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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 …
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Since the introduction of the euro in January 1999, exchange rate stability in the periphery of the euro area is …
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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
Die Macroeconomic Imbalance Procedure (MIP) ist Bestandteil des Regelwerks, das am 13. Dezember 2011 als sogenanntes "Sixpack" in Reaktion auf die europäische Finanz- und Schuldenkrise in Kraft trat. Die Krise hat gezeigt, dass interne und externe Ungleichgewichte eng miteinander verwoben sind....
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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...
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