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affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing … the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold … Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the …
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This dissertation is a collection of three essays dealing with selected problems of the Euro Area during its most recent crisis. It applies empirical, theoretical, and institutional analyses to gain new insights into many of its financial aspects. The first essay offers an alternative...
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Since August 2014 the Target2 liabilities of the Bank of Italy to the Eurosystem are on an upward trend. From August 2014 to September 2016 they have increased by € 223.7 billion. According to the narrative of the ECB, surging Target2 liabilities of peripheral countries of the euro area would...
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Zentralbankgeld wird vielfach die größte Herausforderung der Geldpolitik gesehen. Im gleichen Jahr führte das ESZB ein neues System … TARGET-Systems der Versuch, die Effektivität der Geldpolitik zu verbessern, indem die Nachfrage nach Zentralbankgeld …
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