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inflation and macroeconomic imbalances, close economic and financial linkages with the euro area, as well as the perspective of …. Nevertheless, further efforts are needed, while acknowledging that some specific factors like the strong presence of euro area …
Persistent link: https://www.econbiz.de/10011606322
The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …
Persistent link: https://www.econbiz.de/10013270943
Virtual currencies are a contemporary form of private money. Thanks to their technological properties, their global transaction networks are relatively safe, transparent, and fast. This gives them good prospects for further development. However, they remain unlikely to challenge the dominant...
Persistent link: https://www.econbiz.de/10012387272
1) The Adoption of the Euro by New Member States: Challenges and Vulnerabilities by Michael C. Bonello 2) The Economics …
Persistent link: https://www.econbiz.de/10011689927
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10011606198
An increasing number of countries have adopted inflation targeting since New Zealand first adopted this framework in early 1990. Currently there are 21 countries using inflation targeting in every continent of the world. This paper discusses the characteristics of these countries and how the...
Persistent link: https://www.econbiz.de/10011689922
This policy report analyzes one aspect of the sovereign-bank nexus: the feedback effects between banks and sovereigns derived from the holdings of sovereign debt in domestic banks. We study how this relationship evolved during the European debt crisis and how it responded to the implementation...
Persistent link: https://www.econbiz.de/10012505199
the digital euro, the features already envisaged for its design would make it possible to minimise the risk of negative …
Persistent link: https://www.econbiz.de/10014565151
1) Stability Oriented Monetary and Prudential Policies in EU Accession Countries, by Michael C. Bonello 2) Ensuring Financial Stability: Global and European Perspectives, by Fabrizio Saccomanni 3) Foreign Bank Ownership: A Bonus or Threat for Financial Stability? by Claudia M. Buch, Jörn...
Persistent link: https://www.econbiz.de/10011689910
The rhythm of financial development in south-eastern Europe has accelerated. In a setting of low inflation and robust growth, domestic credit and cross-border flows are expanding. This process can strengthen real convergence by supporting productivity gains that enhance competitiveness and a...
Persistent link: https://www.econbiz.de/10011689929