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. New descriptive evidence provided in this paper suggests that euro-area countries have made relatively good progress in …
Persistent link: https://www.econbiz.de/10011604642
fiscal deficits that can be systematically higher in the euro area countrie. It also underlines the unresolved conflict …
Persistent link: https://www.econbiz.de/10011111302
the euro which has shown the weaknesses of the European institutions and stressed the heterogeneity of member countries …. The global financial crisis struck the euro area very severely because it coincided with the lack of appropriate policy … euro. In the following section it describes the euro crisis and examines the remedies put in place, noting that despite the …
Persistent link: https://www.econbiz.de/10011258694
of a future Europe without the Euro as state of political and economic marginalisation. I am contrasting this vision by … demanding European values and civic duties that make the common currency Euro sustainable: solidarity among Europeans and … Euro als Zustand von politischer und wirtschaftlicher Bedeutungslosigkeit. Dagegen stelle ich europäische Werte und …
Persistent link: https://www.econbiz.de/10011259362
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
few countries despite the fact that it was during this period that the euro was introduced, allowing a level of … does not simply make individual Member States vulnerable, but endangers the whole of the euro area. …
Persistent link: https://www.econbiz.de/10010826273
A lack of economic convergence among euro member countries seems to be feeding euro-skepticism. Using a Structural … the three core euro members, i.e., France, Germany, and Italy. We provide evidence that the adoption of the euro has …, and the euro-skepticism is not corroborated. …
Persistent link: https://www.econbiz.de/10010840730
This paper deals with the question of what impact membership of the European Monetary Union (EMU) has had on small European states. We will also analyze whether or to what extent a large number of small member states affect the EMU itself when they vastly outnumber the large countries. We...
Persistent link: https://www.econbiz.de/10010980762
This paper discusses the relevance of the Balassa-Samuelson effect for the transition economies since 1990. Their experience is consistent with this hypothesis and the further implications of this are discussed especially in regard to EMU targets for exchange rate stability and inflation.
Persistent link: https://www.econbiz.de/10005585678
market and of the common currency (the Euro). Then, the paper deals with the “constitution” of European Union. Three …
Persistent link: https://www.econbiz.de/10010612103