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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 criteria to the average of the euro area and simultaneously to extend the compliance period from the currently …
Persistent link: https://www.econbiz.de/10008677580
economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …
Persistent link: https://www.econbiz.de/10011065621
symbols – such as the EURO currency – represents both the integration into a strong and efficient economic system, but also … elements concerning Romania’s accession to the EMU and finally the EURO adoption: Romania’s actual macroeconomic situation, the … optimum sequencing of the Euro adoption and the envisaged official calendar for the EURO adoption. …
Persistent link: https://www.econbiz.de/10005623243
This Paper considers how the European Union, and more specifically the euro area, can contribute to international … internal stability in the euro area and has promoted a dynamic development of capital markets. But in some respects, monetary … positions on exchange-rate policy, the international financial architecture, and the euro as an international currency. …
Persistent link: https://www.econbiz.de/10005114310
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
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
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 criteria to the average of the euro area and simultaneously to extend the compliance period from the currently …
Persistent link: https://www.econbiz.de/10008642435
The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...
Persistent link: https://www.econbiz.de/10010507549
The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...
Persistent link: https://www.econbiz.de/10010367480
governments and a lack of political leadership of the European institution , while the governance of the euro area has been … Council, named the ‘Pact for the Euro’, to design a new governance of the EMU, can be considered a fairly significant step for … framework set by the Pact for the Euro, underlines the need for appropriate institutions and a stronger attitude to cooperate …
Persistent link: https://www.econbiz.de/10009226948