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The trade and FDI effects of EMU enlargement
Brouwer, Jelle; Paap, Richard; Viaene, Jean-Marie - 2007
European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5% for Poland and 30% for …
Persistent link: https://www.econbiz.de/10011372974
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Detection of implicit fluctuation bands and their credibility in EU candidate countries
Sosvilla-Rivero, Simón; Ramos-Herrera, María del Carmen - In: Baltic journal of economics 15 (2015) 1, pp. 18-37
This paper attempts to identify implicit exchange-rate regimes for currencies of candidate countries vis-à-vis the euro. To that end, we apply three sequential procedures that consider the dynamics of exchange rates to data covering the period from 1999:01 to 2012:12. Our results would suggest...
Persistent link: https://www.econbiz.de/10011890541
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Exchange rates, target zones and international trade : the importance of the policy making framework
Weber, Axel A. - 1993
Stylized empirical facts about the correlation between the volume of international trade and exchange rate variability/uncertainty are at odds with the predictions of the simple open economy model. The present paper argues that this puzzle may be explained by drawing on the recent theoretical...
Persistent link: https://www.econbiz.de/10011615388
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Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries
MacDonald, Ronald; Wójcik, Cezary - 2003
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
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The European periphery during the crisis : fix or float?
Oeking, Anne - In: Applied economics letters 22 (2015) 4/6, pp. 285-290
Persistent link: https://www.econbiz.de/10010506775
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Discipline or international balance : the choice of monetary systems in Europe
Ljungberg, Jonas; Ögren, Anders - In: The European journal of the history of economic thought 29 (2022) 2, pp. 218-245
Persistent link: https://www.econbiz.de/10013286143
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Intereset rate uncertainty and FDI pre-globalisation
Vukson, William B. Z. - In: International journal of economic sciences : IJoES 6 (2017) 1, pp. 41-78
Persistent link: https://www.econbiz.de/10011815866
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The importance of accounting for time trends when estimating the Euro effect on trade
Bun, Maurice J. G.; Klaassen, Franc - 2004
To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...
Persistent link: https://www.econbiz.de/10011334328
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Macroeconomic imbalances and institutional reforms in the EMU
Ederer, Stefan - 2015
The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU … before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these …
Persistent link: https://www.econbiz.de/10011337035
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Has the Euro increased trade?
Bun, Maurice J. G.; Klaassen, Franc - 2002
A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade …. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro …-effect directly from data that include EMU observations. Using a dynamic panel model for annual bilateral exports, we find that the …
Persistent link: https://www.econbiz.de/10011327839