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Unconditional convergence in currency unions : an analysis of European regions from 1991 to 2009
Firgo, Matthias; Huber, Peter - 2013
capital and innovation are the main predictors for the propensity of a region to catch-up. These stylized facts therefore … regional convergence processes and imply that growth strategies based on increasing human capital investments and innovation …
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
the Finnish experience are: the importance of timing; the fact that targeting low inflation and prudent fiscal policy can …
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 …
Persistent link: https://www.econbiz.de/10012989338
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Unconditional Convergence in Currency Unions : An Analysis of European Regions from 1991 to 2009
Firgo, Matthias - 2015
capital and innovation are the main predictors for the propensity of a region to catch-up. These stylized facts therefore … regional convergence processes and imply that growth strategies based on increasing human capital investments and innovation …
Persistent link: https://www.econbiz.de/10013034340
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Macroeconomic imbalances in the euro area : where do we stand?
Pierluigi, Beatrice; Sondermann, David - 2018
This occasional paper reviews the macroeconomic developments in the euro area countries over the past 20 years. It analyses the accumulation of macroeconomic imbalances in the first decade of the EMU and their unwinding during the second decade. It shows that while flow imbalances have been...
Persistent link: https://www.econbiz.de/10011865842
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National and Regional Solutions to Global Challenges Problems of Monetary Policies and Regional Monetary Cooperation in East Asia and the European Union
Kalinowski, Thomas - 2012
global economic imbalances and create regional conflicts. The EU faces the choice between a crisis solution strategy that … as well as intensified regional cooperation in monetary policies in the EU since the 1970s and the introduction of the …
Persistent link: https://www.econbiz.de/10014163943