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Gijsbert T. J. Zwart

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Working Paper

Cross-country insurance mechanisms in currency unions

Cross-country insurance mechanisms in currency unions

Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union a number of relevant mechanisms suggested by Mundell’s optimal currency area theory, and compare them to the United States.

By: Nancy van Beers, Michiel Bijlsma and Gijsbert T. J. Zwart Topic: Finance & Financial Regulation, Global Economics & Governance Date: March 27, 2014
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Working Paper

The changing landscape of financial markets in Europe, the United States and Japan

The changing landscape of financial markets in Europe, the United States and Japan

We compare the structure of the financial sectors of the EU27, Japan and the United States, looking at a set of 23 indicators.

By: Michiel Bijlsma and Gijsbert T. J. Zwart Topic: Finance & Financial Regulation Date: March 18, 2013