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Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in … the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the …
Persistent link: https://www.econbiz.de/10012269193
the initial shock; and (iii) asset purchases and central bank long-term refinancing operations can be effective …
Persistent link: https://www.econbiz.de/10011714705
bank refinance operations and large scale asset purchases. To this end, a two-country structural model with idiosyncratic …
Persistent link: https://www.econbiz.de/10011653062
We analyze the similarities and the differences in the fragility of the European Monetary System (EMS) and the Eurozone. We test the hypothesis that in the EMS the fragility arose from the absence of a credible lender of last resort in the foreign exchange markets while in the Eurozone it was...
Persistent link: https://www.econbiz.de/10011590398
the initial shock; and (iii) central bank asset purchases and long-term refinancing operations can be effective …
Persistent link: https://www.econbiz.de/10011813496
-targeting countries converging to the euro, i.e. the Czech Republic, Poland and Hungary. Empirical tests imply systemic differences in … monetary policies among these euro candidates. The Czech monetary policy seemingly follows the rule prescribed by our model …. Both the Czech and the Polish central bank interest rate policies respond predominantly to changes in the inflation gap …
Persistent link: https://www.econbiz.de/10013121972
to the euro. Such strategy aims at containing the differentials between the domestic and the implicit monetary union … to the euro: the Czech Republic, Hungary and Poland. The stability tests as well as the volatility dynamics tests suggest …
Persistent link: https://www.econbiz.de/10013147979
pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area … countries? An SVAR analysis reveals that monetary stress has declined more in the euro area than in the euro areas’ doppelganger … euro becoming a dominant currency. …
Persistent link: https://www.econbiz.de/10012301359
euro, i.e. the Czech Republic, Poland and Hungary. Stability tests of the input variables affirm prudent inclusion of these … monetary policies among these euro-candidates. The Czech inflation targeting is forwardlooking relying on a sensible balance …
Persistent link: https://www.econbiz.de/10014206120
In the 24 years since its introduction, the euro has experienced a financial crisis, a government debt crisis, a global …
Persistent link: https://www.econbiz.de/10014362756