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Persistent link: https://www.econbiz.de/10010487085
least inflationary convergence was not a necessary precondition for EMU. This paper aims at analyzing the effects of the …; insofar it has contributed to a decrease in inflation bias during stage II of EMU but played no important role with respect to …
Persistent link: https://www.econbiz.de/10009392015
conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this …
Persistent link: https://www.econbiz.de/10011441669
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...
Persistent link: https://www.econbiz.de/10011506491
the country's readiness to become an EMU member. The theoretical background of the assessment involved comprises two chief …
Persistent link: https://www.econbiz.de/10011454990
The topic of the Intereconomics/CEPS conference for which this paper was written was framed as a question: convergence or divergence in the EU? I am prepared to give an unambiguous answer. That answer is yes.
Persistent link: https://www.econbiz.de/10011987560
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currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU … adjustment, the adjustment to a price shock in EMU might take several decades. …
Persistent link: https://www.econbiz.de/10010425867
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
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