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On January 14 2000, the Commission sued the ECB on grounds of infringement of a regulation which concerns the investigations conducted by the European Anti-Fraud Office. This, for the time being, is the culminating point in the controversy between the Commission and the ECB, which reflects the...
Persistent link: https://www.econbiz.de/10004969267
We test for real interest rate convergence in the EU25 area. Our contribution is twofold: first, we account for the … have important implications relating to the single monetary policy and the progress new EU members have achieved towards …
Persistent link: https://www.econbiz.de/10010322794
The view is widespread that there are just two options for the future of the Eurozone - either it is complemented by a fiscal union, or it will fall apart. In this paper, we discuss five possible elements of a fiscal union, of which three are in the centre of the current debate on fiscal union...
Persistent link: https://www.econbiz.de/10010331439
The purpose of this paper is to evaluate the effectiveness of the European Union’s (EU) economic governance framework … as a key component and driver of the EU - Economic and Monetary Union (EMU). Considerable measures to strengthen the EMU … that the major obstacles to more efficiency are two components: 1. the political dimension of the EU – or better said …
Persistent link: https://www.econbiz.de/10012017353
The performance of EMU member economies is shaped by different and structurally entrenched "growth models" whose success depends on specific macro-regimes - restrictive for export-led growth, accommodating for demand-led growth. These two types of models cannot be equally viable under a uniform...
Persistent link: https://www.econbiz.de/10011891872
Sweden became a member of the European Union (EU) in 1995. Since then, she has been integrated into the EU's internal … market under the Single Market Programme (SMP). Before Sweden's accession to the EU, she was a member of the European Free … Trade Association (EFTA) signed with the EU in 1972. Later, Sweden signed to become a member of the European Economic Area …
Persistent link: https://www.econbiz.de/10012610029
and recovery patterns for key EU members like Germany, France (within the Eurozone) and the United Kingdom (outside the …, Portugal and Spain) in the United States. The disparity is traced to the EU's and Eurozone's special form of governance called … gridlock that compounds the misery, and could cause the EU to permanently and gravely underperform relative to community's 'un …
Persistent link: https://www.econbiz.de/10010436007
significantly positive. Both between the EU and CEE countries there are, respectively, significant differences with respect to the … intensity in this trade. – Trade ; EU ; EMU ; CEE ; gravity model … systemaattisempi kuva siitä, mikä vaikutus Euroopan taloudellisella arkkitehtuurilla, eli EU:n sisämarkkinoilla, EMUlla, Eurooppa …
Persistent link: https://www.econbiz.de/10010284970
or divergence in the EU? I am prepared to give an unambiguous answer. That answer is yes. …
Persistent link: https://www.econbiz.de/10012151463
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10003915319