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This paper investigates empirically the extent to which the ten new EU countries are ready to join the European Monetary Union (EMU). Using France and Germany as a benchmark, we assess the prospects of successful EMU participation based on common trends analysis of the nominal convergence...
Persistent link: https://www.econbiz.de/10009392009
This paper investigates empirically the extend to which the ten new countries of the current EU enlargement are ready to join the European Monetary Union (EMU). We assess the prospects of successful accession into the EMU using cointegration and common trends analysis on the nominal convergence...
Persistent link: https://www.econbiz.de/10004991188
This paper uses cointegration and common trends techniques to investigate empirically the expectations hypothesis of the term structure of interest rates for the 10 new EU countries, along with Bulgaria and Romania. The empirical results support the expectations theory of the term structure for...
Persistent link: https://www.econbiz.de/10004994303
This paper uses cointegration and common trends techniques to investigate empirically the expectations hypothesis of the term structure of interest rates in the 10 new EU countries, and the 2 core EMU countries, France and Germany. By decomposing each term structure into its transitory and...
Persistent link: https://www.econbiz.de/10004994376
This paper uses cointegration and common trends techniques to investigate empirically the expectations hypothesis of the term structure of interest rates among the original 15 EU countries. By decomposing each term structure into its transitory and permanent components, we also examine whether...
Persistent link: https://www.econbiz.de/10005040023
This paper investigates empirically the extent to which the ten new countries of the recent EU enlargement are ready to join the European Monetary Union (EMU). We assess the prospects of successful accession into the EMU using cointegration and common trends analysis on the nominal convergence...
Persistent link: https://www.econbiz.de/10005040029
Persistent link: https://www.econbiz.de/10003790253
Persistent link: https://www.econbiz.de/10003379403
Persistent link: https://www.econbiz.de/10003722755
Persistent link: https://www.econbiz.de/10007996663