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Integration and disintegration of EMU government bond markets

Leschinski, Christian; Voges, Michelle; Sibbertsen, Philipp - In: Econometrics : open access journal 9 (2021) 1, pp. 1-17

It is commonly found that the markets for long-term government bonds of Economic and Monetary Union (EMU) countries … were integrated prior to the EMU debt crisis. Contrasting this, we show, based on the interrelation between market … integration and fractional cointegration, that there were periods of integration and disintegration that coincide with bull and …

Persistent link: https://www.econbiz.de/10012503993

Measurement of Costs and Benefits of Accession to the European Union for Selected Countries in Central and Eastern Europe

Mortensen, Jorgen; Richter, Sandor - 2000

research focused particularly on the impact of the emerging EMU and on the application of the CAP, Structural Funds and the …

Persistent link: https://www.econbiz.de/10012100001

Securing Financial Stability: Problems and Prospects for New EU Members

Bonello, Michael C; Saccomanni, Fabrizio; Buch, Claudia M. - 2003

1) Stability Oriented Monetary and Prudential Policies in EU Accession Countries, by Michael C. Bonello 2) Ensuring Financial Stability: Global and European Perspectives, by Fabrizio Saccomanni 3) Foreign Bank Ownership: A Bonus or Threat for Financial Stability? by Claudia M. Buch, Jörn...

Persistent link: https://www.econbiz.de/10011689910

Imbalances? What imbalances? A dissenting view

Wray, L. Randall - 2012

It is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected to an exogenous shock seeks equilibrium through the stabilizing market forces unleashed by the...

Persistent link: https://www.econbiz.de/10010286507

The transmission of monetary shocks in the euro area: a V AR analysis based on euro-wide data

Kakes, Jan; Pattanaik, Sitikantha - In: BNL Quarterly Review 53 (2000) 213, pp. 171-186

Using area-wide data, we simulate the responses of inflation and real output following monetary shocks in the EMU. We …

Persistent link: https://www.econbiz.de/10010854301

What central banks have learned: lessons from pre-EMU Europe

Houben, Aerdt C.F.J. - In: BNL Quarterly Review 54 (2001) 218, pp. 289-311

This paper examines the intentions and outturns of central bank policies in Europefrom the collapse of the Bretton Woods system of fixed exchange rates until the start ofEMU in 1999. It focuses on the lessons that can be drawn from the three dominant policy strategies of money targeting,...

Persistent link: https://www.econbiz.de/10010854332

Der Euro, ein Segen für Afrika? Folgen der Anbindung der afrikanischen Franc-Zone an den Euro

Kohnert, Dirk - Volkswirtschaftliche Fakultät, … - 1998

-Zone never fulfilled the most crucial preconditions of an optimal currency area. The peg to the EMU, orientated at the interests …

Persistent link: https://www.econbiz.de/10005260329

Measurement of Costs and Benefits of Accession to the European Union for Selected Countries in Central and Eastern Europe

Mortensen, Jorgen; Richter, Sandor - Wiener Institut für Internationale … - 2000

research focused particularly on the impact of the emerging EMU and on the application of the CAP, Structural Funds and the …

Persistent link: https://www.econbiz.de/10009649620

Monetary policy and wage bargaining in the EMU: restrictive ECB policies, high unemployment, nominal wage restraint and inflation above the target

Hein, Eckhard - In: BNL Quarterly Review 55 (2002) 222, pp. 299-337

(EMU), the first step sees development of a Post-Keynesian competitive claims model of inflation with endogenous money. In … the EMU, different scenarios determined by wage bargainingcoordination and the European Central Bank's (ECB) monetary … policies are developed. It is shown that the first phase of the EMU was dominated by uncoordinated wage bargaining across the …

Persistent link: https://www.econbiz.de/10010752493

Monetary policy and wage bargaining in the EMU: restrictive ECB policies, high unemployment, nominal wage restraint and inflation above the target

Hein, Eckhard - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 222, pp. 299-337

Persistent link: https://www.econbiz.de/10010752540