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This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU … benefits and losses of EMU accession may differ with regard to the different issue areas. To get to clear-cut recommendations …. -- Eu enlargement ; monetary integration ; economic integration ; EMU ; ERM 2 ; trade and FDI ; financial markets ; fiscal …
Persistent link: https://www.econbiz.de/10003968901
This paper has been prepared as a part of a broader Ezoneplus project that evaluates European Monetary Union (EMU) and …
Persistent link: https://www.econbiz.de/10002187556
This paper analyses the economic effects of the eastern enlargement of the EU both on the existing Member States and the candidate countries using simulation results of a dynamic computable general equilibrium model. In addition to conventional trade policy impacts such as custom union formation...
Persistent link: https://www.econbiz.de/10002187792
We consider a small structural model to describe the transmission mechanism of monetary policy and the dynamics of inflation. We first verify the validity of the general structure estimating it for Germany which represents a sort of benchmark model. At least one of the links required for the...
Persistent link: https://www.econbiz.de/10002188024
convergence between prospective and current members of European Monetary Union (EMU). However, this institutional arrangement and … of convergence between prospective and current members of EMU. In return, accession countries would offer to maintain …
Persistent link: https://www.econbiz.de/10002188157
Inflation in Central and East European countries varied considerably over the transition phase, and econometric relationships between prices, money, wages and exchange rates are said to have been unstable during this period. In order to shed some light on the issue, this paper analyses some...
Persistent link: https://www.econbiz.de/10002188181
The eastward enlargement of the European Union and the requirements of the European Monetary Union increase pressure for flexibility of labour markets. This paper analyses main changes in the Baltic States ̕labour market over the period 1990 2001 giving emphasis on the problems of labour market...
Persistent link: https://www.econbiz.de/10002189056
Central and Eastern European (CEE) countries are expected to join the European monetary union (EMU) in a couple of …-called pre-in countries, as a preparatory stage before their EMU membership), and only a few years later join the EMU and adopt … how compatible these arrangements are with the future ERM 2 and EMU requirements. The paper addresses some issues which …
Persistent link: https://www.econbiz.de/10002189138
The main topic of the paper is optimal dynamics, i.e., timing of entry of the accession countries in the ERM 2 and EMU … delayed entry into the EMU? b) What are economic and other arguments for an early or late inclusion? c) What are the … with respect to the timing of entry in the ERM 2 as an interim institutional mechanism in the run-up to the EMU. …
Persistent link: https://www.econbiz.de/10002189173
The enlargement of the European Union will bring many political, economical and structural changes on the Continent, which require careful and deep analysis to be made. This paper will grasp the enlargement of the European Union from the aspect of the trade pattern and trade specialization of...
Persistent link: https://www.econbiz.de/10002189247