Download or read book Real and Monetary Convergence Within the European Union and Between the European Union and Candidate Countries written by Josef C. Brada and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real and Monetary Convergence withing the European Union and Between the European Union and Canditate Countries A Rolling Cointegration Approach written by Josef C. Brada, Ali M. Kutan, and Su Zhou and published by . This book was released on 2002 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Convergence Towards Monetary Union in Europe written by Paul de Grauwe and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Convergence of the EU Accession Countries to the Eurozone written by Lucjan T. Orlowski and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A flexible approach to direct inflation targeting offers the European Union accession countries a viable monetary policy choice that is believed to facilitate both the economic transition and the monetary convergence to the eurozone. Following this assumption, a model investigating the nexus between inflation and selected monetary variables in three EU accession countries: the Czech Republic, Poland and Hungary is advanced. The empirical analysis is aimed at explaining the sensitivity of the CPI-based inflation path in these countries to backward- as well as forward-looking expectations, nominal exchange rate fluctuations, the eurozone inflation impulses, and output changes. The analysis implies that the monetary convergence begins with flexible inflation targeting and concludes with a full-fledged euroization.
Download or read book Real Convergence and the Determinants of Growth in EU Candidate and Potential Candidate Countries written by Magdalena Morgese Borys and published by . This book was released on 2008 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Real and Financial Integration in Europe written by Claudia M. Buch and published by . This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Co Integration Analysis Approach to European Union Integration written by Ceylan Onay and published by . This book was released on 2008 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the long-term financial integration of second-round acceding and candidate countries' with the European Union and the US stock markets during the Accession Process. The lowpair wise correlations between these markets imply portfolio diversification opportunities, yet correlation is a short-term measure. The long-term stock market interdependence is analyzed with Johansen (1991) cointegration approach, which indicates no long-term relationship between the second-round countries and the EU and US stock markets. Yet Engle-Granger (1987) causality test presents evidence of a casual flow from European and US equity markets to Croatian stock market and from Turkish Stock market to Bulgarian stock market suggesting a short-term lead-lag relationship amongst. The results indicate that the completion of accession negotiations with Bulgaria and Romania and ongoing negotiations with Croatia and Turkey have not yet resulted in the complete financial integration of these markets with the European Union. They still offer significant long-term diversification opportunities for the European as well as the US investors.
Download or read book Is There a Stable Money Demand Equation at the Community Level written by Kieran McMorrow and published by . This book was released on 1998 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Rationale for the Modelling Strategy Adopted in the Study - 2. Specification Issues - 3. Establishing the Time Series Properties of the Variables - 4. Cointegration Analysis: The Multivariate Approach - 5. Single equation cointegration analysis: The Engle-Granger Procedure for Estimating the Error Correction Model - 6. Evaluation of the Robustness of the Error Correction Model: Diagnostic and Stability Tests.
Download or read book Building the Financial Foundations of the Euro Experiences and Challenges written by Lars Jonung and published by Taylor & Francis. This book was released on with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the effect of the introduction of the Euro and the establishment of economic and monetary union on the financial landscape of Europe.
Download or read book The Quarterly Review of Economics and Finance written by and published by . This book was released on 2006 with total page 928 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Building the Financial Foundations of the Euro written by Max Watson and published by Routledge. This book was released on 2009-12-16 with total page 807 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2008. With contributions from a range of leading experts in this rapidly changing field, the book will be of particular value to economists, national and international institutes, banks and other financial institutions and the academic world. For ease of reference, the text is supported with charts and table, and there is a complete index.
Download or read book Monetary Convergence of the EU Candidates to the Euro written by Lucjan T. Orlowski and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A flexible approach to direct inflation targeting is a viable monetary policy choice for transition economies that is believed to facilitate both the economic transition and the monetary convergence to the euro. Following this assumption, an analytical model investigating the link between the inflation process and monetary variables in transition economies is advanced in this study. The empirical testing is conducted for Poland, the Czech Republic and Hungary. The analysis recommends that the monetary convergence begins with inflation targeting and concludes with a full-fledged euroization. It further advocates the application of flexible benchmarks of monetary convergence that would accommodate various non-monetary factors affecting inflation in transition economies.
Download or read book Growth and Economic Policy written by István P. Székely and published by . This book was released on 2007 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Equilibrium Real Exchange Rates in Central Europe s Transition Economics Knocking on Heaven s Door written by Balazs Egert and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Proceedings of the 2004 First Annual DG ECFIN Research Conference on Business Cycles and Growth in Europe written by Lars Jonung and published by . This book was released on 2005 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: In October 2004, the Directorate General for Economic and Financial Affairs (ECFIN) held its first annual research conference. Its theme was "Business Cycles and Growth in Europe". The thirteen papers presented are collected here in revised form in two volumes as Economic Paper number 227, 1/2 and 2/2. Some of the contributions are followed by comments made by the discussants.
Download or read book Money Banking and Financial Markets in Central and Eastern Europe written by Roman Matousek and published by Palgrave MacMillan. This book was released on 2010-11-03 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a survey of the economic challenges which transition economies have undergone in the last 20 years. It gives a deep insight into the banking sector and financial markets of Central and Eastern European countries, examining their integration into the European Union and the key obstacles which prevent full integration. The book comments on and evaluates market changes and monetary policy in the region. It applies rigorous and advanced tools to analyse the ongoing development and remaining problems, including the impact and consequences of the current fiancial crisis.
Download or read book Economic Integration and Real Convergence in the European Union written by Jan Eriksen and published by . This book was released on 2009 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
