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to what extent the convergence to the EU stimulates the economic development of these countries. Despite the similarities … nominal, real and financial convergence and synchronization of the economic cycle with that of the European Union (using … unconditional ß convergence approach). Income and price levels, inflation rate, interest rate, monetary aggregates, credit …
Persistent link: https://www.econbiz.de/10005677531
The forthcoming EU enlargement raises a series of questions related to the new entrants’ entry to Exchange Rate Mechanism II and their subsequent adoption of the single currency. In this paper, the issue of how to determine the central parity for the acceding countries with which to enter...
Persistent link: https://www.econbiz.de/10009476773
levels and greater yield convergence already achieved, the new members will be able to rely less on gains from yield … convergence than the current euro zone members were able to do. EU accession will also have a negative net impact on the budgets …
Persistent link: https://www.econbiz.de/10009476804
country specific shocks. In a world of capital mobility, the room left for an independent monetary policy is very narrow …
Persistent link: https://www.econbiz.de/10009477443
in the EU. The purpose of this paper is to investigate the effects of the most recent EU enlargement on convergence among … significantly alter the findings of our convergence analysis. …
Persistent link: https://www.econbiz.de/10010305501
policy and is supported by the EU funds via allocations for convergence - competitiveness and employment - European … States (NMS) of the EU are a major beneficiary of these allocations, especially with regard to the convergence objective … the main issue is when and with which rate a process of regional convergence will occur, both inside each country and …
Persistent link: https://www.econbiz.de/10011332640
This paper discusses the evolution of competitiveness, industrial and trade specialization of the countries of Central and Eastern Europe (CEECs). It is shown that the paths taken by the different CEECs have been quite diverse and we attempt to show that a combination of a catching-up plus trade...
Persistent link: https://www.econbiz.de/10012100022
This paper looks at the experience of South East Europe which -- for the purposes of this paper -- includes the former states of Yugoslavia except for Slovenia (i.e. Croatia, Serbia-Montenegro, Bosnia-Herzegovina, and Macedonia), Albania, and the two EU candidate countries, Bulgaria and Romania....
Persistent link: https://www.econbiz.de/10012100032
This paper looks at the experience of South East Europe which – for the purposes of this paper – includes the former states of Yugoslavia except for Slovenia (i.e. Croatia, Serbia-Montenegro, Bosnia-Herzegovina, and Macedonia), Albania, and the two EU candidate countries, Bulgaria and...
Persistent link: https://www.econbiz.de/10012311419
The evolution of the convergence among the European countries, including both Eurozone as well as non …
Persistent link: https://www.econbiz.de/10014332656