Showing 1 - 10 of 8,353
Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10010425867
adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability …
Persistent link: https://www.econbiz.de/10003915319
. The asymmetric euro regime is meant to achieve convergence through the enforced structural transformation of Southern …
Persistent link: https://www.econbiz.de/10011707717
Persistent link: https://www.econbiz.de/10014233453
Persistent link: https://www.econbiz.de/10009759339
Persistent link: https://www.econbiz.de/10010370394
Persistent link: https://www.econbiz.de/10010376509
member countries. On the one hand, (partially small) hints for convergence can be found for several countries. On the other …
Persistent link: https://www.econbiz.de/10010358677
This paper examines the current state of price convergence amongst the eleven initial EMU member states. Special … attention is given to possible changes in the convergence process during the euro cash changeover. We apply the convergence … kernel-density estimates. We find that convergence took place before 2000, slowed down substantially between 2000 and 2003 …
Persistent link: https://www.econbiz.de/10010425231
Persistent link: https://www.econbiz.de/10009540828