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Article originally published in Banca Nazionale del Lavoro Quarterly Review, vol. 42 n. 172, March 1990, pp. 3-20. Text of the speech of the 1989 Einaudi lecture.
Persistent link: https://www.econbiz.de/10010742222
Which ways and means are available for the macroeconomic and fiscal coordination and/or integration within the EMU-framework? Which are the pros and cons of these scenarios? This paper combines economic theory, empirical analysis and insights regarding EMU’s institutional history in order to...
Persistent link: https://www.econbiz.de/10010227694
euro area on the basis of the recent (2017) related ECB Agreement (under 4).(b) In Chapter Two the focus turns to the ECB … established (mainly but not confined to) in the euro area within the Single Supervisory Mechanism (SSM) (under 3.1), while • the …
Persistent link: https://www.econbiz.de/10012921800
monetary policy in the euro area, as this developed from the establishment of the Eurosystem until today. It is structured in … to the definition of price stability in the euro area. The legal framework governing the implementation of the single … following the recent (2007-2009) global financial crisis (GFC) and the subsequent fiscal crisis in the euro area, discussing in …
Persistent link: https://www.econbiz.de/10013235124
The eurozone is in political and economic crisis. This is due to the inadequate design of the institutional structure of the eurozone and to the current poor implementation of macroeconomic policy. In designing the eurozone, well established principles of economics were ignored and major...
Persistent link: https://www.econbiz.de/10013080282
The Eurocrisis displays an astonishing similarity to the causes of the Great Depression in the form of massive current account imbalances, destabilising capital flows, financial fragility, and the commitment to defending a fixed exchange rate arrangement by means of austerity and internal...
Persistent link: https://www.econbiz.de/10012947871
the (2007-2009) Global Financial Crisis (GFC), the subsequent fiscal crisis in the euro area and the most recent pandemic …
Persistent link: https://www.econbiz.de/10014077291
This study discusses recent and current conditions relating to financial stability in the euro area, developing, in …
Persistent link: https://www.econbiz.de/10014258303
euro, from the inception of the currency in 2002 through to 2013. An original applied statistical approach searches for a … points in time of the euro integration process. These hypotheses are tested using the rigour of a bivariate analysis and the … labour productivity. The paper concludes that in the last decade the convergence of countries sharing the euro has been …
Persistent link: https://www.econbiz.de/10011542637
costs and benefits of alternative solutions for the Euro-countries (the insiders) and for the less homogeneous group of …
Persistent link: https://www.econbiz.de/10012925571