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The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime's essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in the euro currency union. We propose a Euro Treasury...
Persistent link: https://www.econbiz.de/10014363255
-called real convergence accompanies nominal convergence, and that there is synergy rather than a trade-off between the two. The … incumbents should replace their 'don't rush' advice by active encouragement of NMS to proceed with fast nominal convergence in …
Persistent link: https://www.econbiz.de/10008633021
The severe crises within the Eurozone, which began in 2009, had (and still have) at least two main aspects. One is the problem of sovereign bonds issued by peripheral Euro-States. The other is the fall in the rate of growth of the Eurozone. Among the many proposals and political choices made to...
Persistent link: https://www.econbiz.de/10010798322
changeover. We explore the issues related to Romania’s nominal convergence in order to adopt euro in 2015. We based our approach …
Persistent link: https://www.econbiz.de/10010592956
. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the … convergence of the interest rates with the full term structure of interest rates with both univariate and multivariate inference …
Persistent link: https://www.econbiz.de/10008755247
The author comments on the months of protest by the "yellow jackets" movement, to provide a diagnosis of the reasons of economic malaise in France. It is claimed that France only really started loosing ground relative to Germany since adhering to the Economic and Monetary Union (EMU). A reform...
Persistent link: https://www.econbiz.de/10012288288
El objetivo de este trabajo es analizar el impacto que la crisis económica ha tenido en las distintas regiones y en los distintos sectores de la economía española durante el periodo 2007-2010, medido a través del empleo y del capital humano. Para tal fin se ha estudiado la evolución del...
Persistent link: https://www.econbiz.de/10010945790
The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011381297
The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime's essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in the euro currency union. We propose a 'Euro Treasury'...
Persistent link: https://www.econbiz.de/10011545302
The economic and financial crisis which has affected the world economy since 2008 raised a question mark regarding the viability of the Economic and Monetary Union and the future of the euro. The main objective of this paper is to identify the amplitude of the effects of the economic crisis on...
Persistent link: https://www.econbiz.de/10012017051