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The failure of the Maastricht criteria delayed Estonia’s accession to the European Monetary Union (EMU) until January …Der Beitritt von Estland zur Eurozone verzögerte sich aufgrund der Nichterfüllung des EU-Konvergenzkriteriums zur …
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We investigate how adopting the euro affects exports using firm-level data from Slovakia and Estonia. In contrast to … a floating exchange rate, while it has almost no effect in Estonia, which had a fixed exchange rate to the euro prior to …
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This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand conditions. Monetary conditions are measured with the MCI concept proposed by the Bank of Canada, and with the yield spread. A central result is that causality runs in both ways...
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