Narrow search
Showing 1 - 10 of 3,147
Cover Image
A New Approach to Governance and Integration in Emu for an Optimal Use of Economic Policy Framework - Priority to Financial Union
Papaspyrou, Theodoros - 2022
This paper proposes a new approach to EMU governance and integration consisting of the following elements: (i) an optimal use of the existing EU institutional framework for economic, fiscal and financial policies is necessary and possible at each level of EMU integration that is politically...
Persistent link: https://www.econbiz.de/10014078175
Cover Image
Emu 2.0 Drawing Lessons from the Crisis - a New Framework for Stability and Growth
Papaspyrou, Theodoros - 2022
This paper, drawing on the lessons from the sovereign debt crisis, tries to give answers to some key questions: Was the strategy and specific actions to cope with the crisis appropriate? Was the priority given to preserving financial stability justified? Are stability and growth objectives...
Persistent link: https://www.econbiz.de/10014078959
Cover Image
EMU Strategies : Lessons from Past Experience in View of EU Enlargement
Papaspyrou, Theodoros - 2022
This paper, after reviewing briefly the early steps of European monetary integration and key elements of the EMU project as reflected in the Treaty of Maastricht, analyses the monetary integration strategy and convergence experience of member states, in particular that of Greece, in the 1990s...
Persistent link: https://www.econbiz.de/10014080717
Cover Image
The fragility of two monetary regimes: The European Monetary System and the Eurozone
Grauwe, Paul De; Ji, Yuemei - Nationale Bank van België/Banque national de Belqique (BNB) - 2013
We analyze the similarities and the differences in the fragility of the European Monetary System (EMS) and the Eurozone …. We test the hypothesis that in the EMS the fragility arose from the absence of a credible lender of last resort in the … markets that caused the fragility. We conclude that in the EMS the national central banks were weak and fragile, and the …
Persistent link: https://www.econbiz.de/10011272767
Cover Image
The fragility of two monetary regimes: The European Monetary System and the Eurozone
De Grauwe, Paul; Ji, Yuemei - 2013
We analyze the similarities and the differences in the fragility of the European Monetary System (EMS) and the Eurozone …. We test the hypothesis that in the EMS the fragility arose from the absence of a credible lender of last resort in the … markets that caused the fragility. We conclude that in the EMS the national central banks were weak and fragile, and the …
Persistent link: https://www.econbiz.de/10011506763
Cover Image
The fragility of two monetary regimes : the European Monetary System and the Eurozone
De Grauwe, Paul; Ji, Yuemei - 2013
We analyze the similarities and the differences in the fragility of the European Monetary System (EMS) and the Eurozone …. We test the hypothesis that in the EMS the fragility arose from the absence of a credible lender of last resort in the … markets that caused the fragility. We conclude that in the EMS the national central banks were weak and fragile, and the …
Persistent link: https://www.econbiz.de/10011590398
Cover Image
The Eurozone in the Current Crisis
Wyplosz, Charles - 2010
This paper contrasts the United States and European situations during the crisis and examines how much of the crisis has been imported by Europe from the US. The paper argues that Europe never had a chance to avoid contagion from the US. It also documents the relatively limited reaction of both...
Persistent link: https://www.econbiz.de/10013144792
Cover Image
Europäische Bankenunion
Beuss, Fritz - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 82 (2013) 2, pp. 127-147
The ongoing Euro crisis and the worse economic development in Europe compared to that in the United States is grounded in the delayed implementation of reforms of the banking sector. Whereas the leaks in economic governance of EMU have been fixed the banking sector is still not stabilized, even...
Persistent link: https://www.econbiz.de/10011128206
Cover Image
Europäische Bankenunion
Beuss, Fritz - In: Vierteljahrshefte zur Wirtschaftsforschung 82 (2013) 2, pp. 127-147
Die anhaltende Eurokrise, die sich in einer deutlich schlechteren Konjunkturlage in Europa als in den USA spiegelt, hat nicht zuletzt ihre Ursache in der nach wie vor schleppenden Umsetzung der Reformen des Finanzsektors. Während die Lücken in der wirtschaftspolitischen Architektur der WWU...
Persistent link: https://www.econbiz.de/10010464605