Showing 1 - 10 of 229,618
interest rates. The results based on the performance of the EMS yield information about future prospects for the Euro and about … system, the introduction of the Euro will impact the credit markets of ECU members differently and complicate, monetary …
Persistent link: https://www.econbiz.de/10012975623
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
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/10011590398
In this paper we analyze the convergence of interest rates in the European MonetarySystem (EMS) in a framework of changing persistence. This allows us to estimate the exact date of full convergence from the data. A change in persistence means that a time series switches from stationarity to...
Persistent link: https://www.econbiz.de/10013159293
European Union and the Single European Market, and we propose a controlled dismantlement of the Eurozone. In this paper, we … undertake a deeper analysis of the measures which would minimize the risks throughout the process of the Eurozone dismantlement … decision to replace the euro with an alternative system of currency coordination.· The dismantlement should start with the exit …
Persistent link: https://www.econbiz.de/10013007207
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
Twenty years of euro history confirms the euro's stability and position as the second global currency. It also enjoys … the support of majority of the euro area population and is seen as a good thing for the European Union. The European …
Persistent link: https://www.econbiz.de/10012869760
This study operationalizes the Optimum Currency Area (OCA) to investigate the preparedness of Economic Community of West African States (ECOWAS) members to form a Monetary Union (MU). Inflation and output models are estimated, with the sample 1988:01 to 2017:12 for the former and 1967 to 2016...
Persistent link: https://www.econbiz.de/10012016723
The CFA franc devaluation on 11 January 1994 stands out as the most significant reform within the Franc Zone system since political independences of former African French colonies in 1960, yet a topic shrouded into profound taboo. So far, the economic literature has failed to draw any connection...
Persistent link: https://www.econbiz.de/10014480992
How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this framework to the effect of currency unions on international trade. While we...
Persistent link: https://www.econbiz.de/10011867116