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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 emphasizes the importance of Europe's structural problems and governance as the cause of the current euro … single currency and economic stability in Europe. We confirm the asymmetries that remained after the introduction of the euro … area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the euro. Many members …
Persistent link: https://www.econbiz.de/10013086504
We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output...
Persistent link: https://www.econbiz.de/10012958731
We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output...
Persistent link: https://www.econbiz.de/10012959262
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
The paper applies fuzzy clustering techniques to developed and emerging economies in East Asia in order to arrive at an identification of potential subgroups of economies for monetary union. The statistical criteria employed are those suggested by the Optimal Currency Areas theory and the period...
Persistent link: https://www.econbiz.de/10013128278
Persistent link: https://www.econbiz.de/10003955649
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