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Persistent link: https://www.econbiz.de/10011455187
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The paper deals with the monetary policy of the European Central Bank and its effects on economic development of the Czech economy and other new members of EU from the perspective of Post-Keynesian monetary economics. In the first part the basic principles of contemporary Post-Keynesian monetary...
Persistent link: https://www.econbiz.de/10008509957
The paper is the first part of a broader empirical study that considers the entry timing of accession economies into the eurozone and their exchange-rate regimes between the EU entry and prior to the eurozone entry. The presented empirical analysis is based on model simulations and on the...
Persistent link: https://www.econbiz.de/10008549713
This study is the second part of larger empirical work focused on the timing of European Monetary Union (EMU) accession … were studied. The results demonstrate that it is important to design pre-EMU exchange-rate regimes independently, according … the European Exchange-rate Mechanism (ERM II) as a core monetary-policy strategy for the whole of the pre-EMU period may …
Persistent link: https://www.econbiz.de/10008549842
considered alongside empirical studies regarding OCA theory applied to the EMU and the Czech Republic, and a socalled OCA …
Persistent link: https://www.econbiz.de/10008495720
With the accession of 10 new European Union member states in May 2004, much attention is being placed on the governance of European Community institutions. This article focuses specifically on discussions of European Central Bank (ECB) governance, particularly as regards the ECB?s amendment of...
Persistent link: https://www.econbiz.de/10008495764
its position, reflecting the specific framework of the EMU. The system of selection of members of the ECB's Executive …
Persistent link: https://www.econbiz.de/10005036607
Even though the efforts to foster global economic governance have been a longstanding issue of global economic policies, their effectiveness has been questioned by the current crisis. The crisis has revealed many systemic issues that would require global solutions on the one hand, but on the...
Persistent link: https://www.econbiz.de/10008784822
A number of authors have used the concept of an optimum currency area (or OCA) index to assess the relative proximity of various pairs of economies to the ideal of an optimum currency area. Alas, a significant deficiency of this approach as used so far is that it provides no room for long-term...
Persistent link: https://www.econbiz.de/10009210902