Égert, Balázs; Crespo-Cuaresma, Jesus; Reininger, Thomas - 2006
than in Spain and is higher than in core euro area countries. Hence, euro adoption by the CEE-5 would not further increase … heterogeneity within the euro area with regard to the interest rate passthrough. However, substantially more research is needed to … establish commonalities and differences between the CEE-5 and the euro area with respect to the reaction of prices and output to …