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The Political Economy of a Diverse Monetary Union
Perotti, Enrico; Soons, Oscar - 2020
We analyze the political economy of monetary unification among countries with different quality of institutions. Countries with stronger institutions have lower public spending and better productive incentives, even under a stronger currency. Governments under weaker institutions spend more and...
Persistent link: https://www.econbiz.de/10012427145
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The Political Economy of a Diverse Monetary Union
Perotti, Enrico; Soons, Oscar - 2020
We analyze the political economy of monetary unification among countries with different quality of institutions. Countries with stronger institutions have lower public spending and better investment incentives, even under a stronger currency. Governments under weaker institutions spend more so...
Persistent link: https://www.econbiz.de/10012290549
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Public Support for the Euro and Trust in the ECB: The first two decades of the common currency
Roth, Felix; Jonung, Lars - 2019
This paper examines the evolution of public support for the euro since its introduction as a virtual currency in 1999, using a unique set of data not available for any other currency. We focus on the role of economic factors in determining the popularity of the euro. We find that a majority of...
Persistent link: https://www.econbiz.de/10011984438
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After 25 years as faithful members of the EU. Public support for the euro and trust in the ECB in Austria, Finland and Sweden
Roth, Felix; Jonung, Lars - 2020
Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century. Support for the euro in the two euroarea members...
Persistent link: https://www.econbiz.de/10012268758
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Public Support for the Euro and Trust in the ECB. The First Two Decades of the Common Currency
Roth, Felix; Jonung, Lars - 2019
This chapter examines the evolution of public support for the euro and public trust in the European Central Bank (ECB) during the new currency's first two decades. Using a unique set of opinion poll data that is not available for any other currency, we find that a majority of citizens in every...
Persistent link: https://www.econbiz.de/10013208851
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After 25 Years as Faithful Members of the EU. Public Support for the Euro and Trust in the ECB in Austria, Finland and Sweden
Roth, Felix; Jonung, Lars - 2020
Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century. Support for the euro in the two euro-area members...
Persistent link: https://www.econbiz.de/10013208882
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Private money and money market integration: The role of payments infrastructure in 19th century Switzerland
Kaufmann, Daniel; Stuart, Rebecca - 2024
Using newly collected discount rate data for six Swiss cities, we find no evidence of increasing integration during a 30-year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to protect their local monopolies, and the inherent instability...
Persistent link: https://www.econbiz.de/10015072813
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Private money and money market integration: The role of payments infrastructure in 19th century Switzerland
Kaufmann, Daniel; Stuart, Rebecca - 2024
Using newly collected discount rate data for six Swiss cities, we find no evidence of increasing integration during a 30-year period of lightly regulated free banking. We attribute this to two structural issues: banks had incentives to protect their local monopolies, and the inherent instability...
Persistent link: https://www.econbiz.de/10015063411
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The Euro Crisis and Economic Growth: A Novel Counterfactual Approach
Terzi, Alessio - 2019
warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone’s specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …
Persistent link: https://www.econbiz.de/10012052852
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The Collateral Policy of Central Banks - An Analysis Focusing on the Eurosystem
Weber, Christopher - 2016
This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...
Persistent link: https://www.econbiz.de/10011698362