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Debt Spillovers in a Monetary Union: A Novel Rationale for Central Bank Independence
Economics: Journal Articles, 2022 Central bank independence has been championed on the grounds that it avoids political business cycles, the time-inconsistency problem of discretionary monetary policy, and political conflicts.
Campoy Juan Cristóbal +1 more
doaj +1 more source
The inherent benefit of monetary unions [PDF]
Journal of Monetary Economics, 2020 Abstract If the monetary authority lacks commitment, a monetary union can dominate flexible exchange rates. With forward-looking staggered pricing, inertia in the terms of trade—induced by a fixed exchange rate—is a benefit under discretion, since it acts like a commitment device.
Groll, Dominik, Monacelli, Tommaso
openaire +5 more sources
Advanced Science, EarlyView.ABSTRACT Hydrogen sulfide (H2S) can be transformed into hydrogen (H2) through several chemical and catalytic processes, offering a promising route for both waste treatment and clean H2 production. This colorless, flammable, and toxic gas is found abundantly in swamps, volcanoes, hot springs, sewages, other natural gas fields, and even in refineries and
Divyesh Cirikonda +4 more
wiley +1 more source
EIRP Proceedings, 2013 The following paper represents a summary of the main challenges that Romania is facing regarding the accession to the eurozone. The adoption of the single currency in Romania is a nationwide intensely debated topic.
Adrian Constantinescu +2 more
doaj
Premises and Consequences of the Adoption of the Euro as the Single Currency in Romania [PDF]
Risk in Contemporary Economy, 2017 For joining the Economic and Monetary Union, the intermediate objective for Romania is the fulfilment of the requirements of the Treaty of Maastricht which provide the obtaining of concrete results regarding the deficits/budget surpluses, public debt ...
Violeta Elena DRAGOI +2 more
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Advanced Electronic Materials, EarlyView.Invertebrates are the classic neuroscience models and should make a comeback. Invertebrate organisms can be a more ethical and cost‐effective way to move bioelectronics research forward more rapidly. ABSTRACT The accelerating development of bioelectronic neural interfaces has brought increased attention to ethical considerations surrounding in vivo ...
Eric Daniel Głowacki
wiley +1 more source
Monetary Policy and the Financial Accelerator in a Monetary Union [PDF]
International Finance Discussion Papers, 2002 In this paper, we consider the effect of a monetary union in a model with a significant role for financial market imperfections. We do so by introducing a financial accelerator into a stochastic general equilibrium macro model of a two country economy. We show that financial market imperfections introduce important cross-country transmission mechanisms
Kempf, Hubert +2 more
openaire +4 more sources
"Legal Framework of the European Monetary System and the European Monetary Union" [PDF]
, 1995 The Maastricht Treaty created legal precondition for establishing a monetary union. However, before the monetary union is realized, a certain time has to elapse, during which the competences over monetary policy will stay in national hands.
Capeta, Tamara.
core
Ban Glyphosate—Does It Affect the Swedish Farmers' Willingness to Grow Cover Crops?
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT The cultivation of cover crops is one of the new Eco‐scheme practices introduced in Sweden. This study examines how the design of policy attributes of these schemes influences farmers' willingness to grow cover crops on arable land, with particular focus on the potential impact of a glyphosate ban.
Vivian Wei Huang +2 more
wiley +1 more source
Economics and Business Review, 2019 The German unification in 1990 generated many benefits, but also many disappointments. After the introduction of the monetary union between the GDR and West Germany on 1 July 1990, the East German industry collapsed, and mass unemployment became ...
Zank Wolfgang
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