Results 11 to 20 of about 10,156 (216)
The Macroeconomic Impact of the Euro [PDF]
Scientific Annals of Economics and Business, 2019 This paper examines whether the establishment of the euro caused structural breaks in the main macroeconomic relationships of member countries. It compares eight original members of the common currency with four European countries that did not join.
Veronika Akhmadieva, Ron P. Smith
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The euro introduction and noneuro currencies [PDF]
Applied Financial Economics, 2005 This paper documents the existence of large structural breaks in the unconditional correlations among the British pound, Norwegian krone, Swedish krona, Swiss franc, and euro exchange rates (against the US dollar) during the period 1994-2003. Using the framework of dynamic conditional correlation (DCC) models, we find that such breaks occurred both at ...
Haris Munandar +2 more
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Federal Reserve Bulletin, 1999 The introduction on January 1, 1999, of the euro--the single currency adopted by eleven of the fifteen countries of the European Union--marked the beginning of the final stage of Economic and Monetary Union and the start of a new era in Europe. The creation of a single currency and a single monetary policy has provided both extraordinary challenges and
Carol C. Bertaut, Murat F. Iyigun
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European Journal of International Relations, 1999 This article attempts to explain the variation in post-Maastricht elite attitudes toward the single currency in Western Europe. It concentrates on the British reluctance to join the single currency in the first round as well as the French and German continuing support for it.
RISSE, Thomas +3 more
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Making the Euro Viable: The Euro Treasury Plan [PDF]
SSRN Electronic Journal, 2015 The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime's essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in the euro currency union.
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Lost at Sea: The Euro Needs a Euro Treasury [PDF]
SSRN Electronic Journal, 2013 The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is inherently flawed. Recent reforms have failed to turn the dysfunctional euro regime into a viable one. The investigation is informed by the "cartalist" critique of traditional "optimum currency area" theory (Goodhart 1998).
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The Euro Debt Crisis and Germany’s Euro Trilemma [PDF]
SSRN Electronic Journal, 2012 This paper investigates the causes behind the euro debt crisis, particularly Germany’s role in it. It is argued that the crisis is not primarily a “sovereign debt crisis” but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and the corresponding debt flows that such imbalances give rise ...
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The Euro and Structural Reforms [PDF]
Review of Economics and Institutions, 2008 This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the ...
A. Alesina +2 more
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The Euro and Firm Restructuring [PDF]
SSRN Electronic Journal, 2009 We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected member states� productive structures, distinguishing between within and across sector reallocation. We find evidence that the euro has been accompanied by a reallocation of activity within rather than across sectors.
BUGAMELLI M +2 more
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Panoeconomicus, 2010 It is argued the current eurozone crisis is neither new nor surprising. Fiscal discipline in the eurozone was weak from its creation in 1999, but ongoing economic prosperity limited the damage. Economic recession deepened the impact of crisis on public finance and pushed some eurozone countries to the edge of bankruptcy.
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