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' bursts, sovereign debt defaults, and currency crisis were also contributing factors to the crisis. The convergence of …
Persistent link: https://www.econbiz.de/10010669161
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. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the … convergence of the interest rates with the full term structure of interest rates with both univariate and multivariate inference …
Persistent link: https://www.econbiz.de/10008755247
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This article compares today's euro-zone debt crisis, in terms of economic diplomacy, with the earlier crisis in Latin … total failure to reconcile tensions in the euro-zone crisis. Growing imbalances between debtors and creditors led to serious … loss of confidence. Early mistakes over Greece fed contagion throughout the euro-zone. No institution acted as neutral …
Persistent link: https://www.econbiz.de/10010670162
the Eurozone. Specifically, the tightening of fiscal rules is not adequate, the reform does not constitute a step forward …
Persistent link: https://www.econbiz.de/10011130289
In this paper, we present euro area money demand functions estimated for the sample period ranging from January 1994 to November 2010 with total and partial time-varying coefficients accounting for two structural changes. For this purpose, we make use of two different procedures viz. the Lee and...
Persistent link: https://www.econbiz.de/10010816794
Over the past decade two transformations have changed the landscape of Europe: the European Union and the transition in East European countries. Countries like Estonia, Hungary, and Poland have become “converging†countries more than emerging countries. Their experience offers insight...
Persistent link: https://www.econbiz.de/10005715060
In our analysis, we examine the convergence of all recent ten European Union (EU) members to EU standards. Novel … features of the paper include more complete measures of convergence, in particular fiscal convergence; a broader examination of … inflation convergence with respect to the Maastricht benchmark as well as the European Central Bank’s inflation objective; and …
Persistent link: https://www.econbiz.de/10010842907
economic and financial diplomacy can contribute to these countries' economic integration with the eurozone and the EU27 in …
Persistent link: https://www.econbiz.de/10011130269