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to popular perception high inflation is not necessary for fast convergence. Moreover the trajectories of certain euro … and stable for EU member states over the period 1997-2006. The joint dynamics of price and GDP levels tend to gravitate … towards the regression line but there is no shorter-term trade-off between fast real convergence and low inflation. Contrary …
Persistent link: https://www.econbiz.de/10005695393
indicators before and after entering the EU are compeered. Latvia's incoming in EU increased the amount of received means from …
Persistent link: https://www.econbiz.de/10009216353
investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU … integration of the Latvian economy into EU, is developed. In the model international financial flows connected with Latvia and EU … integration in the EU, but on its basis it is possible to create models of regional cohesion in Europe. …
Persistent link: https://www.econbiz.de/10009367975
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10010275698
single currency will bring real benefits. To become a EU member state, Romania has had to build and a reference system, the … reference currency is Euro, not U.S. dollars. The new currency will be a factor of stability which will reduce a lot of trading … losses due to local fluctuations of the dollar against euro. From 1 January 2003, the currency has been established in …
Persistent link: https://www.econbiz.de/10005619508
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …
Persistent link: https://www.econbiz.de/10008533991
This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the … end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using … public support for the euro. First, we find that a majority of respondents support the euro in nearly all 19 euro area member …
Persistent link: https://www.econbiz.de/10013208809
convergence for the new EU Member States. We discuss two of the main channels through which real convergence could affect relative … prices with respect to the euro area: productivity growth and increased trade openness. Productivity growth can have a … productivity growth a positive one on price level convergence with respect to the euro area. …
Persistent link: https://www.econbiz.de/10011604873
trading partners at the country-sector level. We find that especially upstream integration and EU-accession dampen inflation … the EU as an example of an integrated area, we construct measures of backward and forward linkages with intra- and extra-EU …. The results for downstream integration indicate a price-increasing relationship. We propose novel EU integration …
Persistent link: https://www.econbiz.de/10012230486
costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …
Persistent link: https://www.econbiz.de/10012157863