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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
Denmark, Sweden, and the UK have repeatedly refused to join the European and Monetary Union (EMU). Surprisingly, there is very little work on the welfare consequences of the loss of monetary policy flexibility for these countries. This paper fills this void by providing a framework to evaluate...
Persistent link: https://www.econbiz.de/10010561305
In seinem Kommentar zeigt Dirk Meyer, Helmut-Schmidt-Universität, Hamburg, zwei grundlegende Handlungsalternativen – die Einführung eines dauerhaften Stabilisierungsmechanismus in Verbindung mit einem Umbau der Europäischen Verträge oder eine Neuordnung der Währungsunion im Sinne einer...
Persistent link: https://www.econbiz.de/10010567077
En el presente trabajo se recoge la influencia que ha tenido la introducción del euro sobre el proceso de compra … compra. Si bien otros trabajos se han centrado en analizar los efectos inmediatos de la introducción del euro, la visión que … enfrentan a la compra con importantes dificultades. / The present paper analyses the influence the introduction of the euro has …
Persistent link: https://www.econbiz.de/10010567229
international economy and particularly within the most advanced non Euro‐currency countries; second it attempts to explain the … such as: what is present condition of the eurozone? How solid are the predictions for a hanging collapse of the euro …
Persistent link: https://www.econbiz.de/10014863359
Purpose – The Maastricht inflation criterion has influenced the choice of disinflation strategies of prospective euro … now, reforms later,” bringing inflation down quickly. Their inflation rates increased immediately after their euro … inflation was low prior to the euro and stayed low afterward in inflation‐averse countries, a V ‐shaped inflation path in high …
Persistent link: https://www.econbiz.de/10014866818
Purpose – There have been many studies on the euro's impact on trade volume, foreign direct investment (FDI) and the … securities markets. However, less attention has been paid to the euro's effect on FDI in the real estate industry. The purpose of … this paper, therefore, is to analyze the euro's effect on FDI in the real estate industry between Germany and European …
Persistent link: https://www.econbiz.de/10014862666