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The Baltic challenge and Euro-area entry

Darvas, Zsolt M. - 2009

Persistent link: https://www.econbiz.de/10003923642

A tale of three countries : recovery after banking crises

Darvas, Zsolt M. - 2011

Iceland, Ireland and Latvia experienced similar developments before the crisis. However, the crisis hit Latvia harder … Iceland but not in Latvia, letting banks fail in Iceland but not in Ireland, and the introduction of strict capital controls … only in Iceland. The speed of fiscal consolidation was fastest in Latvia and slowest in Ireland. Recovery has started in …

Persistent link: https://www.econbiz.de/10009569756

A tale of three countries : recovery after banking crises

Darvas, Zsolt M. - 2012

Iceland, Ireland and Latvia experienced similar developments before the crisis, such as sharp increases in banks …' balance sheets and the expansion of the construction sector. However the impact of the crisis was different: Latvia was hit …: currency collapse in Iceland but not in Latvia, letting banks fail in Iceland but not in Ireland, and the introduction of …

Persistent link: https://www.econbiz.de/10009408394

Az euróövezet bővítése és euróbevezetési stratégiák

Darvas, Zsolt M. (contributor); … - 2008

This paper was commissioned by DG ECFIN from the EU Commission as part of the "EMU@10" project and is published in Hungarian language by the permission of the EU Commission. The original English language version of the paper is available at:...

Persistent link: https://www.econbiz.de/10003770688

Euro area enlargement and Euro adoption strategies

Darvas, Zsolt M. (contributor); … - 2008

The paper discusses the risks and challenges faced by the new members on the road to the euro and the strategies for and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic development as...

Persistent link: https://www.econbiz.de/10003785791

Az új EU-tagországok megfelelése az optimális valutaövezet kritériumainak

Darvas, Zsolt M. (contributor); … - 2008

A cikkben a szerzõk azt vizsgálják, hogy az EU-hoz 2004 óta csatlakozott tizenkét új tagállam az euróövezethez való csatlakozás szempontjából milyen mértékben felel meg az optimális valutaövezet elmélete (Optimal Currency Area, OCA) által támasztott kritériumoknak. Fõ...

Persistent link: https://www.econbiz.de/10003790105

A new method for combining detrending techniques with application to business cycle sychchronization of the new EU members

Darvas, Zsolt M. (contributor); Vadas, Gábor (contributor) - 2005

Persistent link: https://www.econbiz.de/10003284516

Árszínvonal-konvergencia az új EU tagországokban: egy panel-regressziós modell eredményei

Darvas, Zsolt M.; Szapáry, György - 2009

Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...

Persistent link: https://www.econbiz.de/10003824132

Cyclical dimensions of labour mobility after EU enlargement

Ahearne, Alan G.; Brücker, Herbert; Darvas, Zsolt M.; … - 2009

This paper explores the influence of the economic cycle on labour mobility within the EU, focusing on the likely impact of the present economic crisis. To do so, we use an econometrically calibrated simulation and a case study of Ireland. We find that, in the short run, the crisis is likely to...

Persistent link: https://www.econbiz.de/10003873055

The case for reforming euro area entry criteria

Darvas, Zsolt M. - 2010

The global economic and financial crisis has raised further concerns about the euro-entry criteria, in addition to other factors, such as the effective tightening of the criteria due to the enlargement of the EU from 12 to 27 members, the highly unfavourable property of business cycle...

Persistent link: https://www.econbiz.de/10008668703