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Macroeconomic imbalances and institutional reforms in the EMU
Ederer, Stefan - 2015
The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU … before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these …
Persistent link: https://www.econbiz.de/10011337035
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Fiscal divergence and current account imbalances in Europe : conference paper
Schnabl, Gunther; Wollmershäuser, Timo - 2013
Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the Southern and Western European countries have tended to run current account deficits, the current accounts of the Central and Northern European countries, in particular Germany,...
Persistent link: https://www.econbiz.de/10010339881
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Why democracy is essential to monetary stability : and why EMU will have neither
Homburg, Stefan - 1997
The article points out that monetary stability does not hinge upon formal central bank independence. The reason is that the legislator can easily restrict that independence by changing the law. Because the EU council as the true legislator does not face effective supervision by the citizens it...
Persistent link: https://www.econbiz.de/10010373533
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Optimum currency area : lessons learnt from recent experience
Marinković, Srđan; Šabotić, Zenaida - In: Facta Universitatis / Series economics and organization … 9 (2012) 4, pp. 457-466
Persistent link: https://www.econbiz.de/10010458768
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Discipline or international balance : the choice of monetary systems in Europe
Ljungberg, Jonas; Ögren, Anders - In: The European journal of the history of economic thought 29 (2022) 2, pp. 218-245
Persistent link: https://www.econbiz.de/10013286143
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The economic performance of the European Union : issues, trends and policies
Rusek, Antonin (ed.); Fidrmuc, Jarko (ed.) - 2009 - 1. publ.
Persistent link: https://www.econbiz.de/10003730881
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Policy advice : markets and policies
Orsi, Renzo (contributor); Żukrowska, Katarzyna (contributor) - 2004
This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU … benefits and losses of EMU accession may differ with regard to the different issue areas. To get to clear-cut recommendations …. -- Eu enlargement ; monetary integration ; economic integration ; EMU ; ERM 2 ; trade and FDI ; financial markets ; fiscal …
Persistent link: https://www.econbiz.de/10003968901
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Perspectives on economic policy in the Economic and Monetary Union
Arestis, Philip; Sawyer, Malcolm C. - In: European integration in crisis, (pp. 331-352). 2007
Persistent link: https://www.econbiz.de/10003572015
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Stability of Monetary union with outsiders
Akiba, Hiroya - In: Global economic review 44 (2015) 2, pp. 151-166
Persistent link: https://www.econbiz.de/10011345071
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Real exchange rate adjustment, wage-setting institutions, and fiscal stabilization policy : lessons of the eurozone's first decade
Carlin, Wendy - In: CESifo economic studies : CESifo, a joint initiative of … 59 (2013) 3, pp. 489-519
In terms of macroeconomic performance, the Eurozone’s first decade is a story of successful inflation-targeting by the ECB for the common currency area as a whole combined with the persistence of real exchange rate and current account disequilibria at member country level. According to the...
Persistent link: https://www.econbiz.de/10009793391