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The Case for a Different Stability and Growth Pact : Towards a Fiscal and Political Union in the Euro Area
Masera, Rainer - 2022
budget orthodoxy. The issue at stake is not only of political economy and institutional changes in the EU. It is also of …, sustainable and inclusive recovery in Europe. The common real debt would be financed through the creation of EU Reproductive … political and fiscal union for euro area countries - and, in outer rings, of the EU, of the EEA and of potential EU members. In …
Persistent link: https://www.econbiz.de/10013296048
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Disaggregated trade and disaggregated currency unions : a ranking of common currency effects
Whitten, Gregory W. - In: Agricultural economics : the journal of the … 47 (2016) 6, pp. 661-670
Persistent link: https://www.econbiz.de/10011716343
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Specialization and KIBS in the Euro area : a vertically integrated sector perspective
Antonioli, Davide; Di Berardino, Claudio; Onesti, Gianni - In: International review of applied economics 34 (2020) 2, pp. 267-290
Persistent link: https://www.econbiz.de/10012182384
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Unconditional convergence in currency unions : an analysis of European regions from 1991 to 2009
Firgo, Matthias; Huber, Peter - 2013
We analyze unconditional within-country convergence from 1991 to 2009 in 21 European countries. Unlike most previous studies we focus on the heterogeneity of convergence. We find that convergence processes in currency unions are extremely heterogenous, highly discontinuous and strongly...
Persistent link: https://www.econbiz.de/10010424527
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Adjustment Mechanisms in a Currency Area
Goodhart, Charles - 2012
flows and bank flows. Only in Latvia was there any relative wage adjustment. Intra-EU migration has increased, but is more … costly for those involved in the EU (than in the USA). Net federal financing helped Arizona and Latvia in the crisis, but not … adjustment in Arizona and Latvia. The latter reinforces the case for an EU banking union …
Persistent link: https://www.econbiz.de/10013098836
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The Impact of Globalisation on the Euro Area Macroeconomy
Anderton, Robert - 2009
The general acceleration of trade globalisation over the last decade - or a growing interdependence of economies via trade, production and financial market linkages - has engendered several macroeconomic implications for the euro area. This paper focuses on assessing the key impacts on the euro...
Persistent link: https://www.econbiz.de/10013157128
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Meeting the Challenge of Monetary Union : Lessons from the Finnish Experience
Mayes, David G. - 2008
We study lessons from the experience of Finland in meeting the challenges of joining the euro area at its outset and its subsequent economic success. Traditional optimum currency area theory is too limited a framework for judging the experience in qualifying and membership.Five main factors have...
Persistent link: https://www.econbiz.de/10012724721
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The Deteriorating Dynamics of Public Debts Across Countries within the European Monetary Unification in Comparison with Countries Outside the European Monetary
Coccia, Mario - 2017
The main aim of this study is to analyze the evolution of public debts and general government deficits/surplus across European countries within and outside the monetary unification. In particular, this study compares the dynamics of public debts and general government deficits between European...
Persistent link: https://www.econbiz.de/10012957909
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Competitiveness and its Leverage in a Currency Union or How Germany Gains from the Euro
Skouras, Thanos - 2016
A distinction is drawn between two notions of competitiveness. 'Essential' competitiveness focuses on the inherent developmental potential of an economy while 'apparent' competitiveness is largely determined by the exchange rate's influence on the current account. A currency union leverages...
Persistent link: https://www.econbiz.de/10012987648
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Competitiveness in a Currency Union and Its Leverage or How Germany Gains from the Euro
Skouras, Thanos - 2016
Despite the widespread use of the notion of a country's competitiveness in public policy discussion, there is some reluctance among academic economists in accepting the concept. The competitiveness notion can be made theoretically acceptable by distinguishing its useful integral part, which...
Persistent link: https://www.econbiz.de/10012989338