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How Should Large and Small Countries Be Represented in a Currency Union?

Berger, Helge; Mueller, Till - 2021

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...

Persistent link: https://www.econbiz.de/10013318847

The Fragility of Two Monetary Regimes : The European Monetary System and the Eurozone

De Grauwe, Paul - 2013

We analyze the similarities and the differences in the fragility of the European Monetary System (EMS) and the Eurozone … foreign exchange markets while in the Eurozone it was the absence of a lender of last resort in the long-term government bond … Eurozone the roles were reversed. The national central banks that became part of the Eurosystem were strengthened …

Persistent link: https://www.econbiz.de/10013074520

After 25 years as faithful members of the EU : public support for the euro and trust in the ECB in Austria, Finland and Sweden

Roth, Felix; Jonung, Lars - 2020

Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century. Support for the euro in the two euroarea members...

Persistent link: https://www.econbiz.de/10012269193

The fragility of two monetary regimes : the European Monetary System and the Eurozone

De Grauwe, Paul; Ji, Yuemei - 2013

Persistent link: https://www.econbiz.de/10011590398

Asymétries de transmission, incertitude additive et stabilisation monétaire en UEM : les enseignements d'un modèle théorique

De Grauwe, Paul; Sénégas, Marc-Alexandre - In: Economie & prévision : EP 173 (2006) 2, pp. 27-41

Persistent link: https://www.econbiz.de/10003404906

Monetary policy design and transmission asymmetry in EMU : does uncertainty matter?

De Grauwe, Paul; Sénégas, Marc-Alexandre - In: European journal of political economy 22 (2006) 4, pp. 787-808

Persistent link: https://www.econbiz.de/10003387485

The Economic Case for Monetary Union in the European Union

Buiter, Willem H. - 1997

Differential requirements for seigniorage provide a weak case for retaining monetary independence. As regards adjustment to asymmetric shocks, nominal exchange rate flexibility is at best a limited blessing and at worst a limited curse. Absence of significant fiscal redistribution mechanisms...

Persistent link: https://www.econbiz.de/10014089435

Common monetary policy with asymmetric shocks

Gros, Daniel; Hefeker, Carsten - 2002

What policy objective should a common central bank in a heterogeneous monetary union pursue? Should it base its decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national welfare losses based on national rates of inflation and growth?...

Persistent link: https://www.econbiz.de/10011409772

The short-run effect of monetary policy shocks on credit risk : an analysis of the euro area

Kim, Chi Hyun; Other, Lars - 2019

We examine the credit channel of monetary policy from 2000 to 2015 in the Euro Area using daily monetary policy shock and credit risk measures in an autoregressive distributed lag model. We find that an expansionary monetary policy shock leads to a short-run increase in the credit risk of...

Persistent link: https://www.econbiz.de/10011963607

Monetary policy after the crisis : a joint publication with the National Bank of Poland

Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.); … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...

Persistent link: https://www.econbiz.de/10011710723