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Euro Adoption and Maastricht Criteria : Rules or Discretion?

Jonas, Jiri - 2006

In connection with the prospective euro adoption by the new EU members, the issue of how strictly to enforce the … Maastricht targets and argues that under the specific circumstances of euro adoption, and taking into account the way these … targets before euro adoption than required by the Maastricht fiscal criteria …

Persistent link: https://www.econbiz.de/10014053883

OCA theory and EMU Eastern enlargement : an empirical application

Weimann, Marco - 2003

Persistent link: https://www.econbiz.de/10001757453

Financial openness and business cycle volatility

Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002

This paper discusses whether the integration of international financial markets affects business cycle fluctuations. In the framework of a new open economy macro-model, we show that the link between financial openness and business cycle volatility depends on the nature of the underlying shock....

Persistent link: https://www.econbiz.de/10001685221

European Monetary Union : Evidence from Structural Vars

Whitt, Joseph A. - 2014

This paper examines the historical pattern of aggregate demand and supply shocks in several European Monetary System countries in order to assess the desirability of monetary union. Countries with similar patterns of shocks are presumably better candidates for monetary union than those hit by...

Persistent link: https://www.econbiz.de/10014048884

Financial Openness and Business Cycle Volatility

Pierdzioch, Christian; Buch, Claudia M.; Döpke, Jörg - 2002

Persistent link: https://www.econbiz.de/10014113303

Pegxit Pressure : Evidence from the Classical Gold Standard

Mitchener, Kris - 2017

We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...

Persistent link: https://www.econbiz.de/10012965714

Influence of ADB Bond Issues and US Bonds on Asian Government Bonds

Inoguchi, Masahiro - 2014

This article examines whether there is a correlation between the government bond markets of Asian countries and those of the USA, and whether the efforts of international organizations to improve bond markets have had any effect in East Asia. Because the sizes of the government bond markets are...

Persistent link: https://www.econbiz.de/10013060911

Currency Unions and Currency Crises : An Empirical Assessment

Coulibaly, Brahima - 2009

Using panel data of 192 countries from 1970 through 1999, and 195 currency crisis episodes, this study examines the effect of membership in a currency union on the probability of experiencing a currency crisis. Both parametric and non-parametric estimates suggest that membership in a currency...

Persistent link: https://www.econbiz.de/10013160054

OCA theory and EMU eastern enlargement : an empirical application

Weimann, Marco - 2002

Persistent link: https://www.econbiz.de/10001682919

OCA theory and EMU eastern enlargement : an empirical application

Weimann, Marco - 2002

Already before the final introduction of the single European currency there have been negotiations on a further enlargement of the Eurozone to the East. The accession of 10 Central and Eastern European Countries (CEEC) to Euroland is likely to be realised within the next 10 years and it is an...

Persistent link: https://www.econbiz.de/10010506205