Showing 1 - 10 of 325,729
, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies … to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …
Persistent link: https://www.econbiz.de/10009732260
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
Ireland had given up ist own currency in favor of what is essentially a foreign currency - the euro, which is issued by the … European Central Bank (ECB). Every euro issued in Ireland is ultimately convertible, one to one, to an ECB euro. There is … neither the possibility of depreciating the Irish euro nor the possibility of creating ECB euros as necessary to meet demands …
Persistent link: https://www.econbiz.de/10009490197
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific …
Persistent link: https://www.econbiz.de/10012866042
basis points. Contrary to the 2007-2008 crisis during the Euro zone debt crisis, this rise was caused by a stabilization of …
Persistent link: https://www.econbiz.de/10013051064
Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific …
Persistent link: https://www.econbiz.de/10012033212
Ireland had given up its own currency in favor of what is essentially a foreign currency — the euro, which is issued by the … European Central Bank (ECB). Every euro issued in Ireland is ultimately convertible, one to one, to an ECB euro. There is … neither the possibility of depreciating the Irish euro nor the possibility of creating ECB euros as necessary to meet demands …
Persistent link: https://www.econbiz.de/10013110505
The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …
Persistent link: https://www.econbiz.de/10011942687
Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks whether monetary policy could not have been improved. In the last three years, Euroland was confronted with the first external shock. Oil prices increased considerably, leading to...
Persistent link: https://www.econbiz.de/10011492736
There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyse one, but … investigate how joining the Eurozone will affect the business cycle behaviour of the main macroeconomic variables in Poland. We … find that the Euro adoption will have a noticeable impact on the Polish economic fluctuations. In particular, the …
Persistent link: https://www.econbiz.de/10013130739