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Fiscal divergence and current account imbalances in Europe
Schnabl, Gunther; Wollmershäuser, Timo - 2013
Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and … Northern European countries, in particular Germany, have tended to be in surplus. The paper scrutinizes the role of diverging … arrangements (floating exchange rates, European Monetary System, and European Monetary Union). It sheds light on the interaction of …
Persistent link: https://www.econbiz.de/10009702880
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Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume
Schnabl, Gunther; Zemanek, Holger - 2011
der Ursprung der derzeitigen europäischen Schuldenkrise ist. Ein reduzierter deutscher Leistungsbilanzüberschuss würde das …
Persistent link: https://www.econbiz.de/10009152176
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Short-term and long-term growth effects of exchange rate adjustment
Kočenda, Evžen; Maurel, Mathilde; Schnabl, Gunther - 2012 - Version: 22 November 2012
The European sovereign debt crisis revived the discussion concerning the pros and cons of exchange rate adjustment in … ; sterilization ; European sovereign debt crisis …
Persistent link: https://www.econbiz.de/10009683152
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Regional Heterogeneity, the Rise of Public Debt and Monetary Policy in Post-Bubble Japan : Lessons for the EMU
Fischer, Raphael - 2016
Both Japan and parts of the European Monetary Union have experienced boom and bust in stock and real estate markets …
Persistent link: https://www.econbiz.de/10012988893
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Monetary integration, fiscal divergence and current account imbalances in Europe
Schnabl, Gunther - In: The Economists' voice 15 (2018) 1, pp. 1-16
Persistent link: https://www.econbiz.de/10011964895
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Regional heterogeneity, the rise of public debt and monetary policy in post-bubble Japan : lessons for the EMU
Fischer, Raphael; Schnabl, Gunther - In: International economics and economic policy : IEEP 15 (2018) 2, pp. 405-428
Persistent link: https://www.econbiz.de/10011955300
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Die japanischen Lehren für die europäische Krise
Schnabl, Gunther - In: Zeitschrift für Wirtschaftspolitik 62 (2013) 1, pp. 3-22
Persistent link: https://www.econbiz.de/10009741326
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Die japanischen Lehren für die europäische Krise
Schnabl, Gunther - 2011
Japan hat nicht nur 15 Jahre vor Europa einen Boom-und-Krisen-Zyklus durchschritten, sondern auch wichtige Erfahrungen mit Krisentherapien in Form von monetärer Lockerung, expansiver Finanzpolitik und Rekapitalisierung von Finanzinstituten gemacht. Japan hat die Nullzinsgrenze bereits 1999...
Persistent link: https://www.econbiz.de/10009656349
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Current account imbalances and structural adjustment in the euro area: how to rebalance competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003936156
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Current account imbalances and structural adjustment in the euro area : how to rebalance competitiveness?
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10010206356