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Economic growth, financial development, trade openness, and CO2 emissions in European countries
Sy, Aida; Tinker, Anthony; Derbali, Abdelkader; Jamel, Lamia - In: African journal of accounting, auditing and finance : AJAAF 5 (2016) 2, pp. 155-179
Persistent link: https://www.econbiz.de/10011646391
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Regional integration and the euro crisis : problems and solutions
Pessoa, Argentino - 2013
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
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Capital Account Liberalization, Capital Flow Patterns, and Policy Responses in the Eu's New Member States
Árvai, Zsófia - 2008
This paper discusses the experience of the EU`s eight new member countries (EU8) between 1995 and 2003 when the bulk of capital account liberalization took place, focusing on interest-rate-sensitive portfolio flows and financial flows. It takes stock of the lessons from capital flow patterns to...
Persistent link: https://www.econbiz.de/10012774253
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Financial integration and economic growth in Europe
Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2023
This study examines the impact of financial integration on economic growth in the case of 31 European countries over the period from 2000 to 2021 using dynamic panel data models. The estimation results provide evidence of significant positive effects of financial integration on economic growth....
Persistent link: https://www.econbiz.de/10014314278
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The nexus between economic growth, financial development, trade openness, and CO2 emissions in European countries
Jamel, Lamia; Maktouf, Samir - In: Cogent economics & finance 5 (2017) 1, pp. 1-25
degradation), financial development, and trade openness using the ordinary least squares technique for a yearly panel data of 40 … financial sector development, GDP and trade openness, financial sector development and trade openness, and trade openness and … of the bidirectional causality among trade openness and financial sector development. Besides, we find the neutrality …
Persistent link: https://www.econbiz.de/10011881568
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The European Central Bank and why things are the way they are : a historic monetary policy pivot point and moment of (relative) clarity
Dubois, Robert - 2012
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/10009503821
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Interpreting TARGET2 Balances
Cecchetti, Stephen G. - 2014
The increase in the TARGET2 balance for the Bundesbank has led to a debate in Germany about the appropriate interpretation and policy response, if any. In this paper we review the evidence for the current account financing interpretation, and find it wanting in explaining the data in 2012. BIS...
Persistent link: https://www.econbiz.de/10013064804
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Medium-Term Asymmetric Fluctuations and EMU as an Optimum Currency Area
Hessel, Jeroen - 2019
Recent studies find that short-term fluctuations in EMU have been symmetric. This finding leads to benign views on the functioning of EMU as an optimum currency area (OCA), that are difficult to reconcile with the sovereign debt crisis. We try to solve this puzzle by looking at medium-term...
Persistent link: https://www.econbiz.de/10012865689
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Euro After the Crisis : Key Challenges and Resolution Options
Gurdgiev, Constantin - 2016
The recent Global Financial Crisis (2008-2010) and the accompanying Great Recession (2008-2011) show that the level and the rate of monetary and financial systems integration deployed within the Euro area is not sustainable in the long run. Instead of acting as a buffer against external shocks...
Persistent link: https://www.econbiz.de/10012990752
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Reforming the Architecture of EMU : Ensuring Stability in Europe
de Haan, Jakob - 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/10013044447