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European monetary integration and aggregate relative deprivation : the dull side of the shiny euro
Stark, Oded; Wlodarczyk, Julia - 2015
Drawing on the premise that the integration of economies revises people's social space and their comparators, we quantify social stress by aggregate relative deprivation, ARD; we calculate the effect of monetary mergers on ARD; and we document the validity of the superadditivity property of ARD...
Persistent link: https://www.econbiz.de/10011281232
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Exchange rate arrangements in the run-up to the EMU : some experience in currency board countries
Kielyte, Julda - 2002
Since the beginning of the transition process from centrally planed to market economies, East European countries have experienced relatively high inflation and a market depreciation of their currency. Their monetary systems have gone through dramatic changes in the recent ten years, making the...
Persistent link: https://www.econbiz.de/10011511064
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Europe and the Future of International Monetary Law
Feibelman, Adam - 2013
Persistent link: https://www.econbiz.de/10013086690
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The Fragility of Two Monetary Regimes : The European Monetary System and the Eurozone
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 …
Persistent link: https://www.econbiz.de/10013074520
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Hard/Soft Monetary Unions and Blockchain Dynamics
Hegadekatti, Kartik - 2017
The Brexit issue has caused much concern regarding the future economic scenario of Europe in particular and the world in general. There are several reasons for Brexit. One of them is that the very nature of Monetary Unions is its rigidity. The 'one size fits all' yardstick won't apply to many...
Persistent link: https://www.econbiz.de/10012956687
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The fragility of two monetary regimes : the European Monetary System and the Eurozone
De Grauwe, Paul; Ji, Yuemei - 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. …
Persistent link: https://www.econbiz.de/10011590398
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National and Regional Solutions to Global Challenges Problems of Monetary Policies and Regional Monetary Cooperation in East Asia and the European Union
Kalinowski, Thomas - 2012
This paper presents some thoughts on what we can learn from investigating European and East Asian monetary policies and monetary cooperation in historical comparative perspective. This fresh approach to the ongoing global and regional crises highlights the necessity to view problems of national...
Persistent link: https://www.econbiz.de/10014163943
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Monetary Union and the Need for Reserves
Mushin, Jerry - 2010
Persistent link: https://www.econbiz.de/10013149218
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Exchange Rate Policies for the Transition to Emu
Bofinger, Peter; Wollmershaeuser, Timo - 2005
In this paper we formalize the framework for monetary and exchange rate policy presented in Bofinger and Wollmershäuser [2001a]. We develop a simple comparative static model for an open economy that allows us to discuss monetary policy under the exchange rate strategies of independently...
Persistent link: https://www.econbiz.de/10014066373