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Economic and Political Challenges of Acceding to the Euro Zone Area : The Case of Poland

Wozniak, Przemyslaw - 2010

The paper examines economic and political challenges of joining the euro area in the case of Poland. After reviewing the economic developments since the pre-accession period and assessing economic convergence with the euro area the paper focuses on the political and institutional challenges of...

Persistent link: https://www.econbiz.de/10014191585

How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area

Batini, Nicoletta - 2020

This paper builds a model-based dynamic monetary and fiscal conditions index (DMFCI) and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the euro area (EA) and in its three largest member countries over the period 2007-2018. The index is based on the...

Persistent link: https://www.econbiz.de/10012828229

The Design of Emu

Begg, David K. H. - 2006

Pursuit of price stability may, but need not, exacerbate output fluctuations. This paper discusses the monetary strategy of the European Central Bank, the intermediate targets that this should entail, and implications for accountability, transparency, and reputation. Country-specific shocks will...

Persistent link: https://www.econbiz.de/10012782216

Alternative Monetary Policies and Fiscal Regime in New EU Members

Mikek, Peter - 2009

I investigate the relevance of a fiscal regime for disinflation in new EU member states (NMS). I generalize the framework of Obstfeld and Rogoff (1995) to incorporate the non-Ricardian fiscal regime and two monetary feedback rules: inflation targeting and depreciation targeting. Euro accession...

Persistent link: https://www.econbiz.de/10012765443

Adjustment Programs in Euro Countries : Why Ireland Succeeded While Greece Failed

Mateus, Abel M. - 2015

At the close of the global financial crises, Greece, Ireland and Portugal, and later Spain, experienced severe economic … and financial crises. This paper compares the adjustment programs undertaken by the four countries. The sudden-stop of … the solidarity among EU countries. The crises established other records: Ireland had one of the costliest banking crises …

Persistent link: https://www.econbiz.de/10013013668

It Is not about Croatia and Bulgaria : It Is about the Fundamentals of Membership of the Euro Area

Bobeva, Daniela - 2023

This article was invited from the author in response to the June 2022 Bruegel.com blog post by Zsolt Darvas – and see the separate article in this issue – about the decision to let Croatia into the euro area while keeping Bulgaria out; and intended to elicit a view from Bulgaria. The author...

Persistent link: https://www.econbiz.de/10014256536

Economic and political challenges af acceding to the euro zone area : the case of Poland

Woźniak, Przemysław - 2010

Persistent link: https://www.econbiz.de/10008655712

The impact of a sovereign default within the Euro zone on the exchange rate

Breuer, Arne; Sauter, Oliver - 2012

We use quanto credit default swaps to analyze the impact of a credit event in the Euro zone on the Euro-Dollar exchange rate. In light of the European debt crisis, market participants are willing to pay more for protection against a sovereign credit event if the payment in such an event is...

Persistent link: https://www.econbiz.de/10012822373

Euro Zone Crisis : Diagnosis and Likely Solutions

Ballabriga, Fernando - 2014

This brief provides a short guiding tour to the Euro zone crisis. It looks at the current situation, the context in which the zone has to deal with such a situation, the way we got here, and the possible way out. The latter outlines a set of minimum steps required to make the euro sustainable

Persistent link: https://www.econbiz.de/10013056917

Monnet's Error or Intergovernmental Triumph : Examining the Formation of the European Banking Union

Beck, Pat M. - 2017

Are the grand theories of integration still relevant today and capable of describing integration in the European Union? Have the general principles of the grand theories lost their ability to accurately describe European integration? For policy makers and scholars that rely on theories, the...

Persistent link: https://www.econbiz.de/10012956069