Showing 1 - 7 of 7
According to the traditional 'optimum currency area' approach, not much will be lost from a very hard peg to a currency union if there has been little reason for variations in the exchange rate. This paper takes a different approach and highlights the fact that high exchange rate volatility may...
Persistent link: https://www.econbiz.de/10011509536
Persistent link: https://www.econbiz.de/10001615519
countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 …
Persistent link: https://www.econbiz.de/10003301362
We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s.JEL numbers …
Persistent link: https://www.econbiz.de/10012963432
criteria implies extensive business cycle harmonization between CEECs and EU countries in the medium term …
Persistent link: https://www.econbiz.de/10014224026
We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these … countries in a manner similar to the synchronisation of supply and demand shocks we document for the EU in the 1990s …
Persistent link: https://www.econbiz.de/10014224096
(CEECs), a topic that has gained attention in recent years as new EU entrants prepare for participation in the monetary union …
Persistent link: https://www.econbiz.de/10014224103