Similar Search Results

A minimal moral hazard central stabilisation capacity for the EMU based on world trade

Beetsma, Roel; Cima, Simone; Cimadomo, Jacopo - 2018

Recent debate has focused on the introduction of a central stabilisation capacity as a completing element of the Economic and Monetary Union. Its main objective would be to contribute cushioning country-specific economic shocks, especially when national fiscal stabilisers are run down. There are...

Persistent link: https://www.econbiz.de/10011810026

Comparing economic dynamics in the EU and CEE accession countries

Süppel, Ralph - 2003

This paper presents evidence for structural differences in economic growth dynamics between the current EU and the central- and eastern European accession countries. Two important results emerge from the analysis. First, accession countries have posted higher average growth and wider output...

Persistent link: https://www.econbiz.de/10009635910

Trade advantages and specialisation dynamics in acceding countries

Zaghini, Andrea - 2003

The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural...

Persistent link: https://www.econbiz.de/10009635952

Current accounts dynamics in OECD and EU acceding countries

Bussière, Matthieu; Fratzscher, Marcel; Müller, Gernot J. - 2004

The paper extends the standard intertemporal model of the current account to include two important stylised facts: (1) the persistence of current account positions and (2) the relevance of the fiscal balance. Specifically, the paper derives a closed form solution for consumption in the presence...

Persistent link: https://www.econbiz.de/10009636534

Deeper, wider and more competitive? : monetary integration, Eastern enlargement and competitiveness in the European Union

Ottaviano, Gianmarco I. P. (contributor); … - 2007

firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered … the role of accessibility while keeping `revealed competitiveness' as given, we are able to evaluate the impacts of EMU … and enlargement on the competitiveness of European firms. We find that EMU positively affects the competitiveness of firms …

Persistent link: https://www.econbiz.de/10003635984

Real convergence in Central and Eastern European EU Member States : which role for exchange rate volatility?

Arratibel, Olga (contributor); Furceri, Davide (contributor) - 2008

This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per capita output growth, the credit cycle, the stock of inward foreign direct investment (FDI) and the current account balance, in the Central and Eastern European EU Member...

Persistent link: https://www.econbiz.de/10003789431

The Maastricht convergence criteria and optimal monetary policy for the EMU accession Countries

Lipińska, Anna (contributor) - 2008

The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This …

Persistent link: https://www.econbiz.de/10003778818

Acquisition versus greenfield : the impact of the mode of foreign bank entry on information and bank lending rates

Claeys, Sophie (contributor); Hainz, Christa (contributor) - 2006

Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study how different entry modes affect the interest rate for loans in a model in which domestic banks possess private information about their incumbent clients but foreign banks have...

Persistent link: https://www.econbiz.de/10003358591

Fiscal and monetary policy in the enlarged European Union (forthcoming)

Pogorelec, Sabina (contributor) - 2006

gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in … between cooperating and not cooperating, but the new EU members still prefer not to cooperate with EMU in terms of fiscal …

Persistent link: https://www.econbiz.de/10003358603

Long-run money demand in the new EU Member States with exchange rate effects

Dreger, Christian (contributor); … - 2006

Generally speaking, money demand models represent a natural benchmark against which monetary developments can be assessed. In particular, the existence of a well-specified and stable relationship between money and prices can be perceived as a prerequisite for the use of monetary aggregates in...

Persistent link: https://www.econbiz.de/10003337157