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Pre-Accession Transition Countries (PATCs) aim at early admittance to the monetary club. Their fiscal indicators - deficit and debt - do not show any serious symptoms. Closer scrutiny reveals, however, that the interest burden of their public debt might be underestimated, and that restructuring...
Persistent link: https://www.econbiz.de/10011431300
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/10011490871
Persistent link: https://www.econbiz.de/10001705186
Pre-Accession Transition Countries (PATCs) aim at early admittance to the monetary club. Their fiscal indicators deficit and debt - do not show any serious symptoms. Closer scrutiny reveals, however, that the interest burden of their public debt might be underestimated, and that restructuring...
Persistent link: https://www.econbiz.de/10001645766
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