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An Optimum Currency Crisis
Pasimeni, Paolo - Volkswirtschaftliche Fakultät, … - 2013
This paper presents an ex-post assessment of the current situation of the Economic and Monetary Union (EMU) in light of … weaknesses of the EMU became evident. Third, as it had been foreseen, the cost of the adjustment after the shock fell mainly on … suggested, the lack of common mechanisms of adjustment dramatically increased socio-economic divergences within the EMU. …
Persistent link: https://www.econbiz.de/10011110029
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La sostenibilità dell’UEM, il completamento dell’unione economica e i rapporti con l’unione politica - EMU Sustainability, Economic Union Completion and Links with the Political Un...
Praussello, Franco - In: Economia Internazionale / International Economics 61 (2008) 2-3, pp. 481-505
This paper studies the relationship between EMU sustainability and the European Political Union. Following De Grauwe … setting up of EMU could produce shocks putting at risk the latter’s survival. Long term sustainability of EMU requires a full …
Persistent link: https://www.econbiz.de/10005005760
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A new governance for the EMU and the economic policy framework
Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2011
Council, named the ‘Pact for the Euro’, to design a new governance of the EMU, can be considered a fairly significant step for …
Persistent link: https://www.econbiz.de/10009226948
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Should We Worry About the Fiscal Numerology of Maastricht?
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1992
in Economic and Monetary Union (EMU), net general government borrowing may not exceed 3% of GDP and general government …
Persistent link: https://www.econbiz.de/10005123517
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One Money, One Cycle? The EMU Experience
Gächter, Martin; Riedl, Aleksandra - 2013
cycles among members of Economic and Monetary Union (EMU) which might arise due to the lack of country-specific monetary …
Persistent link: https://www.econbiz.de/10013370103
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Business cycle convergence or decoupling? Economic adjustment in CESEE during the crisis
Gächter, Simon; Riedl, Alesandra; … - 2013
We analyze business cycle convergence in the EU by focusing on the decoupling vs. convergence hypothesis for central, eastern and south eastern Europe (CESEE). In a nutshell, we find that business cycles in CESEE have decoupled considerably from the euro area (EA) during the financial crisis in...
Persistent link: https://www.econbiz.de/10012148689
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One Money, One Cycle? The EMU Experience
Gächter, Martin; Riedl, Aleksandra - Oesterreichische Nationalbank - 2013
cycles among members of Economic and Monetary Union (EMU) which might arise due to the lack of country-specific monetary …
Persistent link: https://www.econbiz.de/10011015322
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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
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Business cycle convergence or decoupling? Economic adjustment in CESEE during the crisis
Gächter, Martin; Riedl, Aleksandra; … - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
We analyze business cycle convergence in the EU by focusing on the decoupling vs. convergence hypothesis for central, eastern and south eastern Europe (CESEE). In a nutshell, we fnd that business cycles in CESEE have decoupled considerably from the euro area (EA) during the financial crisis in...
Persistent link: https://www.econbiz.de/10010818572
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One money, one cycle? The EMU experience
Gächter, Martin; Riedl, Aleksandra - In: Journal of Macroeconomics 42 (2014) C, pp. 141-155
among members of Economic and Monetary Union (EMU). Empirical evidence on this relationship is rare so far and suffers from …
Persistent link: https://www.econbiz.de/10011118002