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Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the … physical introduction of the new currency nearly 20 years ago, while the euro crisis significantly reduced support for the euro …
Persistent link: https://www.econbiz.de/10012269193
The impact of EMU on the transatlantic exchange rate stability raises the more general question of whether the exchange rate is a useful adjustment instrument or source of instability. We estimate a simple, three-country model for the United States, Germany and France, over the 1972-1995 period....
Persistent link: https://www.econbiz.de/10014181129
find that the Euro adoption will have a noticeable impact on the Polish economic fluctuations. In particular, the … volatility of domestic output increases and the volatility of inflation decreases. Also, in order to quantify the effect of the … Euro adoption, we compute the welfare effect of this monetary policy change. Our findings suggest that the welfare cost is …
Persistent link: https://www.econbiz.de/10013130739
This article analyzes the main issues for monetary policy in new EU member states before their euro adoption. These are … typically rooted in the challenge of fulfilling concurrently of the Maastricht inflation and exchange rate criterion, as these …, written interpretation and revealed interpretation of the inflation and exchange rate criteria. Then we discuss the options …
Persistent link: https://www.econbiz.de/10012731352
This study discusses recent and current conditions relating to financial stability in the euro area, developing, in … particular, on the impact of the current “inflation crisis” on financial stability vulnerabilities. Furthermore, it addresses two …
Persistent link: https://www.econbiz.de/10014258303
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The … ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometersurvey. It … findsthat public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the …
Persistent link: https://www.econbiz.de/10013541792
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The … ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometersurvey. It … findsthat public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the …
Persistent link: https://www.econbiz.de/10013455597
), the problem of instability is simply transferred to inflation rate differentials, what we call the (impossibility of the …) "uncovered inflation rate parity condition" in a monetary union. The analysis of the actual divergences and imbalances in the EMU …, then, suggests that failure to respect the "uncovered inflation rate parity condition" in a monetary union may lead to …
Persistent link: https://www.econbiz.de/10011926988
yen, US dollar, and the Euro interest rates. Whether or not the announcements from the monetary authorities impact the …
Persistent link: https://www.econbiz.de/10009565386
The paper provides empirical evidence on the effects of ECB conventional and unconventional monetary policy on the euro … Governing Council meetings. Both types of measures contributed to the depreciation of the euro from mid-2014; surprises …
Persistent link: https://www.econbiz.de/10012919571