for assessing this balance and applies it to four OECD economic areas: the euro area, Japan, the United Kingdom and the … the euro area and Japan. In the United Kingdom, the assessment is less clear cut.<P>Les avantages et coûts d'une politique … principales régions économiques de l’OCDE : les États-Unis, la zone euro, le Japon et le Royaume-Uni. L’efficacité d’un stimulus …

periphery of the euro area. This explanation is however totally inappropriate for Italy. Indeed this note shows that the bank of …Since August 2014 the Target2 liabilities of the Bank of Italy to the Eurosystem are on an upward trend. From August … liabilities of peripheral countries of the euro area would be a purely mechanical consequence of the QE, without implying any …

The exchange rate of the rupee is determined largely by the market forces of demand and supply. The Reserve Bank of …

9 years, the Swiss National Bank (SNB) has accumulated foreign reserves surpassing the value of the annual Swiss GDP …

intermediaries have a limited capacity to arbitrage between both bond markets. As a result, the central bank can manipulate the …

Poland is obligated to adopt the euro after the fulfilment, inter alia, of the exchange rate criterion which requires … entering the Exchange Rate Mechanism II (ERM II). The European Central Bank recommends that the ERM II central rate should … estimate real Polish zloty/euro equilibrium rate. Although the main goal of our analysis is to compute measures of current and …

While the financial protection measures enacted by the ECB and the community of Eurozone members have calmed financial … markets, they have left the competitiveness problem of the Eurozone's southern countries and France unresolved. The paper …