From the ERM to the euro: new evidence on economic and policy convergence among EU countries

Skeptic views on EMU are usually cast around three arguments. First, the EU does not satisfy 'Optimum Currency Area' (OCA) conditions. Second, heterogeneous economic and financial structures will produce differences in monetary transmission. Third, the shift from domestic to area-wide considerations may give rise to conflicts in the decision making of the European Central Bank (ECB).

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Year of publication:	1999
Authors:	Angeloni, Ignazio ; Dedola, Luca
Publisher:	Frankfurt a. M. : European Central Bank (ECB)
Subject:	economic and policy convergence

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Series:	ECB Working Paper ; 4
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/152438 [Handle] RePEc:ecb:ecbwps:19990004 [RePEc]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; F02 - International Economic Order; Economic Integration and Globalization: General ; E32 - Business Fluctuations; Cycles
Source:	EconStor

Persistent link: https://www.econbiz.de/10011604050