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Euro Area Enlargement and Euro Adoption Strategies

Darvas, Zsolt; Szapáry, György - 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/10010494388

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

Währungspolitische Optionen für die ostmitteleuropäischen EU-Beitrittskandidaten

Fritz, Heiko; Wagener, Hans-Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung 72 (2003) 4, pp. 611-623

Mit ihrem Beitritt zur Europäischen Union (EU) verpflichten sich die EU-Beitrittskandidaten, an der Europäischen Währungsunion teilzunehmen und den Euro einzuführen, sobald sie die Konvergenzkriterien erfüllen. Bereits als EU-Mitglieder mit eigener Währung müssen sie ihre...

Persistent link: https://www.econbiz.de/10010377641

The World in 2016: A Perspective for the Wider Europe

Gros, Daniel - In: Vierteljahrshefte zur Wirtschaftsforschung 75 (2006) 2, pp. 79-90

The theme of this contribution is how Europe will evolve over the next decade. The key message is that over this decade Europe will be busy digesting the 12 members that joined in 2004 and 2007. Digesting in the context means that the new members will only gradually be incorporated and...

Persistent link: https://www.econbiz.de/10010377757

Geldpolitische Aspekte der Erweiterung des Euroraums

Lommatzsch, Kirsten; Tober, Silke - In: DIW Wochenbericht 69 (2002) 15, pp. 229-237

Dem Beitritt zur Europäischen Union (EU), den zahlreiche Länder anstreben, wird mit einiger Verzögerung die Einführung des Euro folgen. Schon jetzt stellen sich daher zwei grundsätzliche Fragen: Erstens, ist die Europäische Zentralbank (EZB) auch dann mit den derzeit gegebenen...

Persistent link: https://www.econbiz.de/10011601346

Trade integration of Central and Eastern European countries: lessons from a gravity model

Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - 2005

The aim of the paper is to analyse the factors behind the rapid trade integration of the Central and Eastern European countries with the euro area in the past ten years and to gauge the potential for further integration. We use as benchmark an enhanced gravity model estimated with a large sample...

Persistent link: https://www.econbiz.de/10011604591

Fiscal and monetary policy in the enlarged European Union

Pogorelec, Sabina - 2006

I build a quantitative two-country DSGE model of the European Union (EU) and investigate whether there are welfare gains from fiscal policy cooperation between the new EU members and the euro area (EMU). Fiscal cooperation is defined in terms of joint maximization of the weighted average of...

Persistent link: https://www.econbiz.de/10011604701

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

Ottaviano, Gianmarco; Taglioni, Daria; di Mauro, Filippo - 2007

What determines a country's ability to compete in international markets? What fosters the global competitiveness of its firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered domestic firms' competitiveness in local and global...

Persistent link: https://www.econbiz.de/10011604893

The political economy under monetary union: has the euro made a difference?

Fratzscher, Marcel; Stracca, Livio - 2008

Economic and Monetary Union (EMU) has transformed Europe and has created an integrated pan-European economy. Much research has focused on understanding this integration process and what benefits and costs it entails. This paper identifies a political economy channel of EMU as the monetary union...

Persistent link: https://www.econbiz.de/10011605002

Die Beitrittsfähigkeit der mittel- und osteuropäischen EU-Mitglieder zur Europäischen Währungsunion

Fuest, Winfried; Matthes, Jürgen - In: IW-Trends - Vierteljahresschrift zur empirischen … 32 (2005) 1, pp. 45-61

Es ist derzeit noch offen, wann die größeren mittel- und osteuropäischen Mitgliedsländer der Europäischen Union vollständig der Europäischen Währungsunion beitreten werden. Um die Beitrittsfähigkeit zu bestimmen, sollten in Ergänzung zu den gebräuchlichen nominalen Konvergenzkriterien...

Persistent link: https://www.econbiz.de/10011633149

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