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Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...
Persistent link: https://www.econbiz.de/10011511101
The aim of this work is to assess the impact of financial crises on output for 11 European transition economies (CEECs). The results suggest that financial crises have a significant and permanent effect, lowering long-term output by about 17 percent. The effect is more important in smaller...
Persistent link: https://www.econbiz.de/10013150119
panel including potential EMU accession countries. By means of rank regression analysis we uncover the partial links across …
Persistent link: https://www.econbiz.de/10011325969
run-up to EU/EMU membership. It argues that there is no "one-size-fits-all" exchange rate regime that accession countries … has joined the EMU. Indeed, the convergence of short-term interest rates to EMU levels that will come with accession will …
Persistent link: https://www.econbiz.de/10014139451
Persistent link: https://www.econbiz.de/10010409858
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Persistent link: https://www.econbiz.de/10011794297
years ago. The next goal of the EC8 is to achieve European Monetary Union (EMU) convergence in the foreseeable future. This … convergence goals necessary to achieve EMU membership. Using synthetic taxonomic analysis, this paper looks at which transition … countries are on track to achieve EMU convergence now that EU membership is attained, and for other accession countries. Our …
Persistent link: https://www.econbiz.de/10012766408
While the paper touches upon the experience of most transition economies in Eastern and Central Europe, it focuses on the creation and functioning of capital market development in four countries in the region, namely, the Czech Republic, Hungary, Poland and Slovenia. Capital market in these four...
Persistent link: https://www.econbiz.de/10013098999
The paper seeks to empirically explore the variations and changes in the degree of International Financial Integration (IFI) between the European Transition countries and Post-Transition countries between 2000 and 2016. The estimation of parameters was made using the Generalized Method of Moment...
Persistent link: https://www.econbiz.de/10014091025