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introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …The purpose of this paper is to emphasize the importance of Europe's structural problems and governance as the cause of … the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the …
Persistent link: https://www.econbiz.de/10010397268
introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …The purpose of this paper is to emphasize the importance of Europe’s structural problems and governance as the cause of … the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the …
Persistent link: https://www.econbiz.de/10009706243
This paper investigates an appropriate choice of anchor currency for a proposed Melanesian currency union under various hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and related extensions, the analysis focuses on the effects of a currency union on...
Persistent link: https://www.econbiz.de/10009409641
Persistent link: https://www.econbiz.de/10003955649
Persistent link: https://www.econbiz.de/10011690936
Especially with the Asian financial crisis of 1997-1998, Asian countries have advocated a profound reform of the international financial architecture. Their proposals focused on two main axes: a reform of the global financial system and stronger regional monetary integration in Asia. There are...
Persistent link: https://www.econbiz.de/10013198552
Especially with the Asian financial crisis of 1997-1998, Asian countries have advocated a profound reform of the international financial architecture. Their proposals focused on two main axes: a reform of the global financial system and stronger regional monetary integration in Asia. There are...
Persistent link: https://www.econbiz.de/10012816821
, Europe and Japan allowing for fiscal multipliers to vary across recessions and booms. We also estimate ex ante probabilities …
Persistent link: https://www.econbiz.de/10013098618
Persistent link: https://www.econbiz.de/10001786264
Persistent link: https://www.econbiz.de/10002659953