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The study aims to revisit some of the macroeconomic issues related to Hungary's eurozone-accession. The government … postponed euro-adoption until 2020 without any explanation, which is one of the motivations of our analysis. We review the … arguments formulated in 2000-2004 regarding the adoption of the euro by the profession, as well as the declarations and actual …
Persistent link: https://www.econbiz.de/10010494500
Schon vor Beginn der Währungsunion wurden von der Einführung des Euro kräftige Impulse für den Handel zwischen den … Einflussfaktoren allein nicht hinreichend erklärt werden kann. Es wird daher vermutet, dass die Einführung des Euro die deutschen …
Persistent link: https://www.econbiz.de/10011601373
einer Nutzen-Kosten-Analyse ab, was für die Euro-Union besser ist: der Austritt oder ein »Weiter so wie bisher«. …
Persistent link: https://www.econbiz.de/10011693333
We model pre-euro Spanish monetary policy and use our findings to assess the compatibility of the interest rates set by … strategy tailored to its own domestic fundamentals; and by abolishing it to join the euro she has paid a cost in the form of a …
Persistent link: https://www.econbiz.de/10010288789
, Hungary and Poland) during the process of euro adoption. Experiences of some old members (Greece, Ireland and Portugal) and … Czech Republic was more difficult to foresee, but given almost complete interest rate convergence with the euro area only …
Persistent link: https://www.econbiz.de/10011604589
The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction … of the euro. Significant development in terms of integration took place in both markets in general to a various degree … but apply more generally to euro securities infrastructure, identifies fields where further action is required. This …
Persistent link: https://www.econbiz.de/10011606153
. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …
Persistent link: https://www.econbiz.de/10010397341
Persistent link: https://www.econbiz.de/10011695840
Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks whether monetary policy could not have been improved. In the last three years, Euroland was confronted with the first external shock. Oil prices increased considerably, leading to...
Persistent link: https://www.econbiz.de/10011435104
The move to monetary union in Europe led to convergence of interest rates among the participating countries. This was associated with notable cross-country differences in the behaviour of key macroeconomic aggregates. Compared to the low interest rate countries, former high interest rate...
Persistent link: https://www.econbiz.de/10011604992