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Booms and Busts in EMU
Gottfries, Nils - 2003
volatility. The consequences of asymmetric shocks inside EMU are worse than envisaged in early analyses of the EMU project such …
Persistent link: https://www.econbiz.de/10010321628
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Sovereign bond market integration: the euro, trading platforms and globalization
Wolff, Guntram B.; Schulz, Alexander - 2008
We disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU … increased gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Länder. The … euro, as well as increasing international capital flows, appear to drive low frequency integration. In contrast, yield …
Persistent link: https://www.econbiz.de/10010295883
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The endogeneity approach of the theory of optimum currency areas: what does it mean for ASEAN + 3?
Löchel, Horst; Baumann, Stefan - 2006
The paper analyzes if and how the experiences of European integration can be used for the progress of East Asia integration especially of the ASEAN+3 countries1. Of special interest is the relevance of the new endogeneity approach of monetary integration for East Asia. The question is discussed...
Persistent link: https://www.econbiz.de/10010298914
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OCA theory and EMU Eastern enlargement: An empirical application
Weimann, Marco - 2003
years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the … present EMU and use a structural VAR approach to evaluate EMU suitability of the candidate countries. To correct for the …
Persistent link: https://www.econbiz.de/10010301776
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OCA theory and EMU eastern enlargement: An empirical application
Weimann, Marco - 2002
worse suitable for EMU membership than the current participants. The theory of optimum currency areas provides several … the current EMU we use a structural VAR approach in order to identify economic shocks that hit the countries to be …
Persistent link: https://www.econbiz.de/10010305411
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Imbalances? What imbalances? A dissenting view
Wray, L. Randall - 2012
It is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected to an exogenous shock seeks equilibrium through the stabilizing market forces unleashed by the...
Persistent link: https://www.econbiz.de/10010286507
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OCA theory and EMU Eastern enlargement : an empirical application
Weimann, Marco - 2003 - This version: April 2003
years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the … present EMU and use a structural VAR approach to evaluate EMU suitability of the candidate countries. To correct for the …
Persistent link: https://www.econbiz.de/10010503148
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OCA theory and EMU eastern enlargement : an empirical application
Weimann, Marco - 2002
worse suitable for EMU membership than the current participants. The theory of optimum currency areas provides several … the current EMU we use a structural VAR approach in order to identify economic shocks that hit the countries to be …
Persistent link: https://www.econbiz.de/10010506205
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Future of the Economic and Monetary Union
Gortsos, Christos V. - 2022
recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current … of the EMU.The following Section II (“The Impact of the Three Major Crises During the Period 2007-2021”) develops on how … the (2007-2009) Global Financial Crisis (GFC), the subsequent fiscal crisis in the euro area and the most recent pandemic …
Persistent link: https://www.econbiz.de/10014077291
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Increasing the international role of the euro : a long way to go
Dąbrowski, Marek - 2020
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/10012265943