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Explore the adjustment mechanisms within the euro area, including export performance, inflation, interest rates, and competitiveness channels. Delve into the impact on European banks and the harmonized level for deposit insurance.
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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
The “competitiveness” channel of adjustment • The “real interest rate” channel of adjustment
EU wide rescue plan • See Topic 2 • Interdependence among European banks • Harmonised level for deposit insurance