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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
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
Die Finanzkrise 2007/2008 und die derzeitige "Euro-Krise" stellen das bisherige Weltwährungssystem in Frage. Sie legt … sich ein multipolares Leitwährungssystem herausbilden, in dem neben dem gegenwärtig dominierenden US-Dollar auch der Euro …
Persistent link: https://www.econbiz.de/10011602409
introduction of the euro. This path was marked by a compromise between two schools of thought-those who assumed that the creation … economic divergence and tension in the euro area, which in recent years culminated in a severe crisis. It was only in response …
Persistent link: https://www.econbiz.de/10011288339
erste Stufe auf dem Weg zum Euro genommen. Der Weg dorthin war auch durch einen Kompromiss zwischen zwei Denkschulen … introduction of the euro. This path was marked by a compromise between two schools of thought-those who assumed that the creation … economic divergence and tension in the euro area, which in recent years culminated in a severe crisis. It was only in response …
Persistent link: https://www.econbiz.de/10011288345