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Dancing alone or together : the dynamic effects of independent and common monetary policies

Lastauskas, Povilas; Stakėnas, Julius - In: Essays in honor of M. Hashem Pesaran : prediction and …, (pp. 217-241). 2022

Persistent link: https://www.econbiz.de/10013201872

MUSE: Monetary Union and Slovak Economy model

Senaj, Matúš; Výškrabka, Milan; Zeman, Juraj - In: Ekonomický časopis : časopis pre ekonomickú … 60 (2012) 5, pp. 435-459

Persistent link: https://www.econbiz.de/10010189685

The fragility of two monetary regimes : the European monetary system and the Eurozone

Ji, Yuemei; 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. This came at …

Persistent link: https://www.econbiz.de/10010210104

Fiscal policy rules in monetary unions

Chortareas, Georgios E. - In: Journal of post-Keynesian economics : JPKE 36 (2013) 1, pp. 85-103

Persistent link: https://www.econbiz.de/10010211932

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2000

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10009781545

Potential output and fiscal rules in a monetary union under asymmetric information

Marattin, Luigi; Meraglia, Simone - 2015

We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information about member states' potential output and, therefore, output gap and (ii) bail-out among member states. In our framework, bail-out lowers the scope for signalling (discrimination) by member states...

Persistent link: https://www.econbiz.de/10011714310

Monetary policy and cross-border interbank market fragmentation : lessons from the crisi

Blattner, Tobias S.; Swarbrick, Jonathan M. - 2017

We present a two-country model with an enhanced banking sector featuring risky lending and cross-border interbank market frictions. We find that (i) the strength of the financial accelerator, when applied to banks operating under uncertainty in an interbank market, will critically depend on the...

Persistent link: https://www.econbiz.de/10011714705

Essays on capital flows and external imbalances in the euro area

Kraus, Lena - 2020

Persistent link: https://www.econbiz.de/10012225221

Macroeconomic stability as the condition for Bulgaria to join the euro area

Moździerz, Anna - In: Equilibrium : quarterly journal of economics and … 14 (2019) 2, pp. 295-315

Persistent link: https://www.econbiz.de/10012232055

One EMU fiscal policy for the Euro

Cole, Alexandre Lucas; Guerello, Chiara; Traficante, Guido - In: Macroeconomic dynamics 24 (2020) 6, pp. 1437-1477

Persistent link: https://www.econbiz.de/10012307286