HYPERINFLATION IN THE EURO AREA?

نویسندگان

چکیده

In the non-academic sector in Germany, it is often advocated that expansion of ECB’s money supply would inevitably lead to high inflation or even hyperinflation. This paper explores question whether could arise euro zone, if so how be and The work based on theoretical considerations subject hyperinflation outlines a possible scenario which latter actually become reality. thesis greatest danger zone come Italy / Spain chose leave Union. Covid-19 has increased risk divergent economic developments different countries zone. have reckon with dramatic increase public debt, weak growth deteriorating conditions labour market. main unlikely will not help Spain, but people these may feel aid enough, thus making an exit serious option. If left Eurozone, then they likely opt for orderly exit. That means join EMS II after one-time devaluation EU. was negotiated, disorderly parting commence,

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The Liquidity Effect in the Euro Area

This paper presents an analysis of the liquidity effect in the euro area – the link between the availability of aggregate liquidity and the interbank overnight rate. Applying a set of assumptions which also lead to the “martingale property” of the overnight rate, a model linking the latter to the expected aggregate liquidity conditions is formulated and calibrated. Different assumptions for how...

متن کامل

Housing Finance in the Euro area

In 2009 all ECB publications feature a motif taken from the €200 banknote.

متن کامل

Realized portfolio selection in the euro area

A new approach to mean-variance efficient portfolio selection is introduced. The method is based on realized regression theory and the regression based portfolio selection approach of Britten-Jones (1999), yielding a conditional version of the Britten-Jones (1999) method. Some of the noticeable results of the paper are as follows. Firstly, the monetary union may have had a much less important i...

متن کامل

Fiscal Spillovers in the Euro Area

This paper analyses the dynamic effects of fiscal imbalances in a given EMU member state on the borrowing costs of other countries in the euro area. The estimation of a multivariate, multi-country time series model (specifically a Global VAR, or GVAR) using quarterly data for the EMU period suggests that euro-denominated government yields are strongly linked with each other. However, financial ...

متن کامل

Vii. Inflation Persistence in the Euro Area

Euro area inflation stubbornly above 2 per cent Headline inflation in the euro area has, on average, remained stubbornly above 2 per cent -the upper limit of the European Central Bank’s definition of medium-term price stability -for most of the period since mid-2000. This persistence may seem puzzling in the light of weakness in activity and is only partly explained by factors like oil and food...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of European economy

سال: 2021

ISSN: ['2519-4070', '2519-4089']

DOI: https://doi.org/10.35774/jee2021.02.233