Showing 1 - 9 of 9
Design options in exchange rate, monetary and fiscal policies, are explored for economies in Central Europe and Latin America that aspire to engage in monetary unification. Recent experience in these regions suggests that, absent a model of institutional harmonization and a road map for policy...
Persistent link: https://www.econbiz.de/10010727667
Design options in exchange rate, monetary and fiscal policies, are explored for economies in Central Europe and Latin America that aspire to engage in monetary unification. Recent experience in these regions suggests that, absent a model of institutional harmonization and a road map for policy...
Persistent link: https://www.econbiz.de/10005839485
cycles among members of Economic and Monetary Union (EMU) which might arise due to the lack of country-specific monetary …
Persistent link: https://www.econbiz.de/10011015322
In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10010727661
Economic and Monetary Union (EMU) has changed the monetary policy regime applicable in Austria in many respects, but … the stability orientation of Austria's monetary policy has been maintained. EMU's institutional framework and the actual … policymakers or institutions, an approach Austria had already followed under the hard currency regime, was maintained under EMU …
Persistent link: https://www.econbiz.de/10010727671
This paper estimates the readiness of the Accession Countries of Central and East Europe for EMU or for unilateral …
Persistent link: https://www.econbiz.de/10010727778
Persistent link: https://www.econbiz.de/10010727781
In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10008568444
This paper estimates the readiness of the Accession Countries of Central and East Europe for EMU or for unilateral …
Persistent link: https://www.econbiz.de/10005839472