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Since the Global Financial Crisis, there have been two parallel issues faced by the Eurozone, Stagnation and TARGET2 … adjustment to the monetary base in the EMU. Specifically, it implies that the Eurozone members are granted a right to settle … keeping the bleak economic outlook of Eurozone in context, we analysed the implication of proposed mechanism at first tier …
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Since a series of crisis events after 2007, the discussion about the adjustment channels of current account imbalances has been revived. We discuss the effectiveness of exchange rates versus macroeconomic policies to rebalance current accounts for a set of 86 mainly emerging market economies. We...
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The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels such as international bank lending, changes in TARGET2...
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