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This paper aims to assess both the explicit and implicit convergence criteria for Poland's possible membership in the … nominal convergence, the latter highlight the resilience of a country to adverse asymmetric shocks and its ability to compete …
Persistent link: https://www.econbiz.de/10011448800
This paper considers the primary challenges faced by the Eurozone and caused by the 2008+ crisis. It suggests that one should distinguish among institutional, conceptual (model/paradigm) and real economic challenges. As a factor that influences progress in other areas, the latter topic is a...
Persistent link: https://www.econbiz.de/10010228482
This paper examines the current state of price convergence amongst the eleven initial EMU member states. Special … attention is given to possible changes in the convergence process during the euro cash changeover. We apply the convergence … kernel-density estimates. We find that convergence took place before 2000, slowed down substantially between 2000 and 2003 …
Persistent link: https://www.econbiz.de/10010425231
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10010425867
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The past decade has dramatically shaped the European economic landscape. After the global financial and economic crisis of 2008/09 hit the continent, the southern European periphery exemplified by Greece experienced a strongly diverging economic development. As capital inflows from the North...
Persistent link: https://www.econbiz.de/10012169115