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confronting euro area governments. It suggests that pooling fiscal risks, creating an EU Treasury and issuing jointly-backed euro … advantages and disadvantages of euro bonds and concludes that issuing euro bonds can transform a market that is fragmented along … investors and wealth managers to use euro bond instruments as a tool for payment or transactions needs as well as short …
Persistent link: https://www.econbiz.de/10013111171
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/10013094696
The increased heterogeneity of the European market after the prospective joining of the acceding countries to EMU could imperil the latter’s stability. It is widely expected that following enlargement the optimality conditions of the eurozone will decrease, implying a more difficult...
Persistent link: https://www.econbiz.de/10008490675
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/10008533991
Persistent link: https://www.econbiz.de/10005062820
L'article traite de l'adhesion du Royaume-Uni a l'UEM. L'analyse de la Zone de monnaie optimale (ZMO) ne fournit que de faibles arguments en faveur de l'adhesion, car le Royaume-Uni est situe dans la peripherie et non dans le noyau de l'UEM. Cependant, les couts possibles de l'isolement (risques...
Persistent link: https://www.econbiz.de/10005607252
current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining …
Persistent link: https://www.econbiz.de/10005621973
Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that has been built up over the last two decades or more....
Persistent link: https://www.econbiz.de/10010625526
Since 2007, the economic and monetary situation in the euro Area has been seriously affected by the developments … be reconsidered, stability became an issue and the Euro adoption has been put into a different perspective. Current … candidate countries, including Romania must approach the Euro Area membership in more restrictive and rigorous manner. This …
Persistent link: https://www.econbiz.de/10010819600
The global economic and financial crisis has raised further concerns about the euro-entry criteria, in addition to … price level convergence of Central and Eastern European countries, and the continuous violation of the criteria by euro … relate all numerical criteria to the average of the euro area and simultaneously to extend the compliance period from the …
Persistent link: https://www.econbiz.de/10010822432