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The Portuguese Experience with the Euro - Relevance for New EU Member Countries
Basto, Rita Bessone - 2008
In the years leading to EMU, the Portuguese economy experienced robust growth, lower inflation and reduced budget deficits, allowing the country to meet the Maastricht criteria and participate in EMU. A few years after the adoption of the euro, this scenario changed and the apparent success...
Persistent link: https://www.econbiz.de/10012771942
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Money Rules for the Eurozone Candidate Countries
Orlowski, Lucjan T. - 2005
converging to a common currency system, in particular, by the eurozone candidate countries. The analytical framework assumes an …, in this case, is the eurozone's inflation forecast. The study advances a forward-looking money growth model that might be … applied to aid monetary convergence to the eurozone. However, feasibility of adopting money growth rules depends on stable …
Persistent link: https://www.econbiz.de/10014066969
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Monetary Convergence of the EU Accession Countries to the Eurozone : A Theoretical Framework and Policy Implications
Orlowski, Lucjan T. - 2005
policy choice that is believed to facilitate both the economic transition and the monetary convergence to the eurozone … exchange rate fluctuations, the eurozone inflation impulses, and output changes. The analysis implies that the monetary …
Persistent link: https://www.econbiz.de/10014067012
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Monetary Convergence and Risk Premiums in the EU Accession Countries
Orlowski, Lucjan T. - 2005
risk premiums in the EU accession countries as they undergo monetary convergence to the eurozone. It proposes a monetary …
Persistent link: https://www.econbiz.de/10014067013
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EMU Strategies : Lessons from Past Experience in View of EU Enlargement
Papaspyrou, Theodoros - 2022
This paper, after reviewing briefly the early steps of European monetary integration and key elements of the EMU project as reflected in the Treaty of Maastricht, analyses the monetary integration strategy and convergence experience of member states, in particular that of Greece, in the 1990s...
Persistent link: https://www.econbiz.de/10014080717
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EMU strategies for new Member States : the role of Exchange Rate Mechanism II
Papaspyrou, Theodoros - 2022
This paper examines the role of ERM II in the convergence effort of the new Member States, against the background of past convergence experience and in the light of EU rules for economic and monetary policy. Key aspects of the mechanism are analysed, including the appropriate timing and duration...
Persistent link: https://www.econbiz.de/10014080584
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Hungary's Entry into the Euro Area : Lessons for Prospective Members from a Monetary Policy Perspective
Siklos, Pierre L. - 2006
This paper evaluates the conduct of monetary policy in Hungary using standard Taylor rules as well as extended rules that incorporate real exchange rate effects. Moreover, we explicitly consider the impact of future euro area entry by estimating instrument rules that permit an influence from...
Persistent link: https://www.econbiz.de/10014053881
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Macroeconomic dynamics in four selected New Member States of the EU
Foresi, Pasquale; Marani, Ugo; Piroli, Giuseppe - 2013
the eurozone. …
Persistent link: https://www.econbiz.de/10011527190
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Wandel in der Geldpolitik und Ausweitung der Europäiscjen Schuldekrise (Change in Monetary Policy and Enlarging Effects on the European Debt Crisis)
Rohde, Armin - 2012
In the present paper fundamental changes in monetary policy strategy, especially in leading industrialized countries, from concentrating on development of the quantity of money to focusing strictly on developments of interest rates and interest rate levels is analysed in the case of the European...
Persistent link: https://www.econbiz.de/10013096026