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, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for … within the euro area; a surplus of a country in a bilateral trade relationship is typically accompanied by a country …
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the Euro -- Chapter 4: Crisis and Public Support for the Euro, 1990-2014 -- Chapter 5: Political Economy of EMU …The long-term sustainability of the euro and the Economic and Monetary Union (EMU) depends heavily on their ability to … his research on public support for and the economics and the political economy of the euro and EMU. . …
Persistent link: https://www.econbiz.de/10013040878
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This paper documents that cross-border investment income flows are important for explaining current account balances in major economies. Those investment incomes reflect returns on cross-border asset holdings and on balance often reach magnitudes around 5% of major economies' gross domestic...
Persistent link: https://www.econbiz.de/10014515875
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
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The creation of the European Monetary Union (EMU) created the conditions for increased trade and economic growth for … the member countries. The initial hypothesis regarding the impact of euro launch in terms of Foreign Direct Investment … a model explaining the intra-EMU FDI position of various EMU countries on the basis of their location advantages during …
Persistent link: https://www.econbiz.de/10011279846
-euro area assets/liabilities, before stage 3 of EMU. A number of key factors determining the currency distribution of … a special emphasis on the first year of the euro. A contribution is made as to how to measure these roles, both for … identification of changes in the role of the euro during 1999 compared to the aggregate of euro predecessor currencies, net of intra …
Persistent link: https://www.econbiz.de/10009767695
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