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Fiscal and monetary policy determinants of the Eurozone crisis and its resolution

Dabrowski, Marek - 2012

quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …

Persistent link: https://www.econbiz.de/10011430901

The Collateral Policy of Central Banks - An Analysis Focusing on the Eurosystem

Weber, Christopher - 2016

This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...

Persistent link: https://www.econbiz.de/10011698362

Warum die Volkswirtschaften der Eurozone den USA und Großbritannien seit der Finanzkrise hinterherhinken: Zur Rolle von Unterschieden in der Geld- und Fiskalpolitik

Heimberger, Philipp - 2016

Finanzkrise im Vergleich von Eurozone, USA und Großbritannien. Die Eurozone erholte sich seit 2010 deutlich schleppender als die … Ergebnis ist, dass der restriktivere Mix aus Geld- und Fiskalpolitik in der Eurozone die im Vergleich zu den USA und … institutionellen Rahmenbedingungen in der Eurozone hatte die Austeritätspolitik ab den Jahren 2010/2011 ausgeprägt negative Effekte auf …

Persistent link: https://www.econbiz.de/10012100198

What does European institutional integration tell us about trade integration?

Mongelli, Francesco Paolo; Dorrucci, Ettore; Agur, Itai - 2005

The start of the European Economic and Monetary Union (EMU) has spurred a new interest in the debate on the effects of monetary unions on regional economic integration. This literature either investigates past episodes of monetary unions or attempts to gauge any effect with a few years of EMU...

Persistent link: https://www.econbiz.de/10011606192

The working of the eurosystem - monetary policy preparations and decision-making – selected issues

Moutot, Philippe; Jung, Alexander; Mongelli, Francesco Paolo - 2008

The ECB’s monetary policy has received considerable attention in recent years. This is less the case, however, for its regular monetary policy preparation and decision-making process. This paper reviews how the factors usually considered as critical for the success of a central banking system...

Persistent link: https://www.econbiz.de/10011606231

The global financial crisis: Lessons for European Integration

Dabrowski, Marek - 2009

The purpose of this paper is to analyze the various challenges facing European integration and the EU institutional architecture as result of the global financial crisis. The European integration process is not yet complete, both in terms of its content and geographical coverage. It can be...

Persistent link: https://www.econbiz.de/10011430830

The bail-out!: Positive political economics of Greek-type crises in the EMU

Fahrholz, Christian; Wojcik, Cezary - 2010

The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...

Persistent link: https://www.econbiz.de/10011430854

Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?

Hallett, Andrew Hughes; Jensen, Svend E Hougaard; … - 2004

This paper studies the incentives to join or enlarge a monetary union under alternative assumptions about the extent of market reform within the union and in candidate countries. Lack of labour mobility, wage/price flexibility or fiscal reform brings costs for both new entrants and in the...

Persistent link: https://www.econbiz.de/10011689914

Output growth differentials across the euro area countries - some stylised facts

Benalal, Nicholai; del Hoyo, Juan Luis Diaz; Pierluigi, … - 2006

The aim of this study is to investigate the extent to which the dispersion of real GDP growth rates has changed over the past few years and whether the synchronisation of business cycles has increased among the euro area countries. The study is divided into two main parts. The f irst focuses on...

Persistent link: https://www.econbiz.de/10011606197

Macroeconomic Differentials and Adjustment in the Euro Area

Siedschlag, Iulia - 2008

There has recently been increased research and policy interest in the divergent macroeconomic performance in the European Economic and Monetary Union (EMU). Understanding the underlying factors of macroeconomic differentials, the source and transmission of shocks and the adjustment process in...

Persistent link: https://www.econbiz.de/10011689934

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