Showing 1 - 10 of 23,956
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a …
Persistent link: https://www.econbiz.de/10009391856
the Eurozone, TARGET2 (Trans-European Automated Real-Time Gross Settlement Express Transfer). They criticize it under … Eurozone countries, thereby putting deficit countries in a prominent position in terms of money creation within the Eurozone … has thoroughly contributed to allow the Eurozone to surmount the financial and commercial imbalances that threatened to …
Persistent link: https://www.econbiz.de/10011187097
quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …
Persistent link: https://www.econbiz.de/10010625526
The Argentine economy has grown 94 percent for the years 2002-2011, using International Monetary Fund projections for the end of this year. This is the fastest growth in the Western Hemisphere for this period, and among the highest growth rates in the world. It also compares favorably to...
Persistent link: https://www.econbiz.de/10009359466
economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …
Persistent link: https://www.econbiz.de/10011065621
Motivated the European debt crisis, we construct a tractable theory of sovereign debt and structural reforms under limited commitment. The government of a sovereign country which has fallen into a recession of an uncertain duration issues one-period debt and can renege on its obligations by...
Persistent link: https://www.econbiz.de/10011276380
a Single Global Currency managed by a Global Central Bank within a Global Monetary Union: - Annual transaction costs of … current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining … than three: one The world needs to set the goal of a Single Global Currency, to be managed by a Global Central Bank, within …
Persistent link: https://www.econbiz.de/10005621973
The current account has always been a neglected variable in the management of the Euro area and in the assessment of … deficits. It then examines some peculiar features of the growth experience under monetary union in four Euro area countries …
Persistent link: https://www.econbiz.de/10008642891
maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in … centrifugal forces become that ultimately might break up the single currency. Instead of a fiscal union, a euro … in the short run. These funds would not rescue banks but they would kick in as soon as a bank's equity is depleted in …
Persistent link: https://www.econbiz.de/10010886947
Joachim Weeber, Nordakademie, Hochschule der Wirtschaft, Elmshorn, erläutert hier, warum er die Erwartungen an die Bankenunion als Instanz zur Vermeidung zukünftiger Systemkrisen als deutlich zu hoch ansieht. Ziel müsse vielmehr die Einrichtung einer Bankenaufsicht als supranationale...
Persistent link: https://www.econbiz.de/10010948772