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Economic and political challenges af acceding to the euro zone area: The case of Poland

Woźniak, Przemysław - 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/10011430847

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

Maastricht e o Gerenciamento da União Monetária Europeia

Gontijo, Cláudio - Centro de Desenvolvimento e Planejamento Regional … - 2013

This article shows that, to a large extent, the European sovereign debt crisis resulted from the institutional arrangement of Maastricht, as well as the policies pursued by the European leadership, formatted from the "new macroeconomic consensus" and the theory of optimal economic area. In...

Persistent link: https://www.econbiz.de/10010858842

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

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

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

More Pain, No Gain for Greece: Is the Euro Worth the Costs of Pro-Cyclical Fiscal Policy and Internal Devaluation?

Weisbrot, Mark; Montecino, Juan Antonio - Center for Economic and Policy Research (CEPR) - 2012

This week the Greek government reached agreement with the European authorities and the IMF for 130 billion euros in lending, as part of a new adjustment package to replace the current IMF program that began in May of 2010. Although the agreement should allow the government to avoid default in...

Persistent link: https://www.econbiz.de/10009651286

John Maynard Keynes: Is That you Knocking on the Door?

Kowalski, Tadeusz; Shachmurove, Yochanan - Zakład Ekonometrii Stosowanej, Szkoła Główna … - 2011

This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...

Persistent link: https://www.econbiz.de/10009293018

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

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