (Greece, Italy, Ireland, Portugal, and Spain) in the United …
Persistent link: https://www.econbiz.de/10012460307
Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral banking linkages among twenty industrial countries in the...
Persistent link: https://www.econbiz.de/10012463615