Section 4 adjustment within the euro area
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Section 4. Adjustment within the euro area. References: The 2006 EU Economy Review: adjustment dynamics in the euro area Bruegel Policy No. 3 P. Lane, “ The Real Effects of EMU”, IIIS Discussion Paper No. 115. Relative export performance. Inflation. Long-term interest rates.

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Section 4. Adjustment within the euro area

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Section 4 adjustment within the euro area

Section 4. Adjustment within the euro area

References:

  • The 2006 EU Economy Review: adjustment dynamics in the euro area

  • Bruegel Policy No. 3

  • P. Lane, “The Real Effects of EMU”, IIIS Discussion Paper No. 115


Relative export performance

Relative export performance


Inflation

Inflation


Long term interest rates

Long-term interest rates


Section 4 adjustment within the euro area

  • The “competitiveness” channel of adjustment

  • The “real interest rate” channel of adjustment


Eu wide rescue plan

EU wide rescue plan

  • See Topic 2

  • Interdependence among European banks

  • Harmonised level for deposit insurance


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