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Using a sample of 1,154 European firms from 11 countries, we show that firm-level exchange exposure for Eurozone and … non-Eurozone European firms has increased since the advent of the euro, but this rise was smaller for Eurozone than non-Eurozone … Eurozone countries, so the advent of the Eurozone appears to have been associated with a shift in exchange risk from systematic …
Persistent link: https://www.econbiz.de/10008515084
between the countries that participated in the European Exchange Mechanism I and which are now members states of the Eurozone …
Persistent link: https://www.econbiz.de/10008520470
is introduced. Using the Eurozone enlargement as an example, the underlying components of seigniorage changes for the …
Persistent link: https://www.econbiz.de/10008538640
the eurozone and their exchange-rate regimes between the EU entry and prior to the eurozone entry. The presented empirical …. According to our analysis, Poland could benefit most from entering the eurozone relatively quickly, while the Czech Republic and …
Persistent link: https://www.econbiz.de/10008549713
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in the U.S. which leads to a broader concern about how the current reserve system basically entails China lending to the U.S. at very low interest rates. A two-currency reserve...
Persistent link: https://www.econbiz.de/10008497750
Eurozone? Especially in view of the European Central Bank s improved reputation as a crisis manager in the wake of the …, No UK entry and I will discuss the Eurozone view on potential UK membership. …
Persistent link: https://www.econbiz.de/10008497753
discussion on the process of joining the Eurozone by the Czech Republic and other candidate countries. The paper provides an …. Measures of business cycle similarity are ordinarily used to evaluate preparedness of candidate countries to join the Eurozone …. The results indicate continuing convergence of the business cycle similarity between the candidate and Eurozone member …
Persistent link: https://www.econbiz.de/10008478682
Persistent link: https://www.econbiz.de/10008526505
What are the prospects for New Member States to join the euro-zone in the not too distant future? They seem to be in a … short and medium term, which would make it hard for them to join the eurozone. But there is also an argument, which … highlight benefits of a faster accession due to dynamic effects for the countries involved and for the eurozone as a whole. …
Persistent link: https://www.econbiz.de/10008529035
After the recent global financial crisis several countries on the eurozone’s south-western periphery, in particular …, the construction of the eurozone, in particular the rules of conduct for the participating countries, needs to be … political design for a more prosperous and stable development of the eurozone. …
Persistent link: https://www.econbiz.de/10008532032