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Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies at the EMU periphery. It identifies international trade,...
Persistent link: https://www.econbiz.de/10003507015
Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed …
Persistent link: https://www.econbiz.de/10011658573
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The global nature of derivatives markets, and the presence of large key financial institutions trading in several markets across the globe, call for taking a "macro" view on the interconnections arising in the clearing network. Based on the analysis of derivatives transactions data reported...
Persistent link: https://www.econbiz.de/10012135903
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We compare networks constructed using five commonly used methods and publicly available daily market data to networks based on reported exposures along several dimensions of the balance sheet, i.e., loans, bonds, equity. Our findings suggest that while the global network structure remains...
Persistent link: https://www.econbiz.de/10014482892
Persistent link: https://www.econbiz.de/10009765141
Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous … structural reform. However, it is much less clear whether progress can be ascribed to EMU membership. To explore further the … influence of monetary regime, the paper undertakes an econometric examination of the likelihood that countries undertake reform …
Persistent link: https://www.econbiz.de/10003290339
The objective of this paper is to investigate which factors ] macroeconomic, policy ]related or institutional ] foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to such...
Persistent link: https://www.econbiz.de/10011662947
Control Method to estimate the impact of 23 wide-reaching structural reform packages (including both real and financial sector … significant positive effect on GDP per capita only after five years. Ten years after the beginning of a reform wave, GDP per … tests, and to different indicators of reform. …
Persistent link: https://www.econbiz.de/10011747694