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De Grauwe, Paul - 2009 - 8. ed.

Persistent link: https://www.econbiz.de/10009428009

Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors

Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016

The paper analyses the transmission of global financial shocks to individual member states of the European Monetary Union (EMU), in which monetary policy is delegated to the ECB and financial markets are fully integrated. Using a panel VAR model, we show that the asymmetric effects of global...

Persistent link: https://www.econbiz.de/10011495568

Economics of monetary union

De Grauwe, Paul - 2018 - Twelfth edition

to monetary union. The author addresses current issues surrounding the Eurozone, including; a critical discussion of the …

Persistent link: https://www.econbiz.de/10011848512

The euro : how a common currency threatens the future of Europe

Stiglitz, Joseph E. - 2016 - First edition

"Discusses how the 2008 financial crisis revealed the shortcomings of the euro and how it has caused Europe's economic …

Persistent link: https://www.econbiz.de/10012632192

Cross-border banking and business cycles in asymmetric currency unions

Dräger, Lena; Proaño Acosta, Christian - 2015

this paper the macroeconomic consequences of cross-border banking in monetary unions such as the euro area. For this … financial sector may have exacerbated the emergence of macroeconomic imbalances within the euro area. Additionally, we show the …