Jorg Bibow () (University of Hamburg, Levy Economics Institute)
Abstract
This paper argues that important independent causes of European weakness, in addition to U.S. strength, were involved in producing the stark growth differential between the euro area and U.S. economies widely held to have caused euro weakness. The paper scrutinizes the role of European monetary policy in facilitating the euro's plunge. It is argued that while the Bundesbank's policies preconditioned the euro's plunge, the ECB's policies acted as twofold propagation mechanisms.
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Volume (Year): 28 (2002) Issue (Month): 1 (Winter) Pages: 45-57 Download reference. The following formats are available: HTML
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Handle: RePEc:eej:eeconj:v:28:y:2002:i:1:p:45-57
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Find related papers by JEL classification: E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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