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Alors qu'il n'est plus inconvenant d'imaginer une sortie de la Grèce, voire d'autres pays, de la Zone euro, on ne peut …
Persistent link: https://www.econbiz.de/10010899617
Persistent link: https://www.econbiz.de/10010900576
We use a panel of thousands of good-level prices before and after the euro in order to compare the determinants and … substantially smaller role in lowering cross-country dispersion after the adoption of the euro as compared to before, and that the … role of non-traded inputs in raising price dispersion is also reduced after the euro. We then compare the overall and …
Persistent link: https://www.econbiz.de/10010901485
This paper seeks to review a selection of ten salient critical claims about Economic and Monetary Union (EMU) that were heard in the 1990s in either the Political Science literature or the Economics literature or both. In this paper, the author focuses on five salient Political Science claims...
Persistent link: https://www.econbiz.de/10010691755
This paper provides a challenging view to the tax harmonisation issue. The literature often proposes tax harmonisation to avoid free-riding behaviours in free-trade areas and more particularly in monetary unions. Without tax harmonisation, tax autonomy may lead to a "race to the bottom". The...
Persistent link: https://www.econbiz.de/10010691756
After the fuzziness in Europe that surrounded the implementation of the excessive deficit procedure foreseen by the Stability and Growth Pact (SGP), the European Union had to restore the credibility of the weakened fiscal rule. The constraint was to keep alive the Treaty of Amsterdam. Indeed, an...
Persistent link: https://www.econbiz.de/10010691758
This paper exposes an evaluation of the bilateral exchange rate developments of the US dollar against the euro, the …, pointing out several important features of the evolution of this market after the introduction of the euro. …
Persistent link: https://www.econbiz.de/10010693074
The destructive potential of the sovereign debt crisis of the euro area has been slowly abating since last summer, but … euro area, and the other being an erosion of trust in the viability of the euro area itself. Such concerns have led to talk … the crisis or the future of the euro area. While the crisis is a traumatic wake-up call, it is also a catalyst for change …
Persistent link: https://www.econbiz.de/10010693504
The creation of the European Monetary Union was both a political and an economic decision considered to be a success for almost a decade. Starting from 2008-2009, the EMU has been facing the most difficult moments of its existence. This paper aims at analyzing the impact of the current financial...
Persistent link: https://www.econbiz.de/10010698009
This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and emerging market countries. It finds that in emerging market countries there is a significant correlation between spreads and debt levels. This correlation,...
Persistent link: https://www.econbiz.de/10010761492