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What really ails the Eurozone? : faulty supranational architecture
Razin, Asaf; Rosenfielde, Steven - In: Contemporary economics 6 (2012) 4, pp. 10-18
and recovery patterns for key EU members like Germany, France (within the Eurozone) and the United Kingdom (outside the … Eurozone) were similar. However, after the bubble burst and the crisis began unfolding it became clear that the Eurozone plight … differed from America’s in one fundamental respect. There was no exact counterpart of Eurozone GIIPS (Greece, Italy, Ireland …
Persistent link: https://www.econbiz.de/10009767592
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From the EMS to the EMU and…To China
Halevi, Joseph - 2020
This essay deals with the EMS experience and its failure, with the Maastricht Treaty, and with the interregnum leading to the formation of the EMU in 1999. The paper highlights the position of German authorities, showing that they were quite lucid about the fundamental weaknesses inherent in a...
Persistent link: https://www.econbiz.de/10012846913
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Europe 1957 to 1979 : From the Common Market to the European Monetary System
Halevi, Joseph - 2020
This essay deals with the contradictory dynamics that engulfed Europe from 1959 to 1979, the year of the launching of the European Monetary System. It focuses on how the macroeconomic frame-work of stop-go policies in the 1960s ended up privileging external – intra-European – exports at the...
Persistent link: https://www.econbiz.de/10012846916
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The stability pack and inefficiencies in fiscal policy making in EMU
Alho, Kari E. O. - 2000
The aim of the paper is to analyse the Stability and Growth Pact of EMU in a two-country model of monetary union with rational expectations and with spillovers of macroeconomic policies between the countries. The paper concentrates on tax policy, and shows that the results on optimal policy...
Persistent link: https://www.econbiz.de/10010199298
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The Emu is Done : How About the Fiscal Union and the Next Future of the United Europe?
Andrei, Liviu - 2012
The economic and monetary union was actually compulsory, despite that the Maastricht Treaty does not express as such. Moreover, specialists argue that the monetary union is equally required to be fiscal as well. And what is this? Of course, strenghtening central governance, once more against the...
Persistent link: https://www.econbiz.de/10013096289
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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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Convergence and Optimum Currency Area, as Advanced Economic Integration
Andrei, Liviu - 2014
and customs union into: (iii) economic convergence and (iv) optimal currency area. The last two will be emphasized by our …
Persistent link: https://www.econbiz.de/10013044730
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Towards a new architecture for the euro area : an early appraisal of the Juncker Commission
Bierbrauer, Christoph - 2020 - This Draft: February 5, 2020
We provide an early assessment of the Juncker Commission's contributions to the ongoing reform of the euro area. In doing so, we present a chronological summary of the reform process up to 2014. At the time, the euro area architecture had undergone many changes. These were mainly focused on risk...
Persistent link: https://www.econbiz.de/10012167291
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The Advanced European Integration : Convergence and Optimum Currency Area (OCA)
Andrei, Liviu - 2014
would replace or just reshape the older FTA and customs union into: (iii) economic convergence and (iv) optimal currency …
Persistent link: https://www.econbiz.de/10014156487
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Real and monetary policy convergence : EMU crisis to the CFA zone
Asongu, Simplice A. - In: Journal of financial economic policy 5 (2013) 1, pp. 20-38
Persistent link: https://www.econbiz.de/10009759339