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of history confirm the stability of the euro as a single currency in the region and it is seen as a great achievement of …
Persistent link: https://www.econbiz.de/10012212663
shows that this is not always the case. Using a panel data approach, I find that exports between eurozone members are on … average more concentrated than those among countries which do not share the euro. Central to this outcome is that some … economic integration agreements, such as the euro, may lead to a drop in not only trade but horizontal FDI costs as well …
Persistent link: https://www.econbiz.de/10013016763
This study operationalizes the Optimum Currency Area (OCA) to investigate the preparedness of Economic Community of West African States (ECOWAS) members to form a Monetary Union (MU). Inflation and output models are estimated, with the sample 1988:01 to 2017:12 for the former and 1967 to 2016...
Persistent link: https://www.econbiz.de/10012016723
number of weaknesses in the approach taken in the eurozone. In Europe, there was an unresolved tension between the so …
Persistent link: https://www.econbiz.de/10010367480
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/10014073329
This paper tests for the hypothesis that institutional integration interacts with economic integration at the regional level. In particular, we ask what lessons can be drawn from the European experience with regional integration for Latin America. Several indicators of institutional and economic...
Persistent link: https://www.econbiz.de/10013320190
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 excessive high public debt of almost all member states of the euro area, resulting from diverging tendencies of … in the macro-economic control of the euro area. The trade unions, using their control over Wage-Earner Investment Funds …, increase labour productivity in the regions and sectors of the euro area such that the imbalances of intra-euro-area trade are …
Persistent link: https://www.econbiz.de/10013113224
of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …
Persistent link: https://www.econbiz.de/10010255127
monetary unions. On specific points, a comparison is made between the eurozone and the CFA zone. The article then investigates …
Persistent link: https://www.econbiz.de/10012288194