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The Target imbalances within the Eurozone can be interpreted as a sign of a missing balance of payments adjustment … mechanism for the member countries. As the Eurozone lacks a fiscal union, in economic theory it is more an exchange rate union … payments, but only one for the whole Eurozone. This paper will show why the Target System is a crucial indicator for the …
Persistent link: https://www.econbiz.de/10009751600
accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will …
Persistent link: https://www.econbiz.de/10003968901
accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will …
Persistent link: https://www.econbiz.de/10002612636
Persistent link: https://www.econbiz.de/10001454981
This book deals with the key aspects of developments in monetary economics and macroeconomics, such as the New Consensus Macroeconomics, and further ones such as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and spatial macroeconomics
Persistent link: https://www.econbiz.de/10012054267
There have been important advances in monetary economics and macroeconomics recently. In macroeconomics there has been the paramount development of the New Consensus Macroeconomics along with significant policy implications, thereby giving rise to the notion of New Monetary Policy. This book...
Persistent link: https://www.econbiz.de/10003373383
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Between 1999 and the onset of the economic crisis in 2008 real exchange rates in Greece, Ireland, Italy, Portugal and Spain appreciated relative to the rest of the euro area. This divergence in competitiveness was reflected in the emergence of current account imbalances. Given that exchange rate...
Persistent link: https://www.econbiz.de/10010487256