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A new approach to measuring competition in the loan markets of the euro area
van Leuvensteijn, Michiel; Bikker, Jacob A.; van … - 2007
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10011604814
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The role of financial markets and innovation in productivity and growth in Europe
Hartmann, Philipp; Heider, Florian; Papaioannou, Elias; … - 2007
The extended period of limited growth experienced until recently in many European countries raises the issue as to which policies could be most effective in improving their economic performance. This paper argues that further financial sector reforms may be a valuable complement to ongoing...
Persistent link: https://www.econbiz.de/10011606224
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Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?
Hallett, Andrew Hughes; Jensen, Svend E Hougaard; … - 2004
This paper studies the incentives to join or enlarge a monetary union under alternative assumptions about the extent of market reform within the union and in candidate countries. Lack of labour mobility, wage/price flexibility or fiscal reform brings costs for both new entrants and in the...
Persistent link: https://www.econbiz.de/10011689914
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Public wages in the euro area - towards securing stability and competitiveness
Holm-Hadulla, Fédéric; Kamath, Kishore; Lamo, Ana; … - 2010
This paper examines the role of government wages in ensuring macroeconomic stability and competitiveness in the euro area. Recent empirical evidence suggests that government wage expenditure is subject to a pro-cyclical bias in most euro area countries and at the euro area aggregate level....
Persistent link: https://www.econbiz.de/10011606264
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Towards a progressive EMU fiscal governance
Álvarez Peralta, Nacho; Feigl, Georg; Koratzanis, Nasos; … - 2019
The fiscal governance of the EMU is in dire need of reform. Its current arrangements suff er from several shortcomings, most notably, the limitations they impose on national fiscal policies, steering them towards too restrictive or pro-cyclical stances; the absence of an unconditional lender of...
Persistent link: https://www.econbiz.de/10014565890
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Convergence in GDP per Capita in the Euro Area and the EU at the Time of COVID-19
Licchetta, Mirko; Mattozzi, Giovanni - In: Intereconomics 58 (2023) 1, pp. 43-51
This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...
Persistent link: https://www.econbiz.de/10014334683
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The accidental redistribution of seignorage wealth in the Eurosystem
Sinn, Hans-Werner; Feist, Holger - In: CESifo Forum 01 (2000) 3, pp. 27-29
Persistent link: https://www.econbiz.de/10011695630
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Europäische Union ohne Grenzen?
Ohr, Renate (contributor) - 2007
Anfang dieses Jahrzehnts schien der künftige Weg der Europäischen Union vorgezeichnet: Der Erweiterungsprozess sollte fortgesetzt werden, und der Vertiefungsprozess sollte in eine gemeinsame Verfassung münden. Mittlerweile tritt wieder etwas stärkere Skepsis zutage - sowohl gegenüber einem...
Persistent link: https://www.econbiz.de/10014493196
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Structural reforms and macroeconomic performance in the euro area countries: a model-based assessment
Gomes, Sandra; Jacquinot, Pascal; Mohr, Matthias; … - 2011
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...
Persistent link: https://www.econbiz.de/10011605369