Showing 15,501 - 15,510 of 15,732
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10011090527
The euro countries currently experience a severe government debt crisis. Since Greece asked for financial assistance in …
Persistent link: https://www.econbiz.de/10010980404
This paper deals with the question of what impact membership of the European Monetary Union (EMU) has had on small European states. We will also analyze whether or to what extent a large number of small member states affect the EMU itself when they vastly outnumber the large countries. We...
Persistent link: https://www.econbiz.de/10010980762
The article discusses possible implications of European Monetary Union (EMU) on member states' budget policies. It predicts that the non-bail-out clause will not work.
Persistent link: https://www.econbiz.de/10010981038
To deal with changes of capitalized seignorage due to EMU, we supply the still missing capital-theoretical framework. We show that seignorage pooling of EMU is composed of two components, a dynamic component and a static component. By its dynamic component, the pool provides insurance against...
Persistent link: https://www.econbiz.de/10010984081
In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … methods. We draw a distinction between movements within Germany, circulation outside Germany but within the euro area and … demand from non-euroarea countries. Our approach suggests that only about 20% of euro notes issued by Germany are used for …
Persistent link: https://www.econbiz.de/10010985202
The Bank of the Euro, that is the European Central Bank, is the topic of this paper, since on January 1999 started the … European Monetary Union that introduced a single currency, the euro, which in turn will be managed by the European Central Bank … European Central Bank, or the Bank of the Euro, will play effectively and efficiently its role and ensure the stability and …
Persistent link: https://www.econbiz.de/10011201262
This paper examines the effect of the Euro on financial performance of companies in the European countries. The main … of the Euro. Furthermore, evidence points at significant convergence in financial performance for countries that …
Persistent link: https://www.econbiz.de/10011206104
policies in the USA, the Euro area, and Japan. Findings – Exchange rates have been influenced by macroeconomic fundamentals and … comparison with domestic monetary policies in the USA, the Euro Area, and Japan. JEL classification: E44, E52, F31 …
Persistent link: https://www.econbiz.de/10010561129
Czech Republic, Hungary, and Poland are set to join the European and Monetary Union (EMU) in the near future. This paper offers a framework for the quantitative evaluation of the economic costs of joining the EMU. Using an open economy dynamic general equilibrium model with sticky prices, we...
Persistent link: https://www.econbiz.de/10010561300