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Assessing the advantages of EMU-enlargement for the EU and the accession countries : a comparative indicator approach
Schweickert, Rainer - 2001
The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the...
Persistent link: https://www.econbiz.de/10011490871
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Economic stability and choice of exchange rate regimes
Kaji, Sahoko - 2013
introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …The purpose of this paper is to emphasize the importance of Europe’s structural problems and governance as the cause of … the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the …
Persistent link: https://www.econbiz.de/10009706243
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Economic Stability and Choice of Exchange Rate Regimes
Kaji, Sahoko - 2013
This paper emphasizes the importance of Europe's structural problems and governance as the cause of the current euro … single currency and economic stability in Europe. We confirm the asymmetries that remained after the introduction of the euro … area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the euro. Many members …
Persistent link: https://www.econbiz.de/10013086504
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The Transition to Market-Based Monetary Policy : What Can China Learn from the European Experience?
Forssbæck, Jens - 2007
We discuss the prospects for Chinese money market development and transition to market-based monetary policy operations based on a comparative historical analysis of the present Chinese situation and the development in 11 European countries from 1979 up to the launch of European Economic and...
Persistent link: https://www.econbiz.de/10012776151
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An Estimated DSGE Model of Austria, the Euro Area and the U.S. : Some Welfare Implications of EMU
Breuss, Fritz; Fornero, Jorge - 2009
. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …
Persistent link: https://www.econbiz.de/10011373510
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The relative importance of symmetric and asymmetric shocks : the case of United Kingdom and euro area
Peersman, Gert - 2007
Persistent link: https://www.econbiz.de/10003511397
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Optimum currency areas and shock asymmetry : a comparison of Europe and the United States
Chamie, Nick; De Serres, Alain; Lalonde, René - 1994
Persistent link: https://www.econbiz.de/10000886426
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Role of regulatory governance in financial stability : a comparison of high and low income countries
Ullah, Saif; Hussain, Sayed Irshad; Agha Amad Nabi; … - In: Journal of central banking theory and practice 11 (2022) 1, pp. 207-226
This study explores the effect of regulatory governance on financial stability using cross-sectional data from 55 countries. The findings show that regulatory governance and various subcomponents of regulatory governance are positively correlated with financial stability in the selected...
Persistent link: https://www.econbiz.de/10012806000
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Fear of Sudden Stops : Lessons from Australia and Chile
Caballero, Ricardo J.; Cowan, Kevin; Kearns, Jonathan - 2004
Latin American economies are exposed to substantial external vulnerability. Domestic imbalances and terms of trade shocks are often exacerbated by sudden stops of capital inflow. In this paper we explore ways of overcoming external vulnerability, drawing lessons from a detailed comparison of the...
Persistent link: https://www.econbiz.de/10014071653
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Lessons of the European crisis for regional monetary and financial integration in East Asia
Volz, Ulrich - 2012
The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a breakup of the euro area. Indeed, the crisis has highlighted the …
Persistent link: https://www.econbiz.de/10009492387