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Persistent link: https://www.econbiz.de/10012803290
euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels … of euro area central banks are identified. It is found that differing fiscal policy stances which have interacted … the euro area. Since the European financial and debt crisis, public financing mechanisms and the unconventional monetary …
Persistent link: https://www.econbiz.de/10012550195
Since the introduction of the euro in January 1999, exchange rate stability in the periphery of the euro area is …
Persistent link: https://www.econbiz.de/10012726782
Since the introduction of the euro in January 1999, exchange rate stability in the periphery of the euro area is …
Persistent link: https://www.econbiz.de/10012772396
Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …
Persistent link: https://www.econbiz.de/10012773503
Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …
Persistent link: https://www.econbiz.de/10003936156
Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …
Persistent link: https://www.econbiz.de/10010206356
The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...
Persistent link: https://www.econbiz.de/10011619626
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