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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
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
slide6
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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