Showing 1 - 10 of 1,882
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/10012464168
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/10012465988
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/10012464209
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
institutional framework, such as the creation of the euro by a group of European countries, will realign - after a transition period … illustrate this point, we study the case of the euro and how the party system has evolved in Southern and Northern European …
Persistent link: https://www.econbiz.de/10012455083
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/10012464193
these channels in the euro area by combining micro data from the HFCS and the EU-LFS with structural VARs estimated on …
Persistent link: https://www.econbiz.de/10012479154
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...
Persistent link: https://www.econbiz.de/10012480422
responses in explaining the evolution of Eurozone (EZ) sovereign spreads during the first half of 2020. Focusing on daily … Eurozone CDS spreads, we adopt a multi-stage econometric approach. First, we estimate a multi-factor model for changes in EZ …
Persistent link: https://www.econbiz.de/10012481646
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …
Persistent link: https://www.econbiz.de/10012462841