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level. However, as a result of the Great Recession of 2007 and the subsequent Eurozone Crisis a number of periphery …
Persistent link: https://www.econbiz.de/10012910120
convergence clubs” in cross-national section. It implements a traditional analysis of convergence tracking the catching-up process …
Persistent link: https://www.econbiz.de/10014147302
convergence clubs” in cross-national section. It implements a traditional analysis of convergence tracking the catching-up process …
Persistent link: https://www.econbiz.de/10014147303
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
This paper assesses the level of readiness of Romania to adopt euro, based on nominal and real convergence criteria … evaluation. We used the optimal currency area criteria in order to assess the real convergence process in Romania. The main … conclusion of the paper is that more progress is necessary in terms of nominal convergence criteria as well as real convergence …
Persistent link: https://www.econbiz.de/10008472251
wage convergence, defined this way, has no theoretical underpinnings. According to the experience of less developed EU … members that joined the union in the 1970s and 1980s, the so called cohesion countries, even after accession, wage convergence … competitiveness of Hungarian products. The article draws up possible convergence scenarios for the Hungarian wages. It turns out that …
Persistent link: https://www.econbiz.de/10011110057
The European Union (EU) failed repeatedly to hold Greece accountable for violations of the Treaties it signed over the past five decades. In particular, the EU not only did not express reservations in the face of these violations, but on two crucial occasions, in 1979 and again in 2000, it even...
Persistent link: https://www.econbiz.de/10011111462
Remittances are an important source of external financing for a country like Morocco. We show in this paper the … properties of these financial flows. Indeed, we show that remittances are more stable than foreign direct investment. They are …
Persistent link: https://www.econbiz.de/10011111244
shocks between Greece and the Eurozone for the period 1980-2005 with quarterly data. The results verify that both areas …
Persistent link: https://www.econbiz.de/10005836358
convergence. We apply three approaches to convergence – b-convergence, σ-convergence and quantile-convergence (q-convergence), to … countries of the given sample tend to form convergence clubs in the relevant years. The analysis is run for the sample consisted …
Persistent link: https://www.econbiz.de/10014147305