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Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10013071193
This paper presents an updated meta-analysis of the effect of currency unions on trade, focusing on the Euro area. Using meta-regression methods such as funnel asymmetry test, evidence for strong publication bias is found. The estimated underlying effect for currency unions other than Eurozone...
Persistent link: https://www.econbiz.de/10013150363
Persistent link: https://www.econbiz.de/10012781810
stemming from the need to adopt the EU`s institutional and legal provisions in the area of EMU …Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central … and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the …
Persistent link: https://www.econbiz.de/10012782244
The Brexit issue has caused much concern regarding the future economic scenario of Europe in particular and the world in general. There are several reasons for Brexit. One of them is that the very nature of Monetary Unions is its rigidity. The 'one size fits all' yardstick won't apply to many...
Persistent link: https://www.econbiz.de/10012956687
The concept of political and economic integration has not progressed beyond the concept of a Nation-state. The primary reason is the trust deficit among citizens in a supra-national entity. We can use Blockchain systems-which are trustless networks-to resolve this issue. We can float a Regional...
Persistent link: https://www.econbiz.de/10012959669
We re-visit the evidence about the trade benefits of European Monetary Union (EMU), focusing on the experience of … there is no robust evidence of a euro effect, there is evidence that intra-EU trade flows have expanded faster than the … significant boost to their trade from joining EMU …
Persistent link: https://www.econbiz.de/10012962673
Escrito em português, esse artigo versa sobre a estrutura jurídica do mercado bancário nos países fundadores do Mercosul, examinando os desafios da convergência regulatória bancária nesse bloco regional. Esse artigo também explica a evolução dos mercados de capitais e financeiro no...
Persistent link: https://www.econbiz.de/10012905106
Monetary Union in Europe has been the natural response to the combined desire of stabilizing intra-European exchange rates and of lifting permanently all capital controls. The commitment to stable exchange rate has long been rooted in policymakers' conviction that trade integration requires...
Persistent link: https://www.econbiz.de/10012942396
The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The … general conclusion is that the demand of accession countries for entry into The EMU can be supported by looking at the net …
Persistent link: https://www.econbiz.de/10012942397