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Candidate countries of central and eastern Europe (CEECs) are suppose to join the EU in 2004, June, which imply that they will face important challenges in the conduct of macroeconomic policy, in order to be able to enter the ERM-II system and eventually enter the EMU (European Monetary Union)....
Persistent link: https://www.econbiz.de/10010756883
Candidate countries of central and eastern Europe (CEECs) are suppose to join the EU in 2004, June, which imply that they will face important challenges in the conduct of macroeconomic policy, in order to be able to enter the ERM-II system and eventually enter the EMU (European Monetary Union)....
Persistent link: https://www.econbiz.de/10005510660
Das Kernelement der Europäischen Integration, der "Binnenmarkt", feiert heuer das 20-jährige Bestehen. Österreich hat seit dem Beitritt zur EU im Jahr 1995 an allen vertiefenden Schritten der EU-Integration teilgenommen. Nicht nur politisch ist Österreich durch die EU-Mitgliedschaft...
Persistent link: https://www.econbiz.de/10011379804
We estimate an augmented gravity model to analyse the effects of FDI into China originating in OECD countries on FDI into EU and other countries over the period 1990-2004. Our results suggest that on average, ceteris paribus, over the analysed period, FDI inflows into China have been...
Persistent link: https://www.econbiz.de/10003671588
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 optimality in comparison with a reference group of the...
Persistent link: https://www.econbiz.de/10011490871
This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...
Persistent link: https://www.econbiz.de/10010459812
In 1976 Vaubel suggested using the variation of real exchange rates when evaluating the desirability of a monetary union within a group of currencies (Vaubel 1976). Currency unification is less desirable, the more often real exchange rate adjustments are needed. Ten years later, Mussa...
Persistent link: https://www.econbiz.de/10009671124
The present study sheds light on important aspects of monetary integration in the European Union involving the newest member states. It assesses the degree to which they satisfy the business cycle correlation criteria.Our results demonstrate that there is a common business cycle in the Euro area...
Persistent link: https://www.econbiz.de/10012723425
The Whitehall Briefing (leaked in January but only officially released this month) is not the last word on the potential long-term economic impact of Brexit, despite claims from others that it ‘proves’ GDP will be lower in ‘all’ scenarios. As the report itself says, it is only ‘draft...
Persistent link: https://www.econbiz.de/10013224243
Das Kernelement der Europäischen Integration, der „Binnenmarkt“, feiert heuer das 20-jährige Bestehen. Österreich hat seit dem Beitritt zur EU im Jahr 1995 an allen vertiefenden Schritten der EU-Integration teilgenommen. Nicht nur politisch ist Österreich durch die EU-Mitgliedschaft...
Persistent link: https://www.econbiz.de/10010856821