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investigates the Eurozone current account sustainability by using unit root tests and cointegration techniques. The results … the current account of the Euro Area could be considered as unsustainable, this being an aspect that has to be approached …
Persistent link: https://www.econbiz.de/10012940283
Wahrscheinlichkeit von Krisen und einer fortgesetzten monetären Expansion erhöhen. -- Leistungsbilanzen ; Krise ; Euro ; Währungsunion …
Persistent link: https://www.econbiz.de/10009152176
increase to reach the European standard would be larger in euro area countries with excessive external surpluses, the …
Persistent link: https://www.econbiz.de/10012251363
We investigate the factors driving current account and monetary policy developments in the euro area. We estimate an … provide evidence for spillovers to the euro area from US preference shocks and US interest rate policy shocks …
Persistent link: https://www.econbiz.de/10014079214
This paper compares financial assistance programmes of four euro-area countries (Greece, Ireland, Portugal, and Cyprus …) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007 … a currency union in the case of euro-area countries. We evaluate the programmes by assessing their success in creating …
Persistent link: https://www.econbiz.de/10011715721
This paper compares financial assistance programs of four euro-area countries (Greece, Ireland, Portugal, and Cyprus …) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007 … currency union in the case of euro-area countries, in which countries faced adjustment through low inflation. We evaluate the …
Persistent link: https://www.econbiz.de/10011635367
In a dynamic panel framework, I investigate the qualitative aspects of factors determining current account imbalances in (country groupings within) the European Union. I consider the standard determinants of current account positions discussed in the past literature, but additionally, I include...
Persistent link: https://www.econbiz.de/10011374320
that the relationship is bi-directional for the EU panelas a whole. Furthermore, we find that in Eurozone countries, before … is greater. Conversely, in non-Eurozone countries, after 2010, in countries with a current account balance-to-GDP ratio …
Persistent link: https://www.econbiz.de/10012649364
Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …
Persistent link: https://www.econbiz.de/10003936156
In zwei Kernländern der Euro-Zone gibt es eine symmetrische Debatte: in Frankreich über die restriktive Finanzpolitik … 2019 mit 1989 vergleicht, also vor der Vereinigung. Die meisten Studien zur relativen Position Deutschlands in der Euro-Zone …There is a symmetrical debate in two Euro area core countries: in France about the restrictive fiscal policy of Germany …
Persistent link: https://www.econbiz.de/10012197774