Digital Euro Within the Categories of International Political Economy [PDF]
Современная ЕвропаOver 100 countries around the world are discussing and implementing projects to introduce central bank digital currencies (CBDCs). In November 2023, the European Central Bank launched a two-year preparation phase for the potential issuance of a digital ...
Olga Butorina
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Hedging and invoicing strategies to reduce exchange rate exposure - a euro-area perspective [PDF]
Domestic-currency invoicing and hedging allow internationally active firms to reduce their exposure to exchange rate variations. This paper argues that domestic-currency invoicing and hedging with exchange rate derivatives allow a fairly straightforward ...
Bj�rn D�hring
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ROMANIA-ADVANTAGES AND DISADVANTAGES OF INTRODUCING THE EURO [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2013 In the process of adopting the single currency, Romania is forced to think carefully about its strategies because sucha process is complex and involves, as everyone knows, both advantages and disadvantages. Depending on theapproach or the distance to the
DOREL DUMITRU CHIRIŢESCU
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An evaluation of IMF surveillance of the euro area [PDF]
The euro-area crisis has exposed deep deficiencies in the governance of European Economic and Monetary Union. However, crisis prevention in, and surveillance of, the euro area are not only the responsibility of European authorities.
André Sapir +2 more
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Plan pour un nouvel ordre monétaire européen : la transformation de l’euro en monnaie commune
Revue Interventions Économiques, 2018 This article explains why the euro has to be abandoned in order to integrate the euro-area member countries monetarily. It first recalls the negative consequences of the adoption of a single European currency by a number of countries whose economies ...
Sergio Rossi
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The euro - what's in it for me? An economic analysis of the Swedish euro referendum of 2003 [PDF]
The Swedish referendum on the euro in September 2003 is an exceptional event for researchers of monetary unions and of European economic integration. Voters chose between maintaining the domestic currency, the krona, and replacing it with the euro, the ...
Jonas Vlachos, Lars Jonung
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Roots of the weaknesses of the euro. Euro nõrkuste juured
Eesti Majanduspoliitilised Väitlused, 2012 The aim of the euro was to speed up the integration process and economic development in Europe. History of euro showed us that these optimistic goals have been only partly fulfilled. This modest result has several essential roots.
Mart Sõrg, Nadežda Ivanova
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Has the Euro Changed Business Cycle Synchronization?Evidence from the Core and the Periphery [PDF]
Using a Bayesian dynamic factor model, I examine the comovement of output, investmentand consumption growth among Euro area countries before and after the introduction of theEuro. For that purpose, I compare a pre-Euro period (1991–1998) to a Euro period(
Sybille Lehwald
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Financial integration, GDP correlation and the endogeneity of optimum currency areas [PDF]
The paper analyzes the relationship between trade, financial integration and business cycle synchronization in the euro area. The introduction of the euro has had a noticeable impact on European financial markets: we find evidence that capital markets ...
Stefano Schiavo
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The Euro: only for the agile [PDF]
Alan Ahearne and Jean Pisani-Ferry explore the implications of economic divergence in the euro area for policy makers, as well as the discipline required to be part of the single currency.
Alan Ahearne, Jean Pisani-Ferry
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