This paper investigates empirically the extend to which the ten new countries of the current EU enlargement are ready to join the European Monetary Union (EMU). We assess the prospects of successful accession into the EMU using cointegration and common trends analysis on the nominal convergence...

This paper estimates the effects on Greek trade balance due to the EU accession. The analytical and the residuals approach were implemented. A full trade model was used, since Greece relies on imported inputs for export production and a standard model of trade may not be appropriate for the...

This paper evaluates the effects of Greece?s accession to the EU on imports of manufactures and static welfare. A dynamic specification of the Almost Ideal Demand System (AIDS) based on cointegration techniques and error correction models, is used. Based on Greek trade data we find that this...