Dullien, Sebastian; Fritsche, Ulrich; Groessl, Ingrid; … - Fachbereich Sozialökonomie, Universität Hamburg - 2009
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...
