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Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern … proposed set of indicators and it is estimated Balassa-Samuelson Effect on non-Euro countries. …
Persistent link: https://www.econbiz.de/10009644766
The aim of this paper is to analyze whether the Euro zone is an optimal currency area. The analysis takes into … introduction of the euro there have been significant advancements in fulfilling some of the criteria, but there is still a need of … further progress in terms of wage flexibility, fiscal and political integration. The final conclusion is that Euro zone is not …
Persistent link: https://www.econbiz.de/10008836738
This paper investigates whether the East African Community (EAC) constitutes an optimum currency area (OCA) by estimating the degree and evolution of business cycle synchronization between the EAC countries. We also investigate whether the degree of business cycle synchronization has improved...
Persistent link: https://www.econbiz.de/10008459810
realistic and attainable if the world decides to pursue them. The monetary unions of Europe, the Caribbean, Africa and Brunei … learned from current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the …
Persistent link: https://www.econbiz.de/10005835646
gains are realistic and attainable if the world decides to pursue them. The monetary unions of Europe, the Caribbean, Africa … projection of what has been learned from current monetary unions, especially the euro. Each successive annual edition of this …
Persistent link: https://www.econbiz.de/10005787163
, because of speculation moves in and out of the U.S. Dollar and the Euro depending on their return, increasing volatility. U … influence in this most important policy arena. It will focus on the U.S. Dollar decline as the Reserve Currency, on the Euro …
Persistent link: https://www.econbiz.de/10008567957
the world decides to pursue them. The monetary unions of Europe, the Caribbean, Africa and Brunei/Singapore have shown the … current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining …
Persistent link: https://www.econbiz.de/10005621973
French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …
Persistent link: https://www.econbiz.de/10005260329
After a decade of high growth, the Russian econoomy is experiencing a slowdown in the wake of the global financial crisis. While Russia's strong short-term macroeconomic fundamentals make it better than many emerging economies to deal with the crisis, its underlying structural weaknesses and...
Persistent link: https://www.econbiz.de/10005789739
Central banks can play an important role in facilitating and promoting regional economic and monetary integration. Examples are the European monetary union and a more recent initiative by a group of Asian central banks to boost liquidity in local bond markets in Asia through the “Asian Bond...
Persistent link: https://www.econbiz.de/10011258884