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New Money Versus Old Money for Europe: The Provision of Credit Enhancements Through a Collateral Fund
Gumbau-Brisa, Fabià; Mann, Catherine L. - In: CESifo DICE Report 11 (2013) 3, pp. 21-27
Persistent link: https://www.econbiz.de/10010795339
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Eurozone Crisis
Loužek, Marek - In: Prague Economic Papers 2015 (2015) 1, pp. 88-104
The purpose of the paper is to analyse the current crisis of the eurozone. The first part explains why the eurozone is … examines the Greek crisis. The fourth part explains the inner tensions in the eurozone. The fifth part asks whether euro is … suitable for the countries of Central and East Europe. The sixth part examines the debt crisis within the eurozone. …
Persistent link: https://www.econbiz.de/10011213846
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The political economy of the Euro crisis: Cognitive biases, faulty mental models, and time inconsistency
Willett, Thomas D.; Srisorn, Nancy - In: Journal of Economics and Business 76 (2014) C, pp. 39-54
This paper discusses a number of major factors that led to the euro crisis and the failure of officials to deal with it effectively. It is argued that a good deal of these deficiencies in policy can be explained by a combination of faulty mental models, time-inconsistency problems, and cognitive...
Persistent link: https://www.econbiz.de/10011118217
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The Evolution of Euro Area Sovereign Debt Contract Terms: A Preliminary Examination
Gulati, Mitu - In: CESifo DICE Report 11 (2013) 3, pp. 03-09
Persistent link: https://www.econbiz.de/10010877623
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The European debt crisis and the US economy
Sheehan, Patrick - In: International Journal of Economics and Accounting 4 (2013) 3, pp. 235-248
stemmed from the fiscal solvency of Greece and other Eurozone nations. As a result, many economists are uncertain about the … future of the Eurozone and the contagion effect it could have on many developed and developing economies. Being strongly …
Persistent link: https://www.econbiz.de/10010686184
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Modelling euro area money demand and forecasting inflation in a time-varying environment
Czudaj, Robert - In: International Journal of Monetary Economics and Finance 5 (2012) 3, pp. 244-267
In this paper, we present euro area money demand functions estimated for the sample period ranging from January 1994 to November 2010 with total and partial time-varying coefficients accounting for two structural changes. For this purpose, we make use of two different procedures viz. the Lee and...
Persistent link: https://www.econbiz.de/10010816794
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Reforming the architecture of EMU: Ensuring stability in Europe
Haan, Jakob de; Hessel, Jeroen; Gilbert, Niels - de Nederlandsche Bank - 2014
This paper analyses the reforms in the architecture of EMU since the eruption of the euro crisis in 2010. We describe major weaknesses in the original set-up of EMU, such as lack of fiscal discipline, diverging financial cycles and competitiveness positions, and a lack of crisis instruments....
Persistent link: https://www.econbiz.de/10010945595
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Inter-Temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union
Schnabl, Gunther; Zemanek, Holger - Verein für Socialpolitik - VfS - 2011
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...
Persistent link: https://www.econbiz.de/10010957294
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Inter-temporal Savings, Current Account Dynamics and Asymmetric Shocks in a Heterogeneous European Monetary Union
Schnabl, Gunther; Zemanek, Holger - CESifo - 2010
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current account imbalances have gained rising attention. Whereas Greece and Ireland struggle for austerity in private and public spending, Germany is urged to reduce its current account...
Persistent link: https://www.econbiz.de/10008833919
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Monetary policy and the twin crises
Lothian, James R. - In: Journal of International Money and Finance 49 (2014) PB, pp. 197-210
After presenting a brief overview of the recent financial crisis and the European debt crisis that followed in its wake, this paper goes on discuss monetary policy in the United States, the United Kingdom and the Euro bloc prior to and during the course of the two crises. The paper presents...
Persistent link: https://www.econbiz.de/10011077110