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.SUMMARYBy establishing the Economic and Monetary Union (EMU) and the European Central Bank the EU made an important step towards finalization … the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …
Persistent link: https://www.econbiz.de/10009478178
This dissertation studies the Economic and Monetary Union (EMU) and itseffects on foreign exchange markets and … I find that PPP during the common currency regimeholds in fewer EMU countries than during the alternative exchange rate … after the introduction of the euro for the EMU countries asopposed to the non-EMU countries. I do not obtain strong evidence …
Persistent link: https://www.econbiz.de/10009465029
Monetary Union is analyzed, taking a modified Galí/Monacelli New-Keynesian model for the EMU as a basis. In the second part …
Persistent link: https://www.econbiz.de/10009785604