Showing 1 - 10 of 676
We provide an early assessment of the Juncker Commission's contributions to the ongoing reform of the euro area. In doing so, we present a chronological summary of the reform process up to 2014. At the time, the euro area architecture had undergone many changes. These were mainly focused on risk...
Persistent link: https://www.econbiz.de/10012167291
the very effeective rules-based approach of the previous two decades. In 2003-5, there was a huge gap between actual … reverse happened. In the 20 years or so before the run-up to the financial crash, there had been adherence to stable, rules …
Persistent link: https://www.econbiz.de/10013225300
Following a period of subdued consumer price changes, inflation has recently surged to levels that are significantly impacting the behavior of households and firms. Although the underlying sources of inflation differ across major advanced economies, central banks have progressively tightened...
Persistent link: https://www.econbiz.de/10014351176
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today. One option that has not yet been considered is monetary financing by central banks to boost...
Persistent link: https://www.econbiz.de/10011389179
Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today. One option that has not yet been considered is monetary financing by central banks to boost...
Persistent link: https://www.econbiz.de/10013013224
Attempts to measure aspects of the Indigenous economy in Canada are limited by data availability and quality. Drawing on the most recent data sources and research, we provide an overview of the Indigenous economy in Canada. This includes a discussion of the various characteristics of the...
Persistent link: https://www.econbiz.de/10014392968
The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly...
Persistent link: https://www.econbiz.de/10010397311
for regional integration. While the financial crisis of 1997-98 triggered new regional cooperation initiatives, more … integration is taking shape, suggesting the need to strengthen existing institutions that promote Asian regionalism and to create … new ones. While the focus of the paper is on monetary and financial integration, the analysis also covers other …
Persistent link: https://www.econbiz.de/10010286167
The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly...
Persistent link: https://www.econbiz.de/10009492390