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paper examines the distribution dynamics of inflation rates in ten EU members from CEE relative to the EMU accession … benchmark inflation over the period 1990-2009. In contrast to previous studies, we use nonparametric methods to test for … convergence in inflation rates between CEE and the EMU benchmark as well as within the CEE sample. Over the entire sample period …
Persistent link: https://www.econbiz.de/10013130934
Despite the significant academic interest in the economic cohesion, the various aspects of convergence and the ways they can be measured still remain theoretically unclear. These are issues of extreme political significance, especially for countries aspiring for EU and euro area membership. The...
Persistent link: https://www.econbiz.de/10012650896
Governments of most accession countries in Central and Eastern Europe initially expressed keen interest to adopt the Euro as soon as possible. The fervour seems to have cooled somewhat in the meantime. This paper will argue that there are good reasons for mixed feelings. While monetary...
Persistent link: https://www.econbiz.de/10010492292
The EU-accession of Estonia, Latvia, Lithuania, Poland, Slovakia, Slovenia, the Czech Republic and Hungary in 2004 is more and more probable. Bulgaria and Romania may possibly enter in 2007. In order to later join the EMU, these countries have to meet the Maastricht Criteria. This paper reviews...
Persistent link: https://www.econbiz.de/10010485426
Persistent link: https://www.econbiz.de/10001796640
Countries (CEEC) into the European Union (EU) is accompanied by an extension of the eurozone to this region. This paper surveys …
Persistent link: https://www.econbiz.de/10001790931
inflation premium ahead of the accession. Recent experience shows that it will be easy to get rid of the remaining influence of …
Persistent link: https://www.econbiz.de/10013151686
recommendations both for new member states (on how to manage their accession to the Eurozone) and for the European Commission, ECB and … current Eurozone members, and should further improve before Eurozone entry, decreasing risk of their exposure to idiosyncratic … credibility of the Euro and price stability in the Eurozone will not be threatened by fast EMU Enlargement. Neither can the …
Persistent link: https://www.econbiz.de/10013157589
Persistent link: https://www.econbiz.de/10012606756