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Public Support for the Euro and Trust in the ECB. The First Two Decades of the Common Currency
Roth, Felix; Jonung, Lars - 2019
This chapter examines the evolution of public support for the euro and public trust in the European Central Bank (ECB … currency, we find that a majority of citizens in every member country of the euro area (EA) support the euro. The economic … crisis in the EA following the Great Recession and the euro crisis led to a slight decline in public support for the euro but …
Persistent link: https://www.econbiz.de/10013208851
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Has the Euro changed the Business Cycle?
Enders, Zeno; Müller, Gernot J. - 2010
able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the …
Persistent link: https://www.econbiz.de/10013370079
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After 25 Years as Faithful Members of the EU. Public Support for the Euro and Trust in the ECB in Austria, Finland and Sweden
Roth, Felix; Jonung, Lars - 2020
Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euro-area members Austria and Finland has remained high and relatively stable since the … physical introduction of the new currency nearly 20 years ago, while the euro crisis significantly reduced support for the euro …
Persistent link: https://www.econbiz.de/10013208882
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Regional Currency Arrangements: Insights from Europe
Christl, Josef - 2006
This paper focuses on the requirements and features of a successful monetary union on the basis of the optimum currency area theory, the "logical roadmap" for integration as proposed by Balassa as well as the economic and institutional framework of the European Economic and Monetary Union (EMU)....
Persistent link: https://www.econbiz.de/10013370042
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The Stability Pact - Rationales, Problems, Alternatives
Lindbeck, Assar; Niepelt, Dirk - 2006
We analyze economic rationales for, and possible alternatives to, the Stability and Growth Pact (SGP). We identify various cross-country spillover effects and domestic policy failures as potential rationales. The two sets of problems suggest different corrective measures, and different measures...
Persistent link: https://www.econbiz.de/10011430061
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Monetary unions and national welfare
Görgün, Cem - 2019
This paper studies monetary regime choice between monetary union and flexible exchange rate regime in a large open economy framework. The classical approach emphasizes that monetary unions are inherently costly because a single interest rate cannot respond effectively to different shocks of...
Persistent link: https://www.econbiz.de/10012388928
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Hysteresis, endogenous growth, and monetary policy
Amador, Sebastián - 2022
I provide evidence of substantial hysteresis (i.e., a situation in which temporary shocks have longrun effects) from monetary shocks on two sources of endogenous growth; human capital and technological adoption. This contribution is the first to test for the presence of this phenomenon in direct...
Persistent link: https://www.econbiz.de/10013467142
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Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies
Bibow, Jörg - 2010
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...
Persistent link: https://www.econbiz.de/10010281707
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The euro and the global crises: Finding the balance between short term stabilization and forward looking reforms
Aizenman, Joshua - 2012
This paper analyzes reforms and adjustments in the context of the Euro and the global financial crises. Taking the … leading to the euro is an example of a common upbeat and optimistic attitude to the formation of new institutions. Such a …
Persistent link: https://www.econbiz.de/10010288121
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Credibility of the Interwar Gold Standard, Uncertainty, and the Great Depression
Ferderer, J. Peter - 1994
This paper constructs a theoretical model to show how the credibility of a country s commitment to an international gold standard regime is driven by fundamental determinants such as: 1) shifts in domestic policy, 2) a breakdown in cooperation between central banks, and 3) unilateral...
Persistent link: https://www.econbiz.de/10011935174