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During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations … empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over … view that towards the end of 2000, the euro was significantly undervalued ...<BR><P>Pendant les deux premières années de l …
Persistent link: https://www.econbiz.de/10005045928
The article looks at the disparity of views among experts regarding the growth of the “Euro-dollar market … is the idea that Euro-dollar deposits are the result of multiple creation of credit by banks in a system of only … with banks in Europe. Some see the source of Euro-dollars in the deficit of the balance of payments of the United States …
Persistent link: https://www.econbiz.de/10010854320
Seit seiner Einführung am 1. Januar 1999 hat der Euro über ein Viertel seines Außenwertes verloren. Nachdem alle auf …, hat die These, dass die Schwäche darauf beruht, dass es bisher nur einen virtuellen Euro gibt, an Glaubwürdigkeit gewonnen … Finance« zu erklären. Aus der Sicht dieser Theorie könnte die Bargeldeinführung zum Vorteil des Euro ausschlagen, aber mit …
Persistent link: https://www.econbiz.de/10005014429
Pendant les premieres annees de l'union monetaire, la faiblesse de l'euro a surpris la plupart des observateurs. Les …
Persistent link: https://www.econbiz.de/10005022485
French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …
Persistent link: https://www.econbiz.de/10005260329
Not since the Great Depression have monetary policy matters and institutions weighed so heavily in commercial, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else has counted for little more than noise on a relative...
Persistent link: https://www.econbiz.de/10009652087
The introduction of the euro in 1999 is without any doubt one of the great achievements in the European integration … crisis there was a general perception that the euro zone was a great success. In 2008 the European Commission issued a report … (euro@10; European Commission, 2008) that was unqualified in its praise about the achievements of the euro zone. Then came …
Persistent link: https://www.econbiz.de/10009364191
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … austerity have made the situation worse by adding a growth crisis to the potpourri of internal stresses that threaten the euro …
Persistent link: https://www.econbiz.de/10010548312
consequences generated by the transition to Euro upon these countries. The major consequences for the countries wishing to access …
Persistent link: https://www.econbiz.de/10010550614
team that has been dealing for several years with the adoption of the euro by the new member states of the European Union … (EU). The recent financial crisis brought in the middle of many assessments the question of the euro credibility and its … euro, talking about a crisis of the single currency and the fear that this project will vanish exactly after ten years of …
Persistent link: https://www.econbiz.de/10009277808