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Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the current institutional framework for their relations with...
Persistent link: https://www.econbiz.de/10012782244
Southern Section of Cyprus are preparing their economy for a full-membership to the EU while Turkey, as an associate-member of … the Union since 1963 and as a part of customs union between Turkey and the EU since 1996, seems to be excluded from the … next EU enlargement process. This paper has mainly two interrelated discussion topics. First, Turkey, 11 membership …
Persistent link: https://www.econbiz.de/10014207789
The failure of the Maastricht criteria delayed Estonia’s accession to the European Monetary Union (EMU) until January 2011. During this time, trading shares with Eurozone countries declined, raising questions about the optimal accession time. In this study, the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10010417152
The failure of the Maastricht criteria delayed Estonia's accession to the European Monetary Union (EMU) until January 2011. During this time, trading shares with Eurozone countries declined, raising questions about the optimal accession time. In this study, the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10013050232
Labour market developments in the Euro area diverged significantly since 2008. Economic literature frequently refers to labour mobility as pillar for the functioning of currency areas. Applying the CGE model PuMA, we quantitatively analyse to what extent labour mobility can contribute to...
Persistent link: https://www.econbiz.de/10013164979
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10012941989
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...
Persistent link: https://www.econbiz.de/10011755500
This paper studies the productivity effects of integration deepening. The identification strategy exploits the 1995 European Union (EU) enlargement, when all candidate countries joined the Single Market but one - Norway - did not join the EU. Our synthetic difference-in-differences estimates on...
Persistent link: https://www.econbiz.de/10012698068
This paper provides new empirical evidence of the "euro effect" on bilateral trade by allowing for a heterogeneous impact on "new" and "old" EMU members. By applying a Poisson estimator and focusing on a sample of 38 countries, our results show a statistically insignificant euro's effect on...
Persistent link: https://www.econbiz.de/10011772025
Persistent link: https://www.econbiz.de/10000684196