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The Stability and Growth Pact (SGP) in the EU's economic and monetary union (EMU) aims to assure sound public finances in the EMU Member States by providing for sanctions against countries with excessive deficits. We experimentally examine the voting procedure of the SGP and find that the...
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This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis … stabilization of the CEECs' convergence toward the EMU, and a successful eastward enlargement of the eurozone. …Examines the political economy of exchange-rate policies in the context of the eastward enlargement of the eurozone …
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Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10011441669
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...
Persistent link: https://www.econbiz.de/10013428171