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'One Market, One Law, One Money?' Unintended Consequences of EMU, Enlargement, and Eurocentricity

Majone, Giandomenico - 2007

mutant of the old EU-15, not to mention the original EEC. The mutation pressures to which the EU is exposed today are to a … the other hand, the heterogeneity of EU-27 impedes the establishment of a Single Market for services. Many of the same … people who opposed the original (Bolkestein) General Services Directive also maintain that the EU should be much more than a …

Persistent link: https://www.econbiz.de/10012729703

Macroeconomic volatility, monetary union, and external exposure : evidence from five Eurozone members

Hegerty, Scott W. - In: Baltic journal of economics 20 (2020) 2, pp. 117-138

Membership in a common currency area is thought to promote economic stability by facilitating macroeconomic convergence, but a country might give up important monetary policy tools that could help stabilize its economy following a shock. The effect of a common currency on macroeconomic...

Persistent link: https://www.econbiz.de/10012296177

Measuring nominal and real convergence of selected CEE countries by the Taylor rule

Böing, Tobias; Stadtmann, Georg; Sydykova, Meerim - In: International journal of management and economics 52 (2016) 1, pp. 9-22

We propose using a simple Taylor rule to evaluate business cycle convergence of the Czech Republic, Hungary, and Poland with the Eurozone. Our findings indicate an ongoing convergence of those CEE countries to the Eurozone, but with instabilities and heterogeneity between the countries....

Persistent link: https://www.econbiz.de/10012026337

Zur Integration ausgewählter mittel- und osteuropäischer Länder in die währungspolitische Ordnung Europas

Konrad, Ingo - 2002

Länder werden wechselkurspolitische Optionen vor und nach einem EU-Beitritt untersucht. Ein zentrales Ziel ist es, eine … angemessene und länderindividuelle Strategie für die Währungsintegration der EU-Aspiranten herauszuarbeiten, die zugleich unter … Grundsatz nicht angemessen ist. Zugleich wird auf die Notwendigkeit verwiesen, die rechtsverbindlichen Vorgaben der EU in …

Persistent link: https://www.econbiz.de/10011938716

Real convergence in the euro area : a long-term perspective

Díaz del Hoyo, Juan L.; Dorrucci, Ettore; Heinz, … - 2017

In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with that of higher-income economies since the start of monetary union. The significant real convergence performance of some of the most recent members contrasts with that of the...

Persistent link: https://www.econbiz.de/10011755500

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2000

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10009781545