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Dietrich Murswiek, Universität Freiburg, analysiert in seinem Kommentar die Maßnahmen zur »Euro-Rettung« unter …
Persistent link: https://www.econbiz.de/10010667409
Am 10. Juli 2012 verhandelte das Bundesverfassungsgericht über den ESM und den Fiskalpakt. Hans-Werner Sinn wurde von dem Gericht als Gutachter bei der Anhörung geladen. Dabei wurde dieser Text in gekürzter Form frei vorgetragen.
Persistent link: https://www.econbiz.de/10010570347
The introduction of the euro in 1999 is without any doubt one of the great achievements in the European integration … crisis there was a general perception that the euro zone was a great success. In 2008 the European Commission issued a report … (euro@10; European Commission, 2008) that was unqualified in its praise about the achievements of the euro zone. Then came …
Persistent link: https://www.econbiz.de/10009364191
The size and economic relevance of Europe may imply a new role for the EURO in the international financial markets. But … will the EURO compete with the $US and the Yen for a place in the basket of international currencies? Will that induce a … run trend of the EURO depends on the economic performance of the partner countries as well as on the properties of the new …
Persistent link: https://www.econbiz.de/10005662141
*The European Union will enter Stage Three of Economic and Monetary Union (EMU) in 1999. The development of euro … financial markets and thickness externalities in the use of the euro as means of payment will be the major factors determining … the importance of the euro as an international currency. As euro securities markets become deeper and more liquid and …
Persistent link: https://www.econbiz.de/10005662175
The article analyzes and summarizes several considerations the impact the introduction of the euro had on derivatives …-term interest-rate derivatives it was the German Bund; and among euro indexes are dominant Stoxx indices. Moreover, the trade in …
Persistent link: https://www.econbiz.de/10008549721
of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …
Persistent link: https://www.econbiz.de/10010675910
The value of pension promises already made by US state governments will grow to approximately $7.9 trillion in 15 years. We study investment strategies of state pension plans and estimate the distribution of future funding outcomes. We conservatively predict a 50% chance of aggregate...
Persistent link: https://www.econbiz.de/10012723821
From 1970 to 1985, Israel experienced high inflation. It rose in three jumps to new plateaus and eventually exceeded 400% per annum. This paper claims that anticipated monetary and fiscal effects of a massive government bailout of owners of fallen bank shares caused the last big jump in...
Persistent link: https://www.econbiz.de/10012724983
This paper develops an open economy intertemporal optimising model that seeks to analyse the effect of bill financed government expenditure on several key financial markets. The main results suggest that an increase in bill financed government expenditure leads to a rise in net international...
Persistent link: https://www.econbiz.de/10012726853