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euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the …
Persistent link: https://www.econbiz.de/10012506932
This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia …, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is … exchange rate vis-à-vis the Euro of each Baltic country, reflecting a degree of real convergence consistent with Optimum …
Persistent link: https://www.econbiz.de/10003748337
Persistent link: https://www.econbiz.de/10003612738
Persistent link: https://www.econbiz.de/10003496514
In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for...
Persistent link: https://www.econbiz.de/10011397787
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
Soon, euro area membership could more than double, with the vast majority of accession countries being quite different … political economy perspective, including a potential conflict with the established voting rights of current euro area member …
Persistent link: https://www.econbiz.de/10011511101
Persistent link: https://www.econbiz.de/10003364637
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10009781545
.S. dollar is a base currency the impact of the news is larger than in the case of the euro, (vii) announcements on ECB monetary …
Persistent link: https://www.econbiz.de/10011902959