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.e., whether sharing a single currency may set in motion forces bringing countries closer together. The start of EMU has spurred a …
Persistent link: https://www.econbiz.de/10011604514
This paper addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro … start taking stock of these effects. For this purpose, in June 2005, the ECB held a workshop on “What effects is EMU having … effects of EMU and brings together several of the issues raised by the leading presentations: i.e., this paper serves as an …
Persistent link: https://www.econbiz.de/10011604645
scrutiny. We make systematic reference to the European economic and monetary union (EMU) to which the OCA theory has been most …
Persistent link: https://www.econbiz.de/10011604184
We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the OCA properties of the monetary union from an international business cycle perspective. It is derived from the relative importance of symmetric vs. asymmetric shocks that result...
Persistent link: https://www.econbiz.de/10014278541
We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the OCA properties of the monetary union from an international business cycle perspective. It is derived from the relative importance of symmetric vs. asymmetric shocks that result...
Persistent link: https://www.econbiz.de/10014076631
This paper addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro … start taking stock of these effects. For this purpose, in June 2005, the ECB held a workshop on quot;What effects is EMU … the effects of EMU and brings together several of the issues raised by the leading presentations: i.e., this paper serves …
Persistent link: https://www.econbiz.de/10012780824
This paper tests for the hypothesis that institutional integration interacts with economic integration at the regional level. In particular, we ask what lessons can be drawn from the European experience with regional integration for Latin America. Several indicators of institutional and economic...
Persistent link: https://www.econbiz.de/10011604231
This paper analyses the link between economic fundamentals and exchange rates by investigating the importance of real-time data. We find that such economic news in the United States, Germany and the euro area have indeed been a driving force behind daily US dollar – euro/DEM exchange rate...
Persistent link: https://www.econbiz.de/10011604411
Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much … political economy channel of EMU as the monetary union implies that member states had to transfer or at least curtail their … policy autonomy in several areas, such as monetary policy and fiscal policy. The paper shows that EMU has helped reduce the …
Persistent link: https://www.econbiz.de/10011605002
from 6 euro area countries, spanning several years before and after the introduction of the euro, we look at whether EMU … linked to the preparation of EMU; however, this interpretation is weakened by the fact that a similar decline occurred also …
Persistent link: https://www.econbiz.de/10011604643