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the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …
Persistent link: https://www.econbiz.de/10009478178
ateityje įsivesti bendrąją ES valiutą – eurą ir aptariama Slovėnijos narystės euro zonoje nauda šaliai. … Lithuania in the future to introduce the common EU currency – euro are being estimated and benefit of the Slovenia membership in … the euro zone to the country is being discussed. …
Persistent link: https://www.econbiz.de/10009478632
European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … firmspecific.We also find that post-euro, Eurozone firms' exchange exposure is significantlygreater than that of non-Eurozone …Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone …
Persistent link: https://www.econbiz.de/10009475709
zona del euro, caracterizada por niveles de endeudamiento públicos y privados elevados, que se acompañan de problemas de … resolution of the crisis in Eurozone countries crippled by both public and private debt, and beset by growth and competitiveness …
Persistent link: https://www.econbiz.de/10012529584
The approach is based on the finding that new generations of currency crises theories always had developed ex post after popular currency crises. Discussing the main theories of currency crises shows their disparity: The First Generation of currency crises models argues based on the assumption...
Persistent link: https://www.econbiz.de/10009433694
para un conjunto de economías seleccionadas de la zona del euro. Para ello se emplea un panel de datos de países para el …
Persistent link: https://www.econbiz.de/10012530574
entry to the euro. We derive conditional probability distributions for the difference between the future realisations of …, Pesaran and Smith (2005). The paper briefly describes the GVAR which has been estimated for 25 countries and the euro area … euro area as a result of entry. It examines the sensitivity of these results to a variety of assumptions about UK entry. …
Persistent link: https://www.econbiz.de/10009442008
after the introduction of the euro for the EMU countries asopposed to the non-EMU countries. I do not obtain strong evidence … supporting PPP forthe EMU countries since the euro adoption, but the faster mean reversion I observe inthe few EMU countries …) countriesthat adopted the euro, and 3 non-EMU countries] from 1993 to 2002 using a dynamicpanel data model. My main contributions to …
Persistent link: https://www.econbiz.de/10009465029
This thesis examines exchange rate exposure of 30 U.S. industries between 1974 and 2008 using traditional and orthogonalized linear models. Similar to the literature, when using traditional linear model we find that exposure is very time dependent and often insignificant. However, we discover...
Persistent link: https://www.econbiz.de/10009475845
This paper reviews recent work on macroeconomic management with varying organization of wage/price bargaining and degrees of credible monetary conservatism. The emerging literature synthesizes and extends theory and empirics on central bank independence (CBI) and coordinated wage/price...
Persistent link: https://www.econbiz.de/10009476726