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Dirk Meyer, Helmut-Schmidt-Universität, Hamburg, stellt ein Konzept nationaler Parallelwährungen für die Eurozone vor … Wechselkursanpassungen und Zugriff auf eine eigenständige Geldpolitik zu lösen. …
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We offer a detailed empirical investigation of the European sovereign debt crisis based on the theoretical model by Arghyrou and Tsoukalas (2010). We find evidence of a marked shift in market pricing behaviour from a 'convergence-trade' model before August 2007 to one driven by...
Persistent link: https://www.econbiz.de/10010288788
This article, originally published at www.roubini.com on 7 February 2010, spells out our two-currency EMU proposal as a plan of last resort for resolving the present EMU sovereign-debt crisis. The key ingredients of our proposal involve a temporary split of the euro into two currencies, both run...
Persistent link: https://www.econbiz.de/10010288801
This paper argues that the loose monetary policy of two of the world's most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 - 05...
Persistent link: https://www.econbiz.de/10011551454
, focusing in particular on the five countries in the South-West Eurozone Periphery (Greece, Ireland, Italy, Portugal, and Spain … emergence of TED spread as a key pricing factor. However, risk-pricing of the South-West Eurozone Periphery countries is not …. We find that Eurozone periphery default risk is priced much higher than the matched countries in 2010, even allowing for …
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Nach einem Vorschlag von Wolfgang Schäuble soll der EU-Währungskommissar stärker Einfluss auf die Haushalte der Euromitgliedstaaten nehmen. Ein politisch unabhängiger, ausschließlich auf die Haushaltspolitik fokussierter EU-Währungskommissar könnte nach Ansicht von Thomas Straubhaar,...
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