This book makes a unique contribution to the assessment of Eurozone’s foundations and viability by drawing on factor … mobility. It makes essential reading for all professionals keen in Eurozone economics and anyone with a genuine interest on the … future of EU/Eurozone. Static and dynamic econometric analysis provide an excellent guide to quants specialists and at the …

Fund (IMF), was supposed to support the member states of the euro area which had been hit hard by a sovereign debt crisis …. For that purpose, economic adjustment programs were drafted and monitored in order to prevent the break-up of the euro …, the danger of a renewed crisis in the euro area was growing. The European Stability Mechanism (ESM) together with the …

pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area … countries? An SVAR analysis reveals that monetary stress has declined more in the euro area than in the euro areas’ doppelganger … euro becoming a dominant currency. …

The purpose of this paper is to examine the inflation differentials and their determinants in the first twelve euro … countries that formed the eurozone. We focus on only these countries to capture the effects through the last 22 years from 1999 …, show that it is mostly structural and cyclical factors that drive inflation differentials among these euro countries and …

rates EUR/GRD and EUR/ITL during the euro zone membership period. Leaving the euro area one can expect the following market … rates: EUR/GRD 600 and EUR/ITL 1850. That would mean 75% depreciation and 5% appreciation to the current euro parities EUR …