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Creation and evolution of European economic and monetary union : lessons for Asian economic integration
Subramanian, Muthurangam; Taghizadeh-Hesary, Farhad; … - 2020
of history confirm the stability of the euro as a single currency in the region and it is seen as a great achievement of …
Persistent link: https://www.econbiz.de/10012212663
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Kann die Einführung des Euro-Bargelds die europäische Währung stabilisieren?
Bofinger, Peter; Ohr, Renate; Hüther, Michael; Filc, … - In: ifo Schnelldienst 54 (2001) 13, pp. 3-15
Seit seiner Einführung am 1. Januar 1999 hat der Euro über ein Viertel seines Außenwertes verloren. Nachdem alle auf …, hat die These, dass die Schwäche darauf beruht, dass es bisher nur einen virtuellen Euro gibt, an Glaubwürdigkeit gewonnen … Finance« zu erklären. Aus der Sicht dieser Theorie könnte die Bargeldeinführung zum Vorteil des Euro ausschlagen, aber mit …
Persistent link: https://www.econbiz.de/10011691762
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Financial openness and growth
Fratzscher, Marcel; Bussiere, Matthieu - 2004
No empirical evidence has yet emerged for the existence of a robust positive relationship between financial openness and economic growth. This paper argues that a key reason for the elusive evidence is the presence of a time-varying relationship between openness and growth over time: countries...
Persistent link: https://www.econbiz.de/10009639402
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Towards European monetary integration
González, Fernando; Launonen, Simo - 2005
We assess monetary convergence preceding the implementation of the European Monetary Union (EMU) through Kalman filtering estimates of the risk premium of eleven forward exchange rates of European and non-European currencies. Since all participating currencies are in effect identical from...
Persistent link: https://www.econbiz.de/10009639925
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Die Europäische Wirtschafts- und Währungsunion: Eine Erfolgsgeschichte
Duisenberg, Willem F. - In: ifo Schnelldienst 54 (2001) 13, pp. 29-34
Vortrag anlässlich der 52. ifo Jahresversammlung zum Thema Europäische Währungsunion
Persistent link: https://www.econbiz.de/10011691764
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The financial crisis : a wake-up call for strengthening regional monitoring of financial markets and regional coordination of financial sector policies?
Winkler, Adalbert - 2010
How much can regional monitoring of financial markets and coordination of financial sector policies contribute to preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken different routes and have achieved different levels...
Persistent link: https://www.econbiz.de/10003982941
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Regional monitoring of capital flows and coordination of financial regulation : stakes and options for Asia
Plummer, Michael G. - 2010
The ongoing global economic crisis has punished Asian economies severely, despite the fact that its origins derive from outside the region. The global economic crisis was transmitted through real and financial channels, underscoring how vulnerable the region is to external shocks. This paper...
Persistent link: https://www.econbiz.de/10003983102
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The Chiang Mai Initiative Multilateralisation : origin, development and outlook
Chalongphob Sussangkarn - 2010
This paper discusses the Chiang Mai Initiative Multilateralization (CMIM); its origin, development and future outlook. It puts forward a number of proposals to make the liquidity support role of the CMIM more effective. It is further argued that the CMIM can bring about major changes to the...
Persistent link: https://www.econbiz.de/10003983484
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Trilemma and financial stability configurations in Asia
Aizenman, Joshua - 2011
This paper takes stock of recent research dealing with the degree to which the trilemma choices of Asian countries facilitated a smoother adjustment during the global crisis of 2008-2009, and the way the region has been coping with the adjustment to the postcrisis challenges. We point out that...
Persistent link: https://www.econbiz.de/10009379740
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Prevention and resolution of foreign exchange crises in East Asia
Chalongphob Sussangkarn - 2012
This paper discusses mechanisms to prevent and resolve foreign exchange crises in East Asia. Policies and mechanisms at the country level as well as regional and global levels are discussed. Policies at the level of a particular country to prevent foreign exchange crises include the management...
Persistent link: https://www.econbiz.de/10009551417