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Economic Stability and Economic Governance in the Euro Area : What the European Crisis Can Teach on the Limits of Economic Integration
Lupo-Pasini, Federico - 2013
The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...
Persistent link: https://www.econbiz.de/10013085690
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Southern African economic integration: evidence from an augmented gravity model
Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - 2009
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...
Persistent link: https://www.econbiz.de/10010269429
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Southern African economic integration : evidence from an augmented gravity model
Warin, Thierry; Wunnava, Phanindra V.; Tengia, Optat; … - 2009
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...
Persistent link: https://www.econbiz.de/10003879350
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Southern African Economic Integration : Evidence from an Augmented Gravity Model
Warin, Thierry - 2009
This paper investigates the feasibility of creating a common-currency union consisting of 16 countries in Southern Africa. We estimate an augmented-gravity model that includes public deficit, public debt, public expenditure, inflation, and the foreign reserves position. We also integrate...
Persistent link: https://www.econbiz.de/10013157533
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The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China
Aizenman, Joshua - 2015
China in the coming years. China had been a prime example of export-led growth, benefiting from learning by doing, and by … with hidden but growing costs and distortions. The Chinese export-led growth path has been challenged by its own success …
Persistent link: https://www.econbiz.de/10013027663
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Close encounters of the European kind : economic integration, sectoral heterogeneity and structural reforms
Campos, Nauro; Eichenauer, Vera; Sturm, Jan-Egbert - 2020
that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …
Persistent link: https://www.econbiz.de/10012239244
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Close encounters of the European kind: economic integration, sectoral heterogeneity and structural reforms
Campos, Nauro; Eichenauer, Vera; Sturm, Jan-Egbert - 2020
that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …
Persistent link: https://www.econbiz.de/10012291227
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Economic Integration and Similarity in Trade Structures
Tajoli, Lucia; De Benedictis, Luca - 2007
export flows toward the EU market of four of the so-called "accession" countries of Central and Eastern Europe by comparing … both self-similarity (how the export composition of a CEEC has changed with respect to the beginning of the transition … process) and EU-similarity (if and how the export composition of a CEEC has changed with respect to the EU15 export …
Persistent link: https://www.econbiz.de/10014058814
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On the extent of economic integration : a comparison of EU countries and US states
Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2010
European economic integration is commonly believed to be incomplete, and that further reforms are needed. In this context, the union of U.S. states is considered the benchmark of complete economic integration and is often the basis for comparison regarding the extent of E.U economic integration....
Persistent link: https://www.econbiz.de/10011379627
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Trade, factor mobility and the extent of economic integration : theory and evidence
Mikolajun, Irena; Viaene, Jean-Marie - 2015
The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady flow of workers across national borders of the Middle East is this...
Persistent link: https://www.econbiz.de/10011305771