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Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10011430901
The global economic and financial crisis has raised further concerns about the euro-entry criteria, in addition to … price level convergence of Central and Eastern European countries, and the continuous violation of the criteria by euro … relate all criteria to the average of the euro area and simultaneously to extend the compliance period from the currently …
Persistent link: https://www.econbiz.de/10010494439
Adopting the European single currency is reevaluated amid changing environment of the existing euro area. In this paper …
Persistent link: https://www.econbiz.de/10014176002
This study presents a cost-benefit analysis of euro adoption for the case of Bulgaria. Based on a review of existing … similar studies for other East European EU member states, it outlines the basic types of potential costs and benefits of euro … important nuances which may be of relevance for the analysis of euro adoption in Eastern Europe in general. …
Persistent link: https://www.econbiz.de/10011387183
This article analyzes the main issues for monetary policy in new EU member states before their euro adoption. These are …
Persistent link: https://www.econbiz.de/10012731352
The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the...
Persistent link: https://www.econbiz.de/10012942397
Twenty years of euro history confirms the euro's stability and position as the second global currency. It also enjoys … the support of majority of the euro area population and is seen as a good thing for the European Union. The European …
Persistent link: https://www.econbiz.de/10012869760
Mitgliedern der Währungsunion ist. Bei der Aufnahme weiterer Mitglieder in die EURO-Zone sind sowohl realwirtschaftliche als auch … determine the members of the EURO zone. The Maastricht criteria suffer from two weaknesses: neither do they reflect sufficiently … sectors (tradeables, non-tradeables) in the respective member countries. In the light of the forthcoming widening of the EURO …
Persistent link: https://www.econbiz.de/10010300395
The global economic and financial crisis has raised further concerns about the euro-entry criteria, in addition to … price level convergence of Central and Eastern European countries, and the continuous violation of the criteria by euro … relate all criteria to the average of the euro area and simultaneously to extend the compliance period from the currently …
Persistent link: https://www.econbiz.de/10008668703
; Eurozone ; Maastricht Treaty ; European Central Bank ; Euro ; Fiscal union …
Persistent link: https://www.econbiz.de/10009572988