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Macroeconomic Policy Making and Current Account Imbalances in the Euro Area
Murai, Taiki; Schnabl, Gunther - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 3, pp. 347-373
The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels such as international bank lending, changes in TARGET2...
Persistent link: https://www.econbiz.de/10014521523
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Macroeconomic Policy Making and Current Account Imbalances in the Euro Area
Murai, Taiki; Schnabl, Gunther - 2021
The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels such as international bank lending, changes in TARGET2...
Persistent link: https://www.econbiz.de/10012599240
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Current account imbalances and structural adjustment in the euro area: how to rebalance competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003936156
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Sovereign spreads in the Eurozone : is market discipline working?
Zuccardi, Igor Esteban - 2015
This paper studies the behavior of sovereign spreads of countries in the European Monetary Union (EMU) and their apparent disconnection with country-specific fundamentals before the 2008- 2013 debt crisis. We test three characteristics of spreads: i) a change in the level of spreads, ii) a weak...
Persistent link: https://www.econbiz.de/10011389638
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The impact of EMU enlargement on structural reformsv : a political economy approach
Jaeck, Louis; Kim, Sehjeong - In: International advances in economic research : IAER ; an … 20 (2014) 1, pp. 73-86
Persistent link: https://www.econbiz.de/10010517293
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The new bail-in regime and the need for stronger Market Discipline : what can we learn from the Greek case?
Evangelos, Vasileiou - In: International journal of finance & banking studies : JJFBS 3 (2014) 1, pp. 85-113
Persistent link: https://www.econbiz.de/10010532776
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Business cycle convergence in EMU : a first look at the second moment
Crespo-Cuaresma, Jesús; Fernández-Amador, Octavio - 2010
We propose the analysis of the dynamics of the standard deviation of business cycles across euro area countries in order to evaluate the patterns of cyclical convergence in the European Monetary Union for the period 1960-2008. We identify significant business cycle divergence taking place in the...
Persistent link: https://www.econbiz.de/10011374389
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Competition and the bank lending channel in Eurozone
Leroy, Aurélien - In: Journal of international financial markets, … 31 (2014), pp. 296-314
Persistent link: https://www.econbiz.de/10011299320
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Domestic versus international determinants of European business cycles : a GVAR approach
Boschi, Melisso; Marzo, Massimiliano; Salotti, Simone - In: Empirical economics : a journal of the Institute for … 49 (2015) 2, pp. 403-421
Persistent link: https://www.econbiz.de/10011332917
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Improving the legitimacy of EU economic governance : why and how?
Thillaye, Renaud - 2014
governance works in practice by analysing the interaction between the EU and national democracies on three similar cases: the … of these cases is reflective of a reform related (directly or not) to a recommendation by the EU and conducted under its … supervision. The analysis tends to confirm the existence of patterns of legitimation specific to EU economic governance. It …
Persistent link: https://www.econbiz.de/10011336738