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on 1 May 2004 into the euro area. Most NMS have undergone a rapid and deep transformation in all areas with considerable … the euro area in the process of labour market and institutional reform (their labour market structures are more flexible … than those of the euro area countries). There is also some evidence that a few NMS have a significant degree of business …
Persistent link: https://www.econbiz.de/10011606188
on 1 May 2004 into the euro area. Most NMS have undergone a rapid and deep transformation in all areas with considerable … the euro area in the process of labour market and institutional reform (their labour market structures are more flexible … than those of the euro area countries). There is also some evidence that a few NMS have a significant degree of business …
Persistent link: https://www.econbiz.de/10005042601
in response to the euro area crisis. The paper complements the economic narratives of the crisis with an institutional …
Persistent link: https://www.econbiz.de/10011606312
present diverse arguments and, where possible, explore the incipient empirical literature focussing on the euro area. Our …
Persistent link: https://www.econbiz.de/10011604514
This paper addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro … -- on economic and financial structures, institutions and performance. What type of changes is the euro fostering? What … forces is it setting in motion that were not there before? Six years after the launch of the euro, was an appropriate time to …
Persistent link: https://www.econbiz.de/10011604645
present diverse arguments and, where possible, explore the incipient empirical literature focussing on the euro area. Our …
Persistent link: https://www.econbiz.de/10013318634
, where possible, explore the incipient empirical literature focussing on the euro area. On the whole, concerning EMU, our …
Persistent link: https://www.econbiz.de/10005021915
Maastricht Treaty criteria and to accept a priori definite course of resigning from national currency for euro currency. After … the fulfillment of required adjustment periods of euro adoption, the European law forces the total departure from national … to introduce the euro, when the country is in good economic condition, confirmed by the fulfillment of nominal …
Persistent link: https://www.econbiz.de/10013074838
Economic and Monetary Union is an unprecedented event in the monetary history of Europe. The eurozone since its creation 13 years ago expanded to 17 Member States and functioned relatively smoothly up to the outset of the global financial crisis. Only the severity of the subsequent eurozone...
Persistent link: https://www.econbiz.de/10009651099
This paper surveys the optimum currency area (OCA) literature. It is organised into four phases: the 'pioneering phase' which put forward the OCA theory and its properties, the 'reconciliation phase' when its diverse facets were combined, the 'reassessment phase' that led to the 'new OCA theory'...
Persistent link: https://www.econbiz.de/10011604184