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Macroeconomic imbalances and institutional reforms in the EMU

Ederer, Stefan - 2015

The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU … before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these …

Persistent link: https://www.econbiz.de/10011337035

Fiscal divergence and current account imbalances in Europe : conference paper

Schnabl, Gunther; Wollmershäuser, Timo - 2013

Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...

Persistent link: https://www.econbiz.de/10010339881

Why democracy is essential to monetary stability : and why EMU will have neither

Homburg, Stefan - 1997

The article points out that monetary stability does not hinge upon formal central bank independence. The reason is that the legislator can easily restrict that independence by changing the law. Because the EU council as the true legislator does not face effective supervision by the citizens it...

Persistent link: https://www.econbiz.de/10010373533

Optimum currency area : lessons learnt from recent experience

Marinković, Srđan; Šabotić, Zenaida - In: Facta Universitatis / Series economics and organization … 9 (2012) 4, pp. 457-466

Persistent link: https://www.econbiz.de/10010458768

Discipline or international balance : the choice of monetary systems in Europe

Ljungberg, Jonas; Ögren, Anders - In: The European journal of the history of economic thought 29 (2022) 2, pp. 218-245

Persistent link: https://www.econbiz.de/10013286143

The economic performance of the European Union : issues, trends and policies

Rusek, Antonin (ed.); Fidrmuc, Jarko (ed.) - 2009 - 1. publ.

Persistent link: https://www.econbiz.de/10003730881

Policy advice : markets and policies

Orsi, Renzo (contributor); Żukrowska, Katarzyna (contributor) - 2004

This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU … benefits and losses of EMU accession may differ with regard to the different issue areas. To get to clear-cut recommendations …. -- Eu enlargement ; monetary integration ; economic integration ; EMU ; ERM 2 ; trade and FDI ; financial markets ; fiscal …

Persistent link: https://www.econbiz.de/10003968901

Perspectives on economic policy in the Economic and Monetary Union

Arestis, Philip; Sawyer, Malcolm C. - In: European integration in crisis, (pp. 331-352). 2007

Persistent link: https://www.econbiz.de/10003572015

Stability of Monetary union with outsiders

Akiba, Hiroya - In: Global economic review 44 (2015) 2, pp. 151-166

Persistent link: https://www.econbiz.de/10011345071

Real exchange rate adjustment, wage-setting institutions, and fiscal stabilization policy : lessons of the eurozone's first decade

Carlin, Wendy - In: CESifo economic studies : CESifo, a joint initiative of … 59 (2013) 3, pp. 489-519

In terms of macroeconomic performance, the Eurozone’s first decade is a story of successful inflation-targeting by the ECB for the common currency area as a whole combined with the persistence of real exchange rate and current account disequilibria at member country level. According to the...

Persistent link: https://www.econbiz.de/10009793391

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