In early 2013 rumors about the Euro-appreciation gained momentum, which may lead to decreases in exports and increases … in imports of the member states. Therefore, we investigate the impact of changes in the nominal Euro exchange rate vis …-à-vis major currencies on export and import performance of nine different Euro-area-countries. To disentangle the "true …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific …

Die Einführung des Euro stellt eine wesentliche Änderung der geldpolitischen Rahmenbedingungen einer Anzahl …