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Slovakia. Participation in the EMU (the Eurozone) will be the final step on the way of integration to the EU. The aim of this … of optimal currency area to describe positives and negatives of a membership in the EMU and potential time-schedule for … economy to EU-15 or EMU. Changes in the monetary policy of the National Bank of Slovakia. Benefits and costs of the monetary …
Persistent link: https://www.econbiz.de/10008690970
The recent financial crisis starting in 2007–2009 is the longest and the deepest recession since the Great Depression of 1930. The crisis that originated in the US subprime mortgage markets spread and amplified through international financial markets and resulted in severe debt crises in...
Persistent link: https://www.econbiz.de/10009793393
This article is a result of the usual debates taking place within our research centre, being conducted by the research team that has been dealing for several years with the adoption of the euro by the new member states of the European Union (EU). The recent financial crisis brought in the middle...
Persistent link: https://www.econbiz.de/10009277808
Abstract This is the 2008 Edition of one of only two book in print in the world about the Single Global Currency, and is the only book in the world priced in 141 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192...
Persistent link: https://www.econbiz.de/10005835646
This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book in the world priced in 143 currencies (down from 147 in the 2006 edition.).This number is significant, as it's the number of currencies required among the 192 U.N. members to...
Persistent link: https://www.econbiz.de/10005621973
respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become …
Persistent link: https://www.econbiz.de/10011107257
We argue that the European currency union (ECU) reduced the de facto monetary policy autonomy of EU countries abstaining from introducing the euro. The large share of imports from euro zone countries renders a close alignment of monetary policy to the interest rate set by the European Central...
Persistent link: https://www.econbiz.de/10011136959
This is the only book in print in the world about the single global currency, and is the only book in the world priced in 147 currencies. It describes the origins of the current worldwide foreign exchange system, and tells how to change it; and save the world - trillions. The multicurrency...
Persistent link: https://www.econbiz.de/10005787163
This paper examines the association between trade and financial linkages among European countries. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably, even after allowing for permanent asymmetries in trade competitiveness within pairs...
Persistent link: https://www.econbiz.de/10010323739
Does exchange rate variability affect the speed of external adjustment? We study bilateral trade balances for a sample of 18 European countries over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area members widened considerably,...
Persistent link: https://www.econbiz.de/10010323741