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This paper analyses the speed and patterns of economic convergence in the new EU Member States of Central and Eastern … paper provides stylised facts on growth and convergence in Europe, and explores various convergence measures proposed in the … growth literature. It employs several analytical approaches in order to reveal convergence speed and patterns univariate …
Persistent link: https://www.econbiz.de/10012100131
The paper analyses some policy issues under a currency board arrangement (CBA), focusing on the conduct of fiscal policy which is the only policy instrument at the disposal of the authorities as the CBA precludes an independent monetary policy. It is argued that the loss in degrees of freedom...
Persistent link: https://www.econbiz.de/10012100003