Economic and Monetary Union (EMU)
A Theoretical Approach of Economic and Monetary Union, Does Practice Vindicate Liberal
... national economic policy, since its core (monetary policy) was transferred to the hands of a supranational institution (the European Central Bank) that is constitutionally independent from national ...
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The Integration in the Economic and Monetary Union: when?
... barriers and, moreover, it will be much stronger, while the EMU will expand by integrating new ...currency and considers that, for its ten years of existence, it has been stable ...deepest economic ...
8
Measuring divergence/convergence within the Economic and Monetary Union
... The Economic and Monetary Union was an advance stage towards a complete integration across European ...maturities and using high-frequency ...markets and, future implications for ...
85
The Credit Channel Transmission of Monetary Policy in the European Union
... the Economic and Monetary Union (EMU) and obtained rather similar conclusions on the relative homogeneity of the behaviour of the EU banking institutions and the importance of ...
10
THE PRO AND CONS OF THE NEW TREATY ON STABILITY, COORDINATION AND GOVERNANCE IN THE ECONOMIC AND MONETARY UNION
... Stability and Growth Pact (SGP) - medium-term objective of which was that budgetary positions of euro zone Member States to be "close to balance or in surplus", the new treaty includes the requirement that ...
10
HISTORY AND CRITERIA OF THE EUROPEAN MONETARY INTEGRATION
... a monetary union and European currencies was less felt explained by several reasons: the world economy is expanding at the time, the international monetary system based on the Bretton Woods ...
6
THE COMPETITIVENESS OF EMU MEMBER STATES IN THE FINANCIAL CRISIS
... global economic expansion and the ongoing economic integration within the euro area partly masked the problems arising from these differential ...advantages and disavantages of the ...
6
Is the European Central Bank a Case for Institutional Adaptation to the Challenges of Globalisation?: implications for European Union’s Democratic Legitimacy
... legitimacy and the intertwined weak pattern of accountability the ECB ...which Economic and Monetary Union (and the ECB by large) plays a prominent ...process, and the ...
27
Ukraine Between The EU And The CES In Global Instability
... the Economic and Monetary Union of the EU was based on the approach that included a number of significant drawbacks, which later caused powerful crisis phenomena…; in 1999, Europe was not yet ...
21
Current Imbalances and Main Adjustment Mechanisms in the European Monetary Union
... European Union was achieved in a process that did not strictly observe the recommendations of the economic theory of an optimal monetary ...European Monetary Union represented the ...
9
A monetary union for the ASEAN? - An empirical assessment
... security and political stability as well as preventing the dissemination of communist ideology (Eccleston et ...closer economic cooperation. The Framework Agreement on Enhancing ASEAN Economic ...
56
Costs of Adopting a Common European Currency. Analysis in Terms of the Optimum Currency Areas Theory
... a monetary union are encountered at a macroeconomic ...a monetary union, the countries lose important tools of the economic policy, respectively those which are specific to the ...
12
Bank efficiency, market concentration and economic growth in the European Union
... to economic growth (empirically confirmed by the large strand of literature mostly following the pioneering contribution of King and Levine, ...European Monetary Union, or to become a new EU ...
37
Monetary union and productivity differences in mercosur countries
... (1975) and recently discussed in IDB (2001, 2002) for the case of Latin America, inside a currency union, the exchange rate can only be used to gain competitive- ness against third countries and not ...
27
Rev. Sociol. Polit. vol.22 número50
... – and caused – the emergence of the current pattern? In practical terms, as was already discussed earlier, it seems clear that the set-up of the institutional and political arrangements of monetary ...
16
Effects of a monetary union on a small peripheral country: Stabilization and competitiveness in Portugal
... Portuguese economic aut horiti es lose m onetar y i ...cators, and on current account d ynami cs t rough a decom posit ion of the current account ...
25
THE POLICY OF THE EXCHANGE RATE PROMOTED BY NATIONAL BANK OF ROMANIA AND ITS IMPLICATIONS UPON THE FINANCIAL STABILITY
... International Monetary Fund and the European Union - a Support for the Consolidation of the Macroeconomic Balance and the Financial System Under the circumstances of a slow recovery from the ...
6
THE EUROPEAN UNION CONVERGENCE IN TERMS OF ECONOMIC AND HUMAN DEVELOPMENT
... an economic phenomenon, the social situation of individuals that affects individual and national productivity aggregate being essential for the stability and sustainability of economic growth ...
20
Debt and economic growth in the European Union : what causes what?
... Before proceeding with our estimations, we need to test the stationarity of the used series. The number of observations in our panels does not recommend the application of single-unit root tests for time series. ...
37
STATE AIDS AND ECONOMIC COMPETITIVENESS FROM THE EUROPEAN UNION PERSPECTIVE
... - and my collaborators and experts in the field of State confronted many ...principles and rules for State aid granting, as well as the related authorizing and monitoring mechanisms, in order ...
4