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A stronger CEE for a stronger Europe
Wieser, Thomas; Grieveson, Richard; Holzner, Mario - 2024
the successful convergence process of those countries, not least thanks to their integration into European and global …; promotion of regional cooperation in areas such as withholding tax, convergence of rules on accounting and stock exchanges in … activities; education and training programs for sectors where wage convergence has made most progress, including promotion of …
Persistent link: https://www.econbiz.de/10014555560
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OCA cubes: Mundell in 3D
Krčílková, Michaela; Zápal, Jan - 2009
This paper intends to fill two gaps in the Optimal Currency Area literature. First of all, Mundell's original idea has very little formalmodel theoretical underpinning. Second, it almost exclusively views countries contemplating monetary unification as single economies. We question this view and...
Persistent link: https://www.econbiz.de/10010322271
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EMU and the Mediterranean Area
Giovannetti, Giorgia - 1998
This paper analyses the impact of European Monetary Union on outside countries, with emphasis on countries of the Mediterranean Area (MED12). After discussing the possible "eurization" of bilateral trades between EMU countries and countries with close economic and geographical links; the...
Persistent link: https://www.econbiz.de/10011608458
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Is the European Monetary Union an endogenous currency area? : the example of the labor markets
Buscher, Herbert S.; Gabrisch, Hubert - 2009
Our study tries to find out whether wage dynamics between Euro member countries became more synchronized through the adoption of the common currency. We calculate bivarate correlation coefficients of wage and wage cost dynamics and run a model of endogenously induced changes of coefficients,...
Persistent link: https://www.econbiz.de/10003825804
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OCA cubes: mundell in 3D
Krčílková, Michaela; Zápal, Jan - 2009
This paper intends to fill two gaps in the Optimal Currency Area literature. First of all, Mundell's original idea has very little formalmodel theoretical underpinning. Second, it almost exclusively views countries contemplating monetary unification as single economies. We question this view and...
Persistent link: https://www.econbiz.de/10003929595
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Trade intensity and output synchronisation : on the endogeneity properties of EMU
Caporale, Guglielmo Maria; De Santis, Roberta; Girardi, … - 2013
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...
Persistent link: https://www.econbiz.de/10009724042
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Romanian Current Account Sustainability after the Adhesion to European Union
Dumitriu, Ramona - 2013
After the fall of communist regime the Romanian current account passed from exceeds to substantial and persistent deficits. This evolution raised concerns over the country external sustainability. Since 2007, in the Romanian foreign trade dramatic changes occurred, being induced by the adhesion...
Persistent link: https://www.econbiz.de/10013083772
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Trade Intensity and Output Synchronisation : On the Endogeneity Properties of EMU
Caporale, Guglielmo Maria - 2013
Using annual bilateral data over the period 1988-2011 for a panel of 24 industrialised and emerging economies, we analyse in a time-varying framework the determinants of output synchronisation in EMU (European Monetary Union) distinguishing between core and peripheral member states. The results...
Persistent link: https://www.econbiz.de/10013083873
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Perspectives on the Euro Area Current Account Sustainability
Dumitriu, Ramona - 2018
Romanian version is available at: 'https://ssrn.com/abstract=3110875' https://ssrn.com/abstract=3110875This paper investigates the Eurozone current account sustainability by using unit root tests and cointegration techniques. The results indicate there is no cointegration between the credit and...
Persistent link: https://www.econbiz.de/10012940283
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Europe Without Borders? The Effect of the Euro on Price Convergence
Foad, Hisham S. - 2007
Has the introduction of the Euro reduced the impact of national borders on cross-border market convergence across the …
Persistent link: https://www.econbiz.de/10014072814