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of existing national public debts is involved. Instead, the Euro Treasury is established as a means to pool eurozone …The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is … the euro are assessed and found lacking. A “Euro Treasury” scheme operating on a strict rule and specifically designed not …
Persistent link: https://www.econbiz.de/10013072675
the transaction data of the most important euro payment processing system TARGET2, for maturities ranging from one day …. The results focus on three levels: euro-area, country group and country (Italy and the Netherlands) …
Persistent link: https://www.econbiz.de/10013048160
This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of … French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011 …-2012. The employed GARCH models show that CRA downgrade announcements negatively affected the value of the Euro currency and …
Persistent link: https://www.econbiz.de/10010206145
developments in the euro area since the adoption of the euro in 1999, going through four cyclical phases "conditioning" ECB …
Persistent link: https://www.econbiz.de/10011959260
have had even worse results for Germany. Fragility and divergence undermine the euro's longterm survival. -- German …
Persistent link: https://www.econbiz.de/10003229840
20 years after the Maastricht Treaty, the Euro Zone (EZ) is on the brick of disaster because some of the EZ countries … higher inflation originated the accumulation of massive external deficits. Now the Euro has been converted in a straitjacket … (LCU) the pre-Euro current currency on a crawling peg exchange regime to the Euro and that it will b) introduce a “risk …
Persistent link: https://www.econbiz.de/10013108039
all the ten new EU countries, adopting euro as national currency seemed to be, at least until very recent, a priority … all the countries, voluntarily, must evaluate and take into account some real convergence criteria.Even if the euro … the next few years mainly in the catching-up process, and we must expect, before the euro adoption (even if we could …
Persistent link: https://www.econbiz.de/10012732450
have had even worse results for Germany. Fragility and divergence undermine the euro's long-term survival …
Persistent link: https://www.econbiz.de/10012735028
The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …
Persistent link: https://www.econbiz.de/10012265943
euro, from the inception of the currency in 2002 through to 2013. An original applied statistical approach searches for a … points in time of the euro integration process. These hypotheses are tested using the rigour of a bivariate analysis and the … labour productivity. The paper concludes that in the last decade the convergence of countries sharing the euro has been …
Persistent link: https://www.econbiz.de/10011542637