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Persistent link: https://www.econbiz.de/10003364637
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In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union …
Persistent link: https://www.econbiz.de/10011397787
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession …
Persistent link: https://www.econbiz.de/10011506491
reforms in the candidate countries, members of the monetary union will increase their reform efforts. The paper also derives …
Persistent link: https://www.econbiz.de/10011509539
Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...
Persistent link: https://www.econbiz.de/10011511101
Persistent link: https://www.econbiz.de/10003364558
reforms in the candidate country, members of the monetary union will increase their reform efforts. The paper then proceeds to …
Persistent link: https://www.econbiz.de/10009781545
monetary policy settings of the ECB and the Fed on the forex markets of new EU members. We employ an event study methodology to … post-GFC period shows that: (i) macroeconomic announcements affect the value of the new-EU-country exchange rates, (ii) the … policy result in stronger effects than those of the Fed, (viii) temporary inefficiencies are present on new-EU-country forex …
Persistent link: https://www.econbiz.de/10011902959
We analyze the effects of the increasingly expansionary monetary policies on the economic order and on the European integration process. We argue that the market orders shaped in postwar Germany and in Margret Thatcher's United Kingdom have long served as cornerstones for growth, prosperity and...
Persistent link: https://www.econbiz.de/10011809903