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Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the … physical introduction of the new currency nearly 20 years ago, while the euro crisis significantly reduced support for the euro …
Persistent link: https://www.econbiz.de/10012269193
The Brexit issue has caused much concern regarding the future economic scenario of Europe in particular and the world in general. There are several reasons for Brexit. One of them is that the very nature of Monetary Unions is its rigidity. The 'one size fits all' yardstick won't apply to many...
Persistent link: https://www.econbiz.de/10012956687
The financial and the euro crisis are currently the most important economic and politico-economic theme, which should … economists. Options are presented how the still ongoing euro crisis can be terminated and how a repetition can be prevented. …
Persistent link: https://www.econbiz.de/10011655775
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by...
Persistent link: https://www.econbiz.de/10013553631
After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments to eurozone institutions and the International Monetary Fund. We show … that the introduction of fiscal currencies would speed up the recovery, without violating the rules of eurozone treaties …
Persistent link: https://www.econbiz.de/10011481615
This paper examines the evolution of public support for the euro since its introduction as a virtual currency in 1999 … popularity o f the euro. We find that a majority of citizens support the e uro in each individual member country of the e uro a … econometric work demonstrates that unemployment is a key driver of support behind the euro. Given these developments, w e discuss …
Persistent link: https://www.econbiz.de/10012007047
Target2 is the Eurozone's cross-border payment system and is mandatory for the settlement of euro transactions … involving Eurozone central banks. It is being used to save the Eurozone from imploding. A key underlying problem is that the … Eurozone does not satisfy the economic conditions for being an Optimal Currency Area, a geographical area over which a single …
Persistent link: https://www.econbiz.de/10012918499
pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area … countries? An SVAR analysis reveals that monetary stress has declined more in the euro area than in the euro areas’ doppelganger … euro becoming a dominant currency. …
Persistent link: https://www.econbiz.de/10012301359
pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area … countries? An SVAR analysis reveals that monetary stress has declined more in the euro area than in the euro areas’ doppelganger … euro becoming a dominant currency …
Persistent link: https://www.econbiz.de/10014091256
much will depend on whose laws govern trade.Managing Euro Risk explains how the problem has arisen. Legally, the Eurozone … has circumvented the Basel rules. Eurozone states can raise funds on the debt markets, behaving as sovereign, but in fact … by an absence of transparent accounting practices. The upshot is that the Eurozone’s financial sector today is under …
Persistent link: https://www.econbiz.de/10014096367