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The euro debt crisis and Germany's euro trilemma
Bibow, Jörg - 2012
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … threaten the euro's survival. The crisis in Euroland poses a global "too big to fail" threat, and presents a moral hazard of … perhaps unprecedented scale to the global community. -- Euro ; Monetary Union ; Banking Crisis ; Balance-of-Payments Crisis …
Persistent link: https://www.econbiz.de/10009533362
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Seignorage pooling of EMU, pool bias and seignorage change by the Euro
Läufer, Nikolaus - 2003
Union (EMU) ; Euro ; seignorage ; seignorage pooling ; seignorage change ; pool bias …
Persistent link: https://www.econbiz.de/10009491053
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Germany and the euroland crisis : the making of a vulnerable haven
Bibow, Jörg - 2013
depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …
Persistent link: https://www.econbiz.de/10009757118
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The Euro Debt Crisis and Germany’s Euro Trilemma
Bibow, Jörg - 2012
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … the euro's survival. The crisis in Euroland poses a global “too big to fail” threat, and presents a moral hazard of …
Persistent link: https://www.econbiz.de/10013106538
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Der Euro, ein Segen für Afrika? Folgen der Anbindung der afrikanischen Franc-Zone an den Euro (The Euro, a Blessing for Africa? Consequences of the Peg of the African Franc CFA to...
Kohnert, Dirk - 2018
French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …
Persistent link: https://www.econbiz.de/10012746668
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The implications of TARGET2 in the European balance of payments crisis and beyond
Cesaratto, Sergio - In: European Journal of Economics and Economic Policies: … 10 (2013) 3, pp. 359-382
The paper provides an account of the meaning and implications of TARGET2 in the eurozone (EZ) balance of payments crisis. In this context, it discusses Hans-Werner Sinn's thesis about a stealth bail-out of the EZ periphery by the ECB from a heterodox perspective. Financial liberalisation, a...
Persistent link: https://www.econbiz.de/10014363189
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Germany's brake on European capital-market development
Grahl, John; Lysandrou, Photis - In: European Journal of Economics and Economic Policies: … 15 (2018) 3, pp. 364-381
In February 2015, the European Commission published a Green Paper in which it put forward the goal to 'build a true single market for capital' for all European Union member states by 2019. The present paper argues that there is no realistic prospect of achieving this goal given that the Green...
Persistent link: https://www.econbiz.de/10014363337
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Real interest parity in the EU and the consequences for euro area membership : panel data evidence, 1979 - 2005
O'Brien, Martin (contributor) - 2007
(OCA) criteria. Using the DF-GLS and the CIPS* panel unit root test, RIP is tested for a sample of Euro area and non-Euro … most of the sample between 1979 M3 and 1998 M12. There is evidence in favour of RIP for most of the Euro area sample during … the 1999 M1 – 2005 M12 sub-period, exceptions being Ireland, Italy and Spain. RIP does not hold for any of the non-Euro …
Persistent link: https://www.econbiz.de/10003449239
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Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union
Schnabl, Gunther; Zemanek, Holger - 2010
In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …
Persistent link: https://www.econbiz.de/10008798227
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Die Deutsche Wiedervereinigung und die europäische Schuldenkrise im Lichte der Theorie optimaler Währungsräume
Schnabl, Gunther; Zemanek, Holger - 2011
Wahrscheinlichkeit von Krisen und einer fortgesetzten monetären Expansion erhöhen. -- Leistungsbilanzen ; Krise ; Euro ; Währungsunion …
Persistent link: https://www.econbiz.de/10009152176