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Monetary Convergence and Risk Premiums in the EU Accession Countries

Orlowski, Lucjan T. - 2005

This study examines the impact of various monetary policy regimes on the ability to lower inflation and exchange rate … risk premiums in the EU accession countries as they undergo monetary convergence to the eurozone. It proposes a monetary … policy framework of flexible targeting of relative inflation risk premium that is believed to be credible and useful for …

Persistent link: https://www.econbiz.de/10014067013

Pilgrims to the Eurozone : How Far, How Fast?

Kočenda, Evžen - 2006

inflation convergence with respect to the Maastricht benchmark as well as the European Central Bank's inflation objective; and …-capita real income convergence towards EU standards. Although evidence indicates significant inflation and interest rate …) consider adopting fiscal rules. Therefore, the countries with serious fiscal problems should not rush to enter the Eurozone …

Persistent link: https://www.econbiz.de/10012734445

Pilgrims to the Eurozone : How Far, How Fast?

Kočenda, Evžen; Kutan, Ali M.; Yigit, Taner M. - 2006

examination of inflation and interest rate convergence with respect to the Maastricht benchmarks, and employment of more … convergence towards EU standards. On the other hand, evidence indicates significant strong inflation and interest rate convergence …

Persistent link: https://www.econbiz.de/10014053885

Nominal, structural and real convergence of the EU candidate countries' economies

Bobeva, Daniela - In: Journal of central banking theory and practice 10 (2021) 3, pp. 59-78

Despite the significant academic interest in the economic cohesion, the various aspects of convergence and the ways they can be measured still remain theoretically unclear. These are issues of extreme political significance, especially for countries aspiring for EU and euro area membership. The...

Persistent link: https://www.econbiz.de/10012650896

OCA theory and EMU Eastern enlargement : an empirical application

Weimann, Marco - 2003 - This version: April 2003

The accession of several Central and Eastern European Countries to Euroland is likely to be realised within the next years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the related macroeconomic costs. Still, they are prone to...

Persistent link: https://www.econbiz.de/10010503148

OCA theory and EMU eastern enlargement : an empirical application

Weimann, Marco - 2002

enlargement of the Eurozone to the East. The accession of 10 Central and Eastern European Countries (CEEC) to Euroland is likely …

Persistent link: https://www.econbiz.de/10010506205

The eastward enlargement of the eurozone trade and FDI

Caetano, José Manuel; Galego, Aurora; Vaz, E.; Vieira, … - 2002

The objective of this study is to examine recent developments in trade and FDI flows between the EU and the CEEC, trying to anticipate future consequences from the economic integration of the two blocks. Economic theory suggests that integration conveys positive effects upon welfare, due to the...