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This article investigates the reasons, the transformative processes, and the social mechanisms involved in the establishment of the European Economic and Monetary Union (EMU). Contrary to commonly accepted theories used to explain institutional change, it argues that the establishment of the EMU...
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purposes, had major side-effects on fiscal policy. One concerns the programme´s uncommon seigniorage effects. We find that the … PSPP not only led to partly negative seigniorage gains, but also produced super-seigniorage gains resulting from negative …
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The promise of greater material prosperity and economic convergence has underpinned the process of European economic integration. Its consequences for income inequalities within countries, however, have so far been little discussed. This paper seeks to contribute to the literature by...
Persistent link: https://www.econbiz.de/10013250346
This study uses panel Granger causality and cointegration tests to examine the relationship between income per capita and control of corruption in the Eurozone. The analysis covers the entire Eurozone and subgroups of countries from 2002 to 2021. The results show that there is not a...
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