Browsing by Subject "F33"

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Title: Are Small Countries Able to set their Own Interest Rates? Assessing the implications of the macroeconomic trilemma Author(s): HERWARTZ, Helmut; ROESTEL, Jan Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: According to the ’macroeconomic trilemma’ the ability of small economies to pursue an independent monetary policy is jointly determined by country specific foreign exchange (FX) rate flexibility and capital mobility. In ...
Title: Currency Unions, Optimal Currency Areas and the Integration of Financial Markets: Central Europe from the Fourteenth to the Sixteenth Centuries Author(s): BOERNER, Lars; VOLCKART, Oliver Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: This paper employs a new method and dataset to estimate the effect of currency unions on the integration of financial markets in late medieval Central Europe. The analysis reveals that membership of a union strongly and ...
Title: Monetary Politics in a Monetary Union: A Note on Common Agency with Rational Expectations Author(s): RUTA, Michele Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: Is the politicisation of monetary policy in a currency union desirable? This paper shows that in a setting where political influence by national governments is modeled as a common agency game with rational expectations, ...

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