Results 211 to 220 of about 5,157 (256)
Risk sharing and the adoption of the Euro
Journal of International Economics, 2023 This paper empirically evaluates whether adopting a common currency has changed the level of consumption smoothing of euro area member states. We construct a counterfactual dataset of macroeconomic variables through the synthetic control method. We then use the output variance decomposition of Asdrubali et al.
Ferrari, Alessandro +1 more
exaly +3 more sources
The speed of euro adoption [PDF]
Journal of International Money and Finance, 2008 This paper estimates the speed and determinants of euro adoption across Italian provinces by exploiting the natural experiment in early 2002 when euro and lira dually circulated as legal tender. A unique data set with daily observations on the net flows of euro banknotes from the branches of the Bank of Italy, province by province, is used.
exaly +2 more sources
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Poland’s Euro Adoption Perspectives
Economists' Voice, 2018Abstract In this note we argue that despite the progress achieved, as measured by income convergence and compliance with the official (Maastricht Treaty) requirements, implementing the ECB interest rates would most probably destabilize the Polish economy leading to a loss of potential gains from adopting the common currency.
Zbigniew Polanski
exaly +2 more sources
The new EU countries and euro adoption [PDF]
Intereconomics, 2013 In the new member states of the EU which have not yet adopted the euro, previous adoption strategies have come under scrutiny. The spillovers and contagion from the global financial crisis revealed a new threat to the countries’ real convergence goal, namely considerable vulnerability to the transmission of financial instability to the real economy ...
Hubert Gabrisch
exaly +3 more sources
ADOPTING THE EURO CURRENCY [PDF]
Annals of Spiru Haret University, Economic Series, 2011 This paper addresses the adoption of the Euro currency in 2014, as estimated in the National Programme. Based on the convergence criteria analysis on the current national background, we can foresee an earlier monetary integration.
openaire
2010
The Euro and Economic Stability assesses the euro area’s merits as a shelter and the merits of euro assets as a safe haven and reviews the case for rapid euro adoption from a post-crisis view. Policymakers and economists provide relevant lessons from euro area divergences for future euro area members and, more generally, from the financial crisis ...
openaire +1 more source
The Euro and Economic Stability assesses the euro area’s merits as a shelter and the merits of euro assets as a safe haven and reviews the case for rapid euro adoption from a post-crisis view. Policymakers and economists provide relevant lessons from euro area divergences for future euro area members and, more generally, from the financial crisis ...
openaire +1 more source
2013
This chapter assesses the degree of readiness of Romania to adopt euro mainly based on the optimal currency area (OCA) criteria. Our findings suggest that the correlation of the business cycle in the case of Romania is one of the lowest among the new member states (NMS), although it has increased in the last few years.
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This chapter assesses the degree of readiness of Romania to adopt euro mainly based on the optimal currency area (OCA) criteria. Our findings suggest that the correlation of the business cycle in the case of Romania is one of the lowest among the new member states (NMS), although it has increased in the last few years.
openaire +1 more source
Euro Area Enlargement and Euro Adoption Strategies [PDF]
, 2008 The paper discusses the risks and challenges faced by the new members on the road to the euro and the strategies for and timing of euro adoption. We investigate the real-nominal convergence nexus from the perspective of euro area entry. We argue that the initial level of economic development as measured by per capita income and the speed of real ...
Zsolt Darvas, György Szapáry
openaire +3 more sources