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Adopting the European single currency is reevaluated amid changing environment of the existing euro area. In this paper …
Persistent link: https://www.econbiz.de/10014176002
European Union will face before joining ERM II and the euro's area. Their present monetary and exchange rate policies will … complications for them and in consequence delay their access to the euro's area. This paper proposes to introduce currency board … arrangement (CBA) to euro as an accession-related adjustment to ERM II and to the euro's area. As a main benefit may be indicated …
Persistent link: https://www.econbiz.de/10014109897
Countries unable or unwilling to join a monetary union can replicate most membership effects unilaterally through either a currency board or the formal replacement of domestic currency by that of the Union. Potential benefits include lower transaction costs, lower interest rates, and lower...
Persistent link: https://www.econbiz.de/10014114184
led to its establishment as a response to the current fiscal crisis in the euro area are the subject matter of Section 1 …
Persistent link: https://www.econbiz.de/10012931350
Persistent link: https://www.econbiz.de/10012487646
Persistent link: https://www.econbiz.de/10011854390
the EMU, in no case should cutbacks be made for small countries concerning the stability requirements. -- Euro ; European …
Persistent link: https://www.econbiz.de/10009487855
This study presents a cost-benefit analysis of euro adoption for the case of Bulgaria. Based on a review of existing … similar studies for other East European EU member states, it outlines the basic types of potential costs and benefits of euro … important nuances which may be of relevance for the analysis of euro adoption in Eastern Europe in general. …
Persistent link: https://www.econbiz.de/10011387183
This article analyzes the main issues for monetary policy in new EU member states before their euro adoption. These are …
Persistent link: https://www.econbiz.de/10012731352
The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the...
Persistent link: https://www.econbiz.de/10012942397