Has the introduction of the Euro reduced the impact of national borders on cross-border market convergence across the … Euro Area? This paper extends Engel and Rogers (1996) well known work on border effects to cities across Western Europe … over the period 1995 to 2002. While cross-border prices across the Euro Area are still more volatile than within …

To what extent is Greece's current economic crisis the result of monetary policy misalignment between the European … Central Bank and Greece? We use a risk adjusted Taylor Rule to examine Greece's monetary policy from 1993 to the present. We … argue that the monetary policy of the Bank of Greece satisfies several criteria for a good monetary policy. The monetary …

This chapter addresses the issue of institutional reforms for the euro area itself, elaborating on the notion and a … project for a closer and more democratic union to heal economic asymmetries. This is critical for the southern euro area … member-states and especially for the weakest economy among them, Greece, if it is to get its economy back on track and …

euro zone in the face of unsustainable debt problems, given the fact that the EMU lacks a fiscal union. Concerning Greece …-sheet effects upon a devaluation of the drachma. This paper explores what effects a euro exit would have on Greece's economy and … underlining the plausibility of the argument. Despite numerous complications, a euro exit could have been beneficial for Greece …

implementation of the new framework had virtually no impact on the rate of change of real Gross Domestic Product (GDP) for Greece and … the remaining euro area countries, while the impact for year 2013 was negligible. For the Greek economy private …-sectors. In conclusion, the revised national accounts data for the Greek economy confirm the magnitude of the crisis over the …

This paper analyzes the Euro crisis in light of the experience of center-periphery relations over the last 40 years of … renewed financial globalization. The crisis shows the characteristic pattern evident in so many other crises in the developing …

This study examines the asymmetric effects of uncertainties in monetary policy on the demand for money in Greece. In …