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This paper investigates capital market integration in the major Central European emerging economies by testing the covered and uncovered interest parity conditions vis-à-vis the U.S. dollar and the DM/euro. The results for the Central European economies since 1997 are contrasted against those...
Persistent link: https://www.econbiz.de/10011509413
This paper investigates capital market integration in the major Central European emerging economies by testing the covered and uncovered interest parity conditions vis-á-vis the U.S. dollar and the DM/euro. The results for the Central European economies since 1997 are contrasted against those...
Persistent link: https://www.econbiz.de/10001807103
We compare the convergence with German monetary policy of the Balkan and Mediterranean country candidates for EU …
Persistent link: https://www.econbiz.de/10010518130
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
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
across the EU regions mostly concentrate on convergence in average per capita incomes, offering little evidence on how … to fill this gap, focussing on whether there has been convergence of income inequality among EU regions, and on to what … extent regional initial conditions and the Cohesion Policy funds affect the convergence process. Cross-section and panel …
Persistent link: https://www.econbiz.de/10012414772
Bottom-up processes of policy convergence are increasingly discussed as a substitute for the absence of supranational …-up convergence? In order to answer this question, we first construct country-specific R&D-based knowledge stocks, and then … Member States over the time period 1990-2012 is employed to test for the presence of conditional â-convergence using a bias …
Persistent link: https://www.econbiz.de/10011723890
Rizzo (2004), we characterize the change and convergence of net equivalized income distributions among European Union … inequality-affecting (shape-in uenced) convergence of distributions. …
Persistent link: https://www.econbiz.de/10012053562
across the EU regions mostly concentrate on convergence in average per capita incomes, offering much less evidence on how … to fill this gap, focusing on whether there has been convergence of income distribution among EU regions, and on to what … extent regional initial conditions and the Cohesion Policy affect the convergence process. Crosssection and panel convergence …
Persistent link: https://www.econbiz.de/10012009197
regional convergence, as every percentage point of net migration increased GDP per capita by roughly 0.01% and reduced …
Persistent link: https://www.econbiz.de/10012595256