Showing 1 - 10 of 34,582
French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …-Zone never fulfilled the most crucial preconditions of an optimal currency area. The peg to the EMU, orientated at the interests …
Persistent link: https://www.econbiz.de/10005260329
The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the analysis is to examine the idea that an independent money and exchange...
Persistent link: https://www.econbiz.de/10005789208
. The use of the euro as a formal parallel currency in accession countries prior to EMU membership (or even prior to EU … accession and during the period following EU accession but prior to EMU membership. We conclude that from an economic point of … view, EMU membership should be as early as possible, preferably at the same time as EU membership. The prevailing …
Persistent link: https://www.econbiz.de/10005661669
The paper critically considers the endogenous Optimum Currency Areas (or e-OCAs) theory, focussing initially on early studies having identified a relevant link between the creation of a monetary union and an upgrading of trade intensity between member countries, on the one hand, and the increase...
Persistent link: https://www.econbiz.de/10010991484
economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10010305207
economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …
Persistent link: https://www.econbiz.de/10009129843
French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …, as the CFA - Zone never fulfilled the most crucial preconditions of an optimal currency area. The peg to the EMU …
Persistent link: https://www.econbiz.de/10012746668
This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in some neighboring countries. The analysis is based on recent data and each Eurozone member country is compared with an aggregate series corresponding to an area made up of the...
Persistent link: https://www.econbiz.de/10013317269
Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern … proposed set of indicators and it is estimated Balassa-Samuelson Effect on non-Euro countries. …
Persistent link: https://www.econbiz.de/10009644766
gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Lander. The euro, as …Study on sovereign bond market integration and the role of the euro, trading platforms and globalisation. We … disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU countries, the UK …
Persistent link: https://www.econbiz.de/10008577459