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-fledged pan-ECOWAS MU is not advisable. It is also found that members of the European Monetary Union (EMU) tend to be a better fit …
Persistent link: https://www.econbiz.de/10012217601
Seit seiner Einführung am 1. Januar 1999 hat der Euro über ein Viertel seines Außenwertes verloren. Nachdem alle auf …, hat die These, dass die Schwäche darauf beruht, dass es bisher nur einen virtuellen Euro gibt, an Glaubwürdigkeit gewonnen … Finance« zu erklären. Aus der Sicht dieser Theorie könnte die Bargeldeinführung zum Vorteil des Euro ausschlagen, aber mit …
Persistent link: https://www.econbiz.de/10011691762
The article points out that monetary stability does not hinge upon formal central bank independence. The reason is that the legislator can easily restrict that independence by changing the law. Because the EU council as the true legislator does not face effective supervision by the citizens it...
Persistent link: https://www.econbiz.de/10010333197
Which have been the consequences of the euro for integration and economic performance in the Baltic Sea region? After …: the Polish zloty depreciated in the critical moment of the crisis, while currency boards with the aim of joining the euro … Sea region suggests that the euro provides "the golden fetters" of our time. Emigration, also a kind of integration, has …
Persistent link: https://www.econbiz.de/10015419540
of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …
Persistent link: https://www.econbiz.de/10010421238
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011708719
The ongoing Euro crisis and the worse economic development in Europe compared to that in the United States is grounded … in the delayed implementation of reforms of the banking sector. Whereas the leaks in economic governance of EMU have been …
Persistent link: https://www.econbiz.de/10010464605
This paper is inspired by the contributions made by Geoff Harcourt concerning the macroeconomics of open economies, international capital movements and speculation (e.g. Harcourt 1994, Dalziel/Harcourt 1997). This conceptual frame- work is developed in a simple model, useful for validating some...
Persistent link: https://www.econbiz.de/10014363120
The introduction of a common currency in the Economic Community of West African States (ECOWAS) has been the subject of extensive research over the past couple of decades, with extant issues ranging from viability and feasibility to sustainability of monetary integration in the region. This...
Persistent link: https://www.econbiz.de/10015197052
The paper deals first with the characters of unemployment and inflation and their trend in the EMU. Then it underlines … that EMU's institutions tend to reduce inflation to a minimum, while limiting fiscal interventions at the national and the …
Persistent link: https://www.econbiz.de/10015419578