Integration durch Währungsunion? : der Fall der Euro-Zone

Spahn, Peter

Integration durch Währungsunion? : der Fall der Euro-Zone

dc.contributor.author	Spahn, Peter	de
dc.date.accessioned	2024-04-08T08:47:30Z
dc.date.available	2024-04-08T08:47:30Z
dc.date.created	2012-10-18
dc.date.issued	2012
dc.description.abstract	Old OCA theory recommends to unite homogenous countries so that their macroeconomic interrelations do not pose severe stabilisation problems. New OCA theory rightly criticizes the 1960s flavour of the old approach and believes in the endogenous emergence of an OCA if countries use the facilities of an integrated financial market for their catching-up. Whereas in theories of intertemporal optimisation single agents and national economies succeed to go from indebtedness to development, in EMU they were tempted live beyond their intertemporal budget constraint. Professional observers tended to tolerate high current account deficits and loss of competitiveness as temporary phenomena by relying on the Lawson Doctrine. Actually, some EMU countries could avoid insolvency only by monetising their balance of payment deficit.	de
dc.identifier.swb	372358675
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/5632
dc.identifier.urn	urn:nbn:de:bsz:100-opus-7698
dc.language.iso	ger
dc.relation.ispartofseries	FZID discussion papers; 57
dc.rights.license	publ-ohne-pod	en
dc.rights.license	publ-ohne-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_ubh.php
dc.subject	Optimal currency union	en
dc.subject	Integration	en
dc.subject	Intertemporal balance of payments	en
dc.subject	Walters critique	en
dc.subject	Lawson doctrine	en
dc.subject.ddc	330
dc.subject.gnd	Integration	de
dc.subject.gnd	Währungsunion	de
dc.subject.gnd	Euro <Währung>	de
dc.title	Integration durch Währungsunion? : der Fall der Euro-Zone	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.export.bibtex	@techreport{Spahn2012, url = {https://hohpublica.uni-hohenheim.de/handle/123456789/5632}, author = {Spahn, Peter}, title = {Integration durch Währungsunion? : der Fall der Euro-Zone}, year = {2012}, school = {Universität Hohenheim}, series = {FZID discussion papers}, }
local.export.bibtexAuthor	Spahn, Peter
local.export.bibtexKey	Spahn2012
local.export.bibtexType	@techreport
local.faculty.number	3	de
local.faculty.number	7	de
local.institute.number	520	de
local.institute.number	795	de
local.opus.number	769
local.series.issueNumber	57
local.series.title	FZID discussion papers
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.faculty	Landesanstalten	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de
local.university.institute	Forschungszentrum Innovation und Dienstleistung	de

Files

Original bundle

Now showing 1 - 1 of 1

Name:: fzid_dp_2012_57_spahn.pdf
Size:: 467.88 KB
Format:: Adobe Portable Document Format
Description:: Open Access Fulltext

Download

Collections

Institut für Volkswirtschaftslehre
FZID discussion papers