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Direct Inflation Targeting and Nominal Convergence: The Czech Case
Open Economies Review, 2003zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Matoušek, Roman, Taci, Anita
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Exchange Rate Regimes and Nominal Convergence in the CEECs [PDF]
SSRN Electronic Journal, 2003 This paper examines, in the context of future EMU membership of the Central and Eastern European countries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL).
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Lessons from Nominal Convergence in Slovenia
Post-Communist Economies, 2007Two years after joining the ERM2 mechanism Slovenia had fulfilled the legal requirements for joining EMU as well as the Maastricht criteria. This article analyses how the path to EMU affected Slovenian nominal convergence, more specifically yield spread movements for standardised maturities.
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The Mirages of Nominal Illusion: Variations on Convergence
2005The euro, the European single currency, was launched in Europe on 1 January 1999, and the subsequent Economic and Monetary Union (EMU) now comprises virtually all European Union (EU) members, namely twelve countries out of fifteen; the United Kingdom, Denmark and Sweden chose to opt out. However successful, economic policy management has never produced
Jean-Paul Fitoussi +1 more
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2000
To round off the comparative study of Spain’s main economic variables vis-a-vis those of the other EU countries, in this final chapter of Part I we shall examine whether economic convergence in the European Union has actually advanced since Spain joined the Community. Specifically, Section 7.2 discusses the meaning of the concept ‘economic convergence’
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To round off the comparative study of Spain’s main economic variables vis-a-vis those of the other EU countries, in this final chapter of Part I we shall examine whether economic convergence in the European Union has actually advanced since Spain joined the Community. Specifically, Section 7.2 discusses the meaning of the concept ‘economic convergence’
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The Eurozone’s Future: Nominal, Real and Structural Convergence
Archives of Business Research, 2016The future of the Eurozone will be determined by the convergence processes. The recent policy steps restored the nominal convergence as the sine qua non of the effectiveness of the common currency monetary policy. The same steps, however, deepened the real divergence. Structural convergence is then proposed as the answer to this conundrum.
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Can We Have Both? - Real and Nominal Convergence [PDF]
Finance a uver - Czech Journal of Economics and Finance, 2001 Candidate countries for accession to the EU often view EU convergence criteria as difficult given that the period of faster growth that real convergence necessitates is usually associated with higher inflation. This paper argues that it is important to focus on the mechanism of real convergence in this regard.
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Romania and the Euro’s Adoption. Between Real and Nominal Convergence [PDF]
Romanian Economic Journal, 2008 Romania is one of the least developed countries of the EU, with a level of GDP/capita three times lower than the EU average (1:2,9 GDP/head and 1:6,8 GDP/person employed), with a relatively low contribution of services to the PIB achievement, having an excessive labor force in agriculture, a reduced potential of the educational and research ...
Gabriela Dragan, Gabriela Pascariu
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Economic Integration in WAEMU: Nominal Convergence and Growth Dynamics
2015Economic globalization and the emergence of major regional economic blocs place Africa in a challenging situation. As the physical borders of nation states become less relevant, the formation of regional entities is an essential way to respond to the legitimate aspirations of people.
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European Nominal and Real Convergence: Joint Process or Rival Dynamics?
Review of International Economics, 1997Recent empirical studies have revealed that the convergence speeds of nominal and real variables are fairly different. This paper studies the temporal evolution of the mutual influence between the convergences of a nominal and of a real variable. It refers first to σ‐convergence analysis.
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