BANCI | Noutati BCE

Real convergence in the euro area: evidence, theory and policy implications (ECB Article):

Trimite stirea unui prieten
Nume *
E-mail *
E-mail prieten *
Mesaj
Cod validare * Turing Number
Tastati codul din imagine (doar cifre)
195.154.184.126

Autor: Bancherul.ro
2015-08-02 22:16

Real convergence in the euro area: evidence, theory and policy implications (ECB Article):

An important lesson from the euro area sovereign debt crisis is that the need for sound economic policies does not end once a country has adopted the euro.

There are no automatic mechanisms to ensure that the process of nominal convergence which occurs before adoption of the euro produces sustainable real convergence thereafter.

The global financial crisis that started in 2008 has showed that some
countries participating in Economic and Monetary Union (EMU) had severe
weaknesses in their structural and institutional set-up.

This has resulted in a large and protracted fall in real per capita income levels in these countries since 2008.

While there has been real convergence in the European Union (EU) as a whole since 1999 owing to the catching up of central and eastern European (CEE) economies, there has been no process of real convergence among the 12 countries that adopted the euro in 1999 and 2001.

This lack of convergence is related to several factors, notably weak institutions, structural rigidities, weak productivity growth and insufficient policies to address asset price booms. Against this background, several
factors appear crucial for ensuring real convergence in EMU: macroeconomic stability, and sound fiscal policy in particular; a high degree of flexibility in product and labour markets; favourable conditions for an efficient use of capital and labour in the economy, supporting total factor productivity (TFP) growth; economic integration within the euro area; and a more active use of national policy tools to prevent asset
price and credit boom-bust cycles.

See more here

Comentarii

Convergence
CVT
True but also reasonable to assume that sound economic policies generate even better outcomes once euro adopted as thereafter VOLATILTY = ZERO

The Big Idea
euro MAGAZINE
HOW ... TO misUSE:) theory ... has to be true while it would not be wrong at all to assume ultimately is A POLITIC decision that still needs gov endorsment - missing consistently on that may cost US :(

I\'m going ... TOO :)))
mobiUS
... adoption can only strenghen our positions

EUro
DW
Wellcome ...

ID
WE
...



Adauga un comentariu
Nume *:

E-mail *:
(nu se afiseaza pe site)
Subiect:
*
Comentariu:

Turing Number

Tastati codul din imagine (doar cifre)  



Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: Noutati BCE



Modul de functionare a relaxarii cantitative (quantitative easing – QE)

Banca Centrala Europeana (BCE) a început să achiziționeze active de la bănci comerciale în luna martie 2015 ca parte a măsurilor neconvenționale de politică monetară. Aceste achiziții de active, cunoscute și sub denumirea de „relaxare cantitativă” detalii

Dobanda la euro nu va creste pana in iunie 2020

Banca Centrala Europeana (BCE) a anuntat astazi ca nu va majora dobanda pentru moneda euro, aflata la 0%, pana la mijlocul anului 2020, prelungind astfel asa numita perioada de "forward guidance", parte a strategiei de politica monetara de stimulare a economiei zonei euro care inca nu si-a revenit din perioada de recesiune. Decizia BCE va influenta si politica monetara din Romania, asa incat nu ar trebui sa ne asteptam la cesteri de dobanda in urmatorul detalii

BCE trebuie sa fie consultata inainte de adoptarea de legi care afecteaza bancile nationale

Banca Centrala Europeana (BCE) trebuie sa fie consultata inainte de adoptarea unor reglementari care afecteaza bancile nationale, se arata intr-o scrisoare trimisa de BCE presedintelui Camerei Deputatilor, Liviu Dragnea, initiatorul unui proiect de lege pentru repatrierea rezervei de aur detalii

BCE a publicat avizul privind taxa bancara

AVIZUL BĂNCII CENTRALE EUROPENE din 10 mai 2019 cu privire la taxa pe activele financiare ale băncilor și cu privire la indicele de referință al ratei dobânzii pentru contractele de credit pentru detalii

 



 

Ultimele Comentarii