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Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the … physical introduction of the new currency nearly 20 years ago, while the euro crisis significantly reduced support for the euro …
Persistent link: https://www.econbiz.de/10012269193
pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area … countries? An SVAR analysis reveals that monetary stress has declined more in the euro area than in the euro areas’ doppelganger … euro becoming a dominant currency. …
Persistent link: https://www.econbiz.de/10012301359
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
This paper examines the evolution of public support for the euro since its introduction as a virtual currency in 1999 … popularity o f the euro. We find that a majority of citizens support the e uro in each individual member country of the e uro a … econometric work demonstrates that unemployment is a key driver of support behind the euro. Given these developments, w e discuss …
Persistent link: https://www.econbiz.de/10012007047
developments in the euro area since the adoption of the euro in 1999, going through four cyclical phases "conditioning" ECB …
Persistent link: https://www.econbiz.de/10011959260
Twenty years after the introduction of the euro, this Weekly Report uses an empirical analysis to assess the … Bank (ECB) cannot outperform its national predecessors, as the euro area countries experience different business cycles yet … unable to counter long-term macroeconomic imbalances. To protect euro area countries from crises more effectively, priority …
Persistent link: https://www.econbiz.de/10012007718
Large increases in TARGET2 balances in the euro area since 2008 have led to concern and debate about the appropriate … COVID-19 pandemic. Moreover, this paper analyzes the potential risks for euro area member states in the case of (i) the … potentials if TARGET2 debtor countries pretend to plan to leave the euro area. Based on this, we discuss adaption options for the …
Persistent link: https://www.econbiz.de/10014518497
towards the establishment of the ECB and the introduction of the Euro currency …
Persistent link: https://www.econbiz.de/10013072105
that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into … excessively optimistic, and that proposals featuring the central bank as the euro’s savior through even more radical employment of …
Persistent link: https://www.econbiz.de/10011349470
institutional deficiencies share responsibility for the euro's failure, the bank has generally done "too little, too late" with … regard to managing the euro crisis, preventing protracted stagnation, and containing deflation threats. The bank remains … attached to the euro area’s official competitive wage-repression strategy, which is in conflict with the ECB's price stability …
Persistent link: https://www.econbiz.de/10011481632