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monetary policy affairs, the heterogeneity of EMU-5 members is surveyed. The brief analysis of two main aspects of the monetary … (part II) of Benelux, France and Germany (EMU-5) covering the period of 1997-2004. The fiscal policy part concentrates on …
Persistent link: https://www.econbiz.de/10010331064
monetary policy affairs, the heterogeneity of EMU-5 members is surveyed. The brief analysis of two main aspects of the monetary … (part II) of Benelux, France and Germany (EMU-5) covering the period of 1997-2004. The fiscal policy part concentrates on …
Persistent link: https://www.econbiz.de/10005225401
This report reflects on recent trends in fiscal and monetary policies at the onset of EU-enlargement. Particularly, the authors focus on necessary adjustment processes for future EU-members. How to smooth best the transition period between "normal" EU-accession and eventual participation in the...
Persistent link: https://www.econbiz.de/10005749261
toward a more market based approach. Its impact in Eastern Europe will be even stronger. To ensure the success of EMU an …
Persistent link: https://www.econbiz.de/10001838266
monetary policy, especially inflation targeting in three CEE countries. -- EU-budget costs ; ECB ; EMU ; EU …-enlargement ; fiscal and monetary policy ; heterogeneity ; Stability and Growth Pact ; Monetary Policy Modelling …
Persistent link: https://www.econbiz.de/10002610584
After joining EU, the accession countries are expected to join the EMU and the euro-area. This cannot take place … entering EMU stage three and fulfil Maastricht convergence criteria’s. There is no deadline, when accession countries should … briefly the EMU accession issues in Baltic countries. In addition, a formal inspection of the OCA criteria in Baltic countries …
Persistent link: https://www.econbiz.de/10002610585
This paper reviews the macroeconomic policies and performance of the three Nordic EU countries. The experiences of Denmark, Finland and Sweden from the turbulent economic developments of the 1990s and from adjusting their public sectors to fiscal consolidation are illustrating, not least for the...
Persistent link: https://www.econbiz.de/10002610586
. -- EU-budget costs ; ECB ; EMU ; EU-enlargement ; fiscal and monetary policy ; heterogeneity ; Stability and Growth Pact … monetary policy affairs, the heterogeneity of EMU-5 members is surveyed. The brief analysis of two main aspects of the monetary … (part II) of Benelux, France and Germany (EMU-5) covering the period of 1997-2004. The fiscal policy part concentrates on …
Persistent link: https://www.econbiz.de/10002610588
The recent outset of European Monetary Integration with the introduction of a unique currency and a full centralization of monetary policy together with the increasing integration of global capital markets, stimulated a large body of research on monetary policy rules. Since Lucas' critique, the...
Persistent link: https://www.econbiz.de/10002612392
The coexistence in EMU of one common monetary policy and several domestic fiscal policies raises a number of problems … policy spill-overs are enhanced in the EMU, the need to avoid free riding behaviour on the part of member states and the … economic area, or that do not equally affect all EMU members. Theory suggests that financial markets, when integrated, can …
Persistent link: https://www.econbiz.de/10002612525