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Das Kernelement der Europäischen Integration, der „Binnenmarkt“, feiert heuer das 20-jährige Bestehen. Österreich hat seit dem Beitritt zur EU im Jahr 1995 an allen vertiefenden Schritten der EU-Integration teilgenommen. Nicht nur politisch ist Österreich durch die EU-Mitgliedschaft...
Persistent link: https://www.econbiz.de/10010856821
The G20 summits in 2009 have proposed major changes in governance of the International Monetary Fund (IMF). Most important seems to be the acknowledgment that the IMF in its current form lacks legitimacy and ownership. Accordingly, the G20 suggests a reallocation of voting shares to emerging and...
Persistent link: https://www.econbiz.de/10008516768
In our current time the idea of a global currency seems to be pathbreaking. However, the introduction of such a currency requires a uniform governance which implicates that countries lose national autonomy. Presently, countries prefer national monetary policy and national financial regulation....
Persistent link: https://www.econbiz.de/10008527378
The external imbalances in Europe have led the Europzone into a crisis. Out of three goals in international monetary policy, only two can be realized at the same time. By joining a monetary union a country has implicitly decided about these two goals. In order to stay competitive, wages and...
Persistent link: https://www.econbiz.de/10008529219
Early warning systems (EWSs) are subject to restrictions that apply to exchange rates in general: fundamentals matter but their influence is small and unstable. Despite this limitation four major lessons emerge: First, EWSs have robust forecasting power and thus help policy-makers to prevent...
Persistent link: https://www.econbiz.de/10005138914
Persistent link: https://www.econbiz.de/10010739339
mastered this test. The introduction of the Euro, however, has brought to light the latent weaknesses in competitiveness of … some member states of the Euro area, consisting up to now mostly of old EU member states. Shortly after the EU enlargement … in 2004 and 2007 Cyprus, Malta, Slovakia and Slovenia introduced the Euro. Out of 27 EU member states already 16 …
Persistent link: https://www.econbiz.de/10005042067
Persistent link: https://www.econbiz.de/10010741302
Mit einem umfassenden und in der Öffentlichkeit höchst umstrittenen Handels- und Investitionsabkommen (TTIP) wollen die EU und die USA die größte Freihandelszone der Welt errichten und damit Wachstum und Beschäftigung stimulieren. Zwar prognostizieren alle bisherigen TTIP-Studien positive...
Persistent link: https://www.econbiz.de/10011133732
unevenly distributed over the participants ?? on the other hand, the internal (inflation) and external (value of the Euro vis …), whereas the "soft-currency" group has to carry the adjustment costs to a regime of fixed exchange rates (Euro) which results … ("soft-currency" countries). If the EMU will start with a large group there will be a tendency to devalue the Euro against …
Persistent link: https://www.econbiz.de/10009483202