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What Europe Needs to Be European
Pini, Paolo - Dipartimento di Economia e Management, Università … - 2013
The way forward for Italy, within a Europe that has to change. A Europe that is too economics-minded and not …
Persistent link: https://www.econbiz.de/10010901856
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The Euro: A "MUST" for small European states?
Ohr, Renate; Özalbayrak, Mehmet - Center for European, Governance and Economic … - 2012
This paper deals with the question of what impact membership of the European Monetary Union (EMU) has had on small European states. We will also analyze whether or to what extent a large number of small member states affect the EMU itself when they vastly outnumber the large countries. We...
Persistent link: https://www.econbiz.de/10010980762
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Maastricht e o Gerenciamento da União Monetária Europeia
Gontijo, Cláudio - Centro de Desenvolvimento e Planejamento Regional … - 2013
This article shows that, to a large extent, the European sovereign debt crisis resulted from the institutional arrangement of Maastricht, as well as the policies pursued by the European leadership, formatted from the "new macroeconomic consensus" and the theory of optimal economic area. In...
Persistent link: https://www.econbiz.de/10010858842
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John Maynard Keynes: Is That you Knocking on the Door?
Kowalski, Tadeusz; Shachmurove, Yochanan - Zakład Ekonometrii Stosowanej, Szkoła Główna … - 2011
This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...
Persistent link: https://www.econbiz.de/10009293018
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The Single Global Currency - Common Cents for Business
Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2007
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular...
Persistent link: https://www.econbiz.de/10005836848
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The Macroeconomic Costs and Benefits of the EMU and other Monetary Unions: An Overview of Recent Research
Beetsma, Roel; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2009
. We are primarily interested in Europe’s monetary union. Given that unification entails the loss of a policy instrument … discussion of monetary unification outside Europe. The cost-benefit trade-off of unification may differ substantially between …
Persistent link: https://www.econbiz.de/10008477181
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The Single Global Currency - Common Cents for Commerce
Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2008
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...
Persistent link: https://www.econbiz.de/10005617198
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Economic and Political Challenges of Acceding to the Euro Zone Area: the Case of Poland
Wozniak, Przemyslaw - CASE-Center for Social and Economic Research - 2010
The paper examines economic and political challenges of joining the euro area in the case of Poland. After reviewing … the economic developments since the pre-accession period and assessing economic convergence with the euro area the paper … focuses on the political and institutional challenges of acceding to the euro zone. Special attention is given to the effect …
Persistent link: https://www.econbiz.de/10010625521
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An Historical Walk Through Recent Financial Crises
Kowalski, Tadeusz; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2011
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10009145755
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Is the Euro Sustainable?
Wickens, Michael R. - C.E.P.R. Discussion Papers - 2007
It is widely recognised that the "one-size-fits-all" monetary policy of the euro-zone is a potential problem. How much … of a problem has not been much investigated. It is argued in this paper that it may result in the euro not being … competitiveness. A formal theory of inflation in the euro-zone based on an open-economy version of the New Keynesian model is used to …
Persistent link: https://www.econbiz.de/10005789110