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An often heard view is that exchange rate variability will decrease for a country that joins the EMU. This is not …
Persistent link: https://www.econbiz.de/10011589019
Which have been the consequences of the euro for integration and economic performance in the Baltic Sea region? After …: the Polish zloty depreciated in the critical moment of the crisis, while currency boards with the aim of joining the euro … Sea region suggests that the euro provides "the golden fetters" of our time. Emigration, also a kind of integration, has …
Persistent link: https://www.econbiz.de/10012433742
This paper attempts to determine whether or not the introduction of the euro affected the volatility of bilateral …
Persistent link: https://www.econbiz.de/10013141096
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after "euroization". The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To...
Persistent link: https://www.econbiz.de/10011499412
One of the most pressing issues concerning policymakers today is the choice of an exchange rate regime. Despite the intricacies of this problem, monetary authorities could narrow down their list of options if they were to focus on the following principles: full implementation to ensure...
Persistent link: https://www.econbiz.de/10010960609
) "uncovered inflation rate parity condition" in a monetary union. The analysis of the actual divergences and imbalances in the EMU … increasing economic and political tensions. Thus we conclude with the application of the Rodrik's political trilemma to the EMU …
Persistent link: https://www.econbiz.de/10011926988
This paper attempts to provide a comprehensive overview on the theoretical and empirical analysis of the selection and assessment of exchange rate regimes. The literature can be divided into two main groups: classical and modern. The first group refers to earlier studies examining the...
Persistent link: https://www.econbiz.de/10010748293
This paper explore more than 30 years of ideas on the issues surrounding the selection and assessment of exchange rate regimes. It will attempt to provide a comprehensive overview on the theoretical and empirical analysis of the selection and assessment of exchange rate regimes, exposing and...
Persistent link: https://www.econbiz.de/10005011937
Persistent link: https://www.econbiz.de/10012211274
-euro area assets/liabilities, before stage 3 of EMU. A number of key factors determining the currency distribution of … a special emphasis on the first year of the euro. A contribution is made as to how to measure these roles, both for … identification of changes in the role of the euro during 1999 compared to the aggregate of euro predecessor currencies, net of intra …
Persistent link: https://www.econbiz.de/10009767695