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Monetary Union (EMU), focusing on the German intellectual and historical traditions behind the euro policy regime and its … the euro's guardian of stability, and ultimately the euro itself. Essentially, the national success of the Bundesbank … general perception in Germany today is that the euro crisis has confirmed the soundness of the key “stability …
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), regarding the Euro area aggregate conditions. Notwithstanding, no formal vote has been taken until today and a consensus … might exist within Euro area.Assuming that EMU national central bankers take into account national perspectives from their … on the monetary policy for the Euro-area, situation that will change with EMU enlargement …
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This paper develops a theoretical model which replicates main features of the euro overnight interbank market and the …
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towards the establishment of the ECB and the introduction of the Euro currency …
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The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and … some advocate the euro despite its economic problems because of its assumed favorable effects on European political …
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The European Central Bank (ECB) took many measures to combat the eurozone’s rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …
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