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Policy Words and Policy Deeds : The ECB and the Euro

Bohl, Martin T.; Siklos, Pierre L. - 2007

policies that focuses on what the ECB says about the future economic outlook for the euro area along five different economic … - interest rate relationship is more apparent when the proxy for monetary policy is the euro area - US differential than when any …

Persistent link: https://www.econbiz.de/10014223730

Greece and the Ongoing Sirens’ Song of the Euro

Beretich, Thomas - 2015

How Greece can free itself from the Euro's stranglehold by introducing a new government managed payment system based on …

Persistent link: https://www.econbiz.de/10013029732

The Single Global Currency - Common Cents for Business

Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2007

As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular...

Persistent link: https://www.econbiz.de/10005836848

The Macroeconomic Costs and Benefits of the EMU and other Monetary Unions: An Overview of Recent Research

Beetsma, Roel; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2009

This article provides an overview of recent research into the macroeconomic costs and benefits of monetary unification. We are primarily interested in Europe’s monetary union. Given that unification entails the loss of a policy instrument its potential benefits have to be found elsewhere....

Persistent link: https://www.econbiz.de/10008477181

Is the Euro Sustainable?

Wickens, Mike - Department of Economics and Related Studies, University … - 2007

It is widely recognised that the "one-size-fits-all" monetary policy of the euro-zone is a potential problem. How much … of a problem has not been much investigated. It is argued in this paper that it may result in the euro not being … competitiveness. A formal theory of in.ation in the euro-zone based on an open-economy version of the New Keynesian model is used to …

Persistent link: https://www.econbiz.de/10005523960

The Single Global Currency - Common Cents for Commerce

Bonpasse, Morrison - Volkswirtschaftliche Fakultät, … - 2008

As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...

Persistent link: https://www.econbiz.de/10005617198

Economic and Political Challenges of Acceding to the Euro Zone Area: the Case of Poland

Wozniak, Przemyslaw - CASE-Center for Social and Economic Research - 2010

The paper examines economic and political challenges of joining the euro area in the case of Poland. After reviewing … the economic developments since the pre-accession period and assessing economic convergence with the euro area the paper … focuses on the political and institutional challenges of acceding to the euro zone. Special attention is given to the effect …

Persistent link: https://www.econbiz.de/10010625521

Sustainability of Government Debt in the EU

Lejour, Arjan; Lukkezen, Jasper; Veenendaal, Paul - Volkswirtschaftliche Fakultät, … - 2010

This paper addresses the sustainability of government debt in Europe and is motivated by the recent debt increases following the crisis. We evaluate the sustainability in a time frame of ten years in which governments will be able to implement budget rules to get budget deficits under control....

Persistent link: https://www.econbiz.de/10008924824

An Historical Walk Through Recent Financial Crises

Kowalski, Tadeusz; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2011

This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...

Persistent link: https://www.econbiz.de/10009145755

Is the Euro Sustainable?

Wickens, Michael R. - C.E.P.R. Discussion Papers - 2007

It is widely recognised that the "one-size-fits-all" monetary policy of the euro-zone is a potential problem. How much … of a problem has not been much investigated. It is argued in this paper that it may result in the euro not being … competitiveness. A formal theory of inflation in the euro-zone based on an open-economy version of the New Keynesian model is used to …

Persistent link: https://www.econbiz.de/10005789110