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The EU's Open Strategic Autonomy from a central banking perspective: Challenges to the monetary policy landscape from a changing geopolitical environment
2023
Over the past decade, geopolitical developments - and the policy responses to these by major economies around the world - have challenged economic openness and the process of globalisation, with implications for the economic environment in which central banks operate. The return of war to Europe...
Persistent link: https://www.econbiz.de/10014374533
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What Really Ails the Eurozone?: Faulty Supranational Architecture
Razin, Assaf; Rosenfielde, Steven - In: Contemporary Economics 6 (2012) 4, pp. 10-18
The global financial crisis which erupted in the United States instantaneously swept across Europe. Like the United States, the European Monetary Union (EMU) was ripe for a crash. It had its own real estate bubble, specifically in Ireland and Spain, indulged in excessive deficit spending,...
Persistent link: https://www.econbiz.de/10010436007
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IMF surveillance and financial markets: A political economy analysis
Fratzscher, Marcel; Reynaud, Julien - 2010
The International Monetary Fund (IMF) is in the process of re-inventing itself with bilateral and multilateral … surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power … that member countries exert at the IMF. First, we analyze the content of Article IV Public Information Notices (PIN), and …
Persistent link: https://www.econbiz.de/10010270537
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The New International Architecture
Dornbusch, Rudi - 2002
In 1998 Rüdiger Dornbusch gave the Munich Lectures in Economics entitled "International Financial Crises". The CES Academic Council awarded him the prize and title "Distinguished CES Fellow" for his outstanding work on the monetary theory of foreign trade.Rüdiger Dornbusch passed away on July...
Persistent link: https://www.econbiz.de/10010315280
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The role of the IMF in the European debt crisis
Seitz, Franz; Jost, Thomas - 2012
This paper gives an overview of the role of the IMF in the European debt crisis. It describes the rescue packages and … the involvement of the IMF. The main part discusses the pros and cons of the participation of the IMF in elaborating and …
Persistent link: https://www.econbiz.de/10010308358
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Comportamiento de los precios reales de la tierra agrícola en la Argentina y en los Estados Unidos, 1960-2012
Lanteri, Luis N. - In: Atlantic Review of Economics 2 (2013)
The recent international financial crisis has highlighted the role of real asset prices in the macroeconomic fluctuations of advanced economies. This paper analyzes the effects of some external and domestic shocks in the real prices of agricultural land in Argentina economy and compared the...
Persistent link: https://www.econbiz.de/10011536950
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Robust determinants of OECD FDI in developing countries: Insights from Bayesian model averaging
Antonakakis, Nikolaos; Tondl, Gabriele - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-25
In this paper, we examine the determinants of outward FDI from four major OECD investors, namely, the US, Germany, France, and the Netherlands, to 129 developing countries classified under five regions over the period 1995-2008. Our goal is to distinguish whether the motivation for FDI differs...
Persistent link: https://www.econbiz.de/10011559178
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The Impact of Household Capital Income on Income Inequality: A Factor Decomposition Analysis for Great Britain, Germany and the USA
Fräßdorf, Anna; Grabka, Markus M.; Schwarze, Johannes - 2008
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...
Persistent link: https://www.econbiz.de/10011600750
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Monetary policy and the financial accelerator in a monetary union
Kempf, Hubert; Gilchrist, Simon; Hairault, Jean-Olivier - 2002
In this paper, we consider the effect of a monetary union in a model with a significant role for financial market imperfections. We do so by introducing a financial accelerator into a stochastic general equilibrium model of a two country economy. We show that financial market imperfections...
Persistent link: https://www.econbiz.de/10011604221
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Inequality in Asia: Convergence and determinants
De, Prabir Kumar; Halder, Imdadul Islam - 2016
Inequality in its different dimensions may undermine the growth process itself through a number of channels. In this paper we have investigated three major things. First, what is the present scenario of income inequality of the Asian countries? That is whether inequality in these countries is...
Persistent link: https://www.econbiz.de/10011607847