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This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU … benefits and losses of EMU accession may differ with regard to the different issue areas. To get to clear-cut recommendations …
Persistent link: https://www.econbiz.de/10010266828
leading to currency and financial crises whenever they perceive the authorities' commitment to EMU less credible. This article …
Persistent link: https://www.econbiz.de/10010274318
The main topic of the paper is optimal dynamics, i.e., timing of entry of the accession countries in the ERM 2 and EMU … delayed entry into the EMU? b) What are economic and other arguments for an early or late inclusion? c) What are the … with respect to the timing of entry in the ERM 2 as an interim institutional mechanism in the run-up to the EMU. …
Persistent link: https://www.econbiz.de/10010274503
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...
Persistent link: https://www.econbiz.de/10010315632
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession countries, with a view to making policy recommendations regarding their accession to full European Monetary Union. We employ a dynamic OLS panel estimator to investigate the relative...
Persistent link: https://www.econbiz.de/10011506491
Persistent link: https://www.econbiz.de/10011574941
Persistent link: https://www.econbiz.de/10012433879
The connection between monetary integration and political integration is probably the most contentious aspect of the Maastricht process. In this paper I suggest that relationship between monetary and political integration is contingent; under only slightly different initial conditions, these two...
Persistent link: https://www.econbiz.de/10010538645
, Eurozone societies. A review of EMU's origins and first years of EMU would thus be remiss without national case studies. France … European monetary integration and EMU. …
Persistent link: https://www.econbiz.de/10010669632
outside EMU to the EMU-inflation rate, and compare it with exchange rate pegging. We find that inflation targeting suffers …
Persistent link: https://www.econbiz.de/10005791815