Showing 1 - 10 of 1,594
This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro’s influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro’s influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …
Persistent link: https://www.econbiz.de/10011604987
currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … integration, the euro?s impact on trade disappears. Moreover, a significant part of the trend in European trade integration is …
Persistent link: https://www.econbiz.de/10010296364
respect to exposures in dollar and euro, given Denmark's fixed exchange rate against the euro. Additionally, we find a …
Persistent link: https://www.econbiz.de/10014564104
While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...
Persistent link: https://www.econbiz.de/10014334701
Die Europäische Währungsunion besteht mittlerweile seit acht Jahren, und der Euro erweist sich derzeit als stabile … Währung? Wird der Euro zur Konkurrenz für den Dollar? …
Persistent link: https://www.econbiz.de/10010303587
Der Beitrag analysiert die inner-europäischen Leistungsbilanzungleichgewichte auf der Grundlage der Theorie der optimalen Währungsräume. Wir zeigen, dass die deutsche Wiedervereinigung nicht nur zur EWS-Krise 1992/93 führte, sondern auch der Ursprung der derzeitigen europäischen...
Persistent link: https://www.econbiz.de/10010305581
Der vorliegende Beitrag führt einen Vergleich zwischen der bisher dominierenden Finanzierung von Schuldnerstaaten auf der einen Seite und der Insolvenz solcher Länder, verbunden mit einer Rekapitalisierung der Banken, auf der anderen Seite durch. Hierzu werden die mit den beiden Strategien...
Persistent link: https://www.econbiz.de/10010307239
This paper presents an updated meta-analysis of the effect of currency unions on trade, focusing on the Euro area … underlying effect for non-Euro studies reaches about 50%. However, the Euro's trade promoting effect corrected for publication …
Persistent link: https://www.econbiz.de/10010322281
, however, is a gradual process subject to structural breaks, typically falling close to the launch of the euro. Our ?ndings … joining the euro. …
Persistent link: https://www.econbiz.de/10010322794
The article discusses possible implications of European Monetary Union (EMU) on member states' budget policies. It predicts that the non-bail-out clause will not work.
Persistent link: https://www.econbiz.de/10010332923