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The Brexit issue has caused much concern regarding the future economic scenario of Europe in particular and the world in general. There are several reasons for Brexit. One of them is that the very nature of Monetary Unions is its rigidity. The 'one size fits all' yardstick won't apply to many...
Persistent link: https://www.econbiz.de/10012956687
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by...
Persistent link: https://www.econbiz.de/10013553631
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after the adoption of euro, these Granger causalities disappeared. We decompose trade balances into intra balances (trade … balance vis-à-vis the euro area) and extra balances (trade balance vis-à-vis the rest of the world), and find that the …
Persistent link: https://www.econbiz.de/10013023076
countries converging to a common currency system, in particular, to the euro. The analytical framework assumes inflation target … as the ultimate policy goal. The converging countries act as "takers" of inflation target, in this case, the eurozone … the euro. However, feasibility of adopting money growth rules depends on stable relationships between money and target …
Persistent link: https://www.econbiz.de/10014067011
How is the price level determined in a monetary union when the common monetary policy pegs the nominal interest rate? How are the price levels in the member countries determined? We extend the fiscal theory of the price level to the case of a heterogenous monetary union. Price level determinacy...
Persistent link: https://www.econbiz.de/10013553440
This study proposes to use the OCAs Theory as theoretical basis to analyze the Ecuadorian Full Dollarization by understanding the Ecuador-United States (US) duo as an "Informal Monetary Union". At least two phenomena are of interest: (i) to study the degree of synchronization of the main...
Persistent link: https://www.econbiz.de/10014256988
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Um Wettbewerbsvorteile gegenüber konkurrierenden Unternehmen zu erreichen werden oft Änderung in der …
Persistent link: https://www.econbiz.de/10009691384