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, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and …
Persistent link: https://www.econbiz.de/10010286538
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
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
After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments to eurozone institutions and the International Monetary Fund. We show … that the introduction of fiscal currencies would speed up the recovery, without violating the rules of eurozone treaties …
Persistent link: https://www.econbiz.de/10011784656
Financial market crises with the threat of a subsequent debt-deflation depression have occurred with increasing regularity in the United States from 1980 through the present. Almost reflexively, when confronted with such circumstances, US institutions and the policymakers that run them have...
Persistent link: https://www.econbiz.de/10010318632
There is no disputing Germany's dominant economic role within the eurozone (EZ) and the broader European Union …
Persistent link: https://www.econbiz.de/10012142960
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … the euro's survival. The crisis in Euroland poses a global too big to fail threat, and presents a moral hazard of perhaps …
Persistent link: https://www.econbiz.de/10010318656
depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …
Persistent link: https://www.econbiz.de/10010318667
This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the … end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using … public support for the euro. First, we find that a majority of respondents support the euro in nearly all 19 euro area member …
Persistent link: https://www.econbiz.de/10013208809
A floating exchange rate combined with a clear inflation target can be a powerful stabilizer even if there are fluctuations in exchange rates that are unrelated to current fundamentals. Under plausible conditions, most of the stabilisation will occur through the exchange rate, and fundamental...
Persistent link: https://www.econbiz.de/10010321628