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Causes of the outbreak of the Eurozone crisis : the role of the USA and the European Central Bank monetary policy

Białek, Natalia - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 2, pp. 47-63

This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...

Persistent link: https://www.econbiz.de/10011402491

Can the euro be saved? : an analysis of the future of the currency union

Stiglitz, Joseph E. - In: Rivista di politica economica 103 (2014) 7/9, pp. 7-42

Persistent link: https://www.econbiz.de/10010434176

The failure of ECB monetary policy from a Mises-Hayek perspective

Schnabl, Gunther - 2017

The paper analyses the common European monetary policy based on a Mises-Hayek overinvestment framework, which is combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary policy contributed to unsustainable overinvestment booms...

Persistent link: https://www.econbiz.de/10011619626

The ECB's policy, the recovery fund and the importance of trust : the case of Greece

Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2021

This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the efficacy of the various policy measures taken, at national and EU level, to cushion the economic effects of the pandemic shock. The paper attempts to give quantitative answers to...

Persistent link: https://www.econbiz.de/10012650611

Monetary union and macroeconomic stabilization

Groll, Dominik - 2013

It is conventionally held that countries are worse off by forming a monetary union when it comes to macroeconomic stabilization. However, this conventional view relies on assuming that monetary policy is conducted optimally. Relaxing the assumption of optimal monetary policy not only uncovers...

Persistent link: https://www.econbiz.de/10010202935

Monetary union and macroeconomic stabilization

Groll, Dominik - 2014 - This version: February 14, 2014

Persistent link: https://www.econbiz.de/10011415479

TARGET2 imbalances and the ECB as lender of last resort

Purificato, Francesco; Astarita, Caterina - In: International Journal of Financial Studies : open … 3 (2015) 4, pp. 482-509

TARGET2 are here explained as being due to a fall in the level of confidence in the capacity of the Economic and Monetary … Union to survive, rather than to disparities in the level of competitiveness among countries of the Eurozone. This crisis of … confidence has to be considered as the consequence of the implicit refusal of the European institutions to create a mechanism …

Persistent link: https://www.econbiz.de/10011408880

"Banks 1 - Portugal 0"? : financial player entanglements in the Eurozone crisis

Stadheim, Victoria B.-G. - In: Competition & change : the journal of global business … 25 (2021) 3/4, pp. 401-427

Persistent link: https://www.econbiz.de/10012593395

Future of the Economic and Monetary Union

Gortsos, Christos V. - 2022

The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...

Persistent link: https://www.econbiz.de/10014077291

Monetary policy on the way out of the crisis

Hagen, Jürgen von - 2009

Persistent link: https://www.econbiz.de/10003952891

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