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  • 1
    Electronic Resource
    Electronic Resource
    The Changing Nature of Currency Crises (2004)
    Oxford, UK; Malden, USA : Blackwell Publishing Ltd/Inc.
    Journal of economic surveys 18 (2004), S. 0 
    Details
    ISSN: 1467-6419
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Abstract.  Currency crises that have been observed in recent years are not a new phenomenon, but the main features of the crises in Latin America in the 1970s and early 1980s are quite different from the crisis in Europe in 1992. Theoretical literature has evolved over time to account for the changing nature of these crises. While many theoretical and empirical papers have been written about various episodes of these crises, the change in their mechanism over time has not been demonstrated well. This paper fills the gap in the literature by graphically depicting the main features of these crises. Such a visual analysis should allow the reader to better understand and follow the changes in the mechanisms over time.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/j.0950-0804.2004.00224.x
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  • 2
    Electronic Resource
    Electronic Resource
    EMU Policies and the Stability and Growth Pact: Prospects of Macroeconomic Stability (2004)
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Global economy journal 4 (2004), S. 8 
    Details
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: One of the challenges of the Economic and Monetary Union (EMU) is achieving a balanced sustainable expansion of economic activity conducive to macroeconomic stability and financial sustainability of the EMU. In the paper, we evaluate the EMU policies for their effectiveness of smoothening economic cycles in the aggregate. We discuss the pros and cons of the policies and explore the extent to which the EMU institutional framework is likely to facilitate endurance for responding to potential economic shocks and future challenges of the EMU. The paper reveals that the EMU needs a system of credible coordination of monetary and fiscal policies that address economic goals other than price stability. The extent to which EMU policies allow for structural reforms of labor, capital, and product markets will mark the level of responsiveness of the system to handle potential economic disturbances and asymmetric shocks in the Euro region.
    Type of Medium: Electronic Resource
    URL: http://www.bepress.com/gej/vol4/iss2/8
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    Paper (German National Licenses)
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