Showing 1 - 10 of 1,493
-fledged pan-ECOWAS MU is not advisable. It is also found that members of the European Monetary Union (EMU) tend to be a better fit …
Persistent link: https://www.econbiz.de/10012217601
The possible participation of Finland in the Stage m of the European Monetary Union would constitute a major change in the operating environment of the Finnish economy.As a member of the common currency area, Finnish interest and exchange rates would no longer be determined by domestic monetary...
Persistent link: https://www.econbiz.de/10012147696
-fledged pan-ECOWAS MU is not advisable. It is also found that members of the European Monetary Union (EMU) tend to be a better fit …
Persistent link: https://www.econbiz.de/10012016723
Persistent link: https://www.econbiz.de/10011523020
The paper applies fuzzy clustering techniques to the member countries of the European Union in order to arrive at an identification of preferred monetary union groupings. The statistical criteria employed are those suggested, alternatively, by the traditional Optimal Currency Area theory or the...
Persistent link: https://www.econbiz.de/10010991750
Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern …
Persistent link: https://www.econbiz.de/10009644766
The theory of optimal currency areas, due to Mundell and McKinnon, has enjoyed a revival of interest in the wake of European discussions of monetary union. The basic theme of this old literature is that there are potential gains for stabilization policy in an independent exchange rate and money...
Persistent link: https://www.econbiz.de/10005136405
The possible participation of Finland in the Stage III of the European Monetary Union would constitute a major change in the operating environment of the Finnish economy. As a member of the common currency area, Finnish interest and exchange rates would no longer be determined by domestic...
Persistent link: https://www.econbiz.de/10005190737
Since the establishment in 1979 of the Exchange Rate Mechanism of the EMS a number of countries, after entry, have experienced a substantial and persistent rise in their real exchange rate (the ratio of domestic to foreign prices). This paper explains this phenomenon in terms of a `peso problem'...
Persistent link: https://www.econbiz.de/10005497704
Slovakia. Participation in the EMU (the Eurozone) will be the final step on the way of integration to the EU. The aim of this … of optimal currency area to describe positives and negatives of a membership in the EMU and potential time-schedule for … economy to EU-15 or EMU. Changes in the monetary policy of the National Bank of Slovakia. Benefits and costs of the monetary …
Persistent link: https://www.econbiz.de/10008690970