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the Euro -- Chapter 4: Crisis and Public Support for the Euro, 1990-2014 -- Chapter 5: Political Economy of EMU …The long-term sustainability of the euro and the Economic and Monetary Union (EMU) depends heavily on their ability to … his research on public support for and the economics and the political economy of the euro and EMU. . …
Persistent link: https://www.econbiz.de/10013040878
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Like in 2006, the balance of payments for 2007 shows that the increase in resident banks’ international liabilities made it possible to cover the current account defi cit and the outfl ows related to direct and portfolio investment.
Persistent link: https://www.econbiz.de/10009274750
In 2006, the international resources of financial and monetary institutions covered the current account defi cits and the net outflows relative to direct and portfolio investment.
Persistent link: https://www.econbiz.de/10009283324
This paper documents that cross-border investment income flows are important for explaining current account balances in major economies. Those investment incomes reflect returns on cross-border asset holdings and on balance often reach magnitudes around 5% of major economies' gross domestic...
Persistent link: https://www.econbiz.de/10014515875
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
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of various members of European Monetary Union (EMU), on the basis of their location advantages during 1980-2010 period …. The model focuses on the impact of EMU on FDI inflows and indicates that the monetary union has differentiated impact on … FDI inflows across individual member countries. Euro zone membership is statistically significant but a negative …
Persistent link: https://www.econbiz.de/10010255262
-euro area assets/liabilities, before stage 3 of EMU. A number of key factors determining the currency distribution of … a special emphasis on the first year of the euro. A contribution is made as to how to measure these roles, both for … identification of changes in the role of the euro during 1999 compared to the aggregate of euro predecessor currencies, net of intra …
Persistent link: https://www.econbiz.de/10009767695
Persistent link: https://www.econbiz.de/10010201842