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The eurozone is in political and economic crisis. This is due to the inadequate design of the institutional structure of the eurozone and to the current poor implementation of macroeconomic policy. In designing the eurozone, well established principles of economics were ignored and major...
Persistent link: https://www.econbiz.de/10013080282
Which ways and means are available for the macroeconomic and fiscal coordination and/or integration within the EMU-framework? Which are the pros and cons of these scenarios? This paper combines economic theory, empirical analysis and insights regarding EMU's institutional history in order to...
Persistent link: https://www.econbiz.de/10013061150
The Eurocrisis displays an astonishing similarity to the causes of the Great Depression in the form of massive current account imbalances, destabilising capital flows, financial fragility, and the commitment to defending a fixed exchange rate arrangement by means of austerity and internal...
Persistent link: https://www.econbiz.de/10012947871
The launch of the EMS, far from being the result of deep economic thinking, was the somewhat unexpected outcome of political initiative. The rather casual economic debate that took place at the time is appraised by examining some problems that were at the centre of the negotiations in 1978. Some...
Persistent link: https://www.econbiz.de/10014144609
Spanish abstract: Este trabajo pretende analizar someramente un evento de lo que consideramos la crisis estructural de la zona euro: el conflicto independentista en Cataluña (2017). Nos concentraremos en el análisis del fenómeno económico, entendiéndolo como consecuencia de la crisis del...
Persistent link: https://www.econbiz.de/10012825739
By drawing on information from public accounts from the nineteenth and twentieth century the present paper aims at mapping the development of key financial indicators for the Norwegian central government sector. It concludes that growth in the size of this sector often, but clearly not always,...
Persistent link: https://www.econbiz.de/10013053637
By drawing on information from public accounts from the nineteenth and twentieth century the present paper aims at mapping the development of key financial indicators for the Norwegian central government sector. It concludes that growth in the size of this sector often, but clearly not always,...
Persistent link: https://www.econbiz.de/10010775186
Cooperative Institutional Protection – a Necessary Instrument for Strengthening Customer Trust and Risk Management in Local Banking Groups: The protection scheme of the cooperative financial network goes back to the guarantee funds of the German ‹Volksbanken›, the world's oldest...
Persistent link: https://www.econbiz.de/10011661918
Research on the economics and sociology of business networks also sheds light on the development of networks of countries. The British Commonwealth was an important global network, or group of networks, in the mid-twentieth century. Commonwealth members, including Australia and New Zealand,...
Persistent link: https://www.econbiz.de/10013116542
This manuscript presents a new combined annual cost of living and consumer price index for Norway covering the period 1492-2017. When previous Norwegian historical consumer price indices partly were constructed on the basis of very limited data, the new historical index is constructed on a...
Persistent link: https://www.econbiz.de/10012907304