Showing 1 - 10 of 6,756
The paper provides an account of the meaning and implications of TARGET2 in the eurozone (EZ) balance of payments …
Persistent link: https://www.econbiz.de/10013017589
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
This paper presents a small open economy model to analyze the role of central bank liquidity management in implementing “unconventional” monetary policies within an inflation targeting framework. In particular, the paper explicitly models the facilities that the central bank uses to manage...
Persistent link: https://www.econbiz.de/10011285637
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
Persistent link: https://www.econbiz.de/10009514498
Persistent link: https://www.econbiz.de/10011856883
The paper identifies key features of International Monetary Fund (IMF)-supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borrowed from the IMF during 1997-2013 indicates that, compared to the amount of financing provided...
Persistent link: https://www.econbiz.de/10011843919
Persistent link: https://www.econbiz.de/10012521015
The study aims to revisit some of the macroeconomic issues related to Hungary's eurozone-accession. The government … Hungary actually intends to join the eurozone, it is in the country's best interest to fulfil the requirements necessary for … convergence could be improved. -- euro-adoption ; crisis in the eurozone ; country experiences in the eurozone ; economic …
Persistent link: https://www.econbiz.de/10009521086
There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyse one, but … investigate how joining the Eurozone will affect the business cycle behaviour of the main macroeconomic variables in Poland. We …
Persistent link: https://www.econbiz.de/10013130739