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GDP growth rate data from 1980 to 2022 is used to evaluate real convergence among member states. The findings of the study …This study estimates the rate and distance to convergence of WAMZ Member States and provides a comparative analysis of … nominal and real convergence to evaluate WAMZ's preparedness for monetary integration. We employ monthly data on the consumer …
Persistent link: https://www.econbiz.de/10015045367
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...
Persistent link: https://www.econbiz.de/10011509539
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The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …
Persistent link: https://www.econbiz.de/10011490871
Von Kritikern der Europäischen Währungsunion wird oft behauptet, die realwirtschaftliche Entwicklung in den einzelnen Regionen sei zu unterschiedlich, als dass eine einheitliche Geldpolitik effizient sein könne. Wie berechtigt solche Befürchtungen sind, lässt sich durch einen Vergleich des...
Persistent link: https://www.econbiz.de/10011602090
In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through investments into quality. Our...
Persistent link: https://www.econbiz.de/10011604786
. 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/10009759339
inflation and growth rates have diminished. In this case, the single monetary policy would rather meet the monetary needs of the … 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
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