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Endogeneities of optimum currency areas: what brings countries sharing a single currency closer together?
De Grauwe, Paul; Mongelli, Francesco Paolo - 2005
This paper brings together several strands of the literature on the endogenous effects of monetary integration: i.e., whether sharing a single currency may set in motion forces bringing countries closer together. The start of EMU has spurred a new interest in this debate. Four areas are...
Persistent link: https://www.econbiz.de/10011604514
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Economic and monetary integration of the new Member States - helping to chart the route
Angeloni, Ignazio; Flad, Michael; Mongelli, Francesco Paolo - 2005
This paper examines diverse aspects of the monetary integration of the ten new Member States (NMS) which joined the EU on 1 May 2004 into the euro area. Most NMS have undergone a rapid and deep transformation in all areas with considerable progress in their processes of reform and convergence,...
Persistent link: https://www.econbiz.de/10011606188
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Northern and Eastern Enlargement of EMU: Do Structural Reforms Matter?
Hallett, Andrew Hughes; Jensen, Svend E Hougaard; … - 2004
This paper studies the incentives to join or enlarge a monetary union under alternative assumptions about the extent of market reform within the union and in candidate countries. Lack of labour mobility, wage/price flexibility or fiscal reform brings costs for both new entrants and in the...
Persistent link: https://www.econbiz.de/10011689914
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International policy transmissions before and after establishing a monetary union
Rumler, Fabio - 1999
This paper analyzes the effects of the implementation of a monetary union on the international transmission of monetary and fiscal policies. A dynamic three-country general equilibrium model, exhibiting monopolistic competition and sticky prices, is used to show how asymmetric monetary and...
Persistent link: https://www.econbiz.de/10010291919
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Macroeconomic Adjustment in the New EU Member States
von Hagen, Jürgen; Traistaru-Siedschlag, Iulia - 2006
Persistent link: https://www.econbiz.de/10011689926
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UK Referendum and Potential Brexit?
Ryan, John - In: ifo Schnelldienst 69 (2016) 10, pp. 10-12
Vortrag von Prof. John Ryan, London School of Economics and Political Science
Persistent link: https://www.econbiz.de/10011693982
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Currency blocs in the 21st century
Fischer, Christoph - 2011
Based on a classification of countries and territories according to their regime and anchor currency choice, the study considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural economic variables determine a given country's currency...
Persistent link: https://www.econbiz.de/10010305207
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Measuring the Business Cycle Similarity and Convergence Trends in the CEECs Towards the Eurozone with Respect to some Unclear Methodological Aspects
Rozmahel, Petr - 2009
discussion on the process of joining the Eurozone by the Czech Republic and other candidate countries. The paper provides an …. Measures of business cycle similarity are ordinarily used to evaluate preparedness of candidate countries to join the Eurozone …. The results indicate continuing convergence of the business cycle similarity between the candidate and Eurozone member …
Persistent link: https://www.econbiz.de/10011435274
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The euro’s trade effects
Baldwin, Richard E. - 2006
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten...
Persistent link: https://www.econbiz.de/10011604640
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Implications of monetary union for catching-up member states
Sánchez, Marcelo - 2006
We examine the implications of monetary union for macroeconomic stabilisation in catching up participating countries. We allow member states’supply conditions to differ inside the union, especially with regard to sectoral characteristics. Sectoral productivity shocks on balance hamper the...
Persistent link: https://www.econbiz.de/10011604676