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Challenges for the new EU member states on the road to the Eurozone

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  • Václav Žďárek
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  • Václav Žďárek, 2009. "Challenges for the new EU member states on the road to the Eurozone," International Economics and Economic Policy, Springer, vol. 6(2), pages 157-177, July.
    • Handle: RePEc:kap:iecepo:v:6:y:2009:i:2:p:157-177
    DOI: 10.1007/s10368-009-0137-0
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    References listed on IDEAS

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    1. Patrick Honohan & Philip R. Lane, 2003. "Divergent inflation rates in EMU [‘European financial integration and equity returns: a theory-based assessment’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(37), pages 357-394.
    2. Kenneth Rogoff, 1996. "The Purchasing Power Parity Puzzle," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 647-668, June.
    3. Honohan, Patrick & Lane, Philip, 2004. "Exchange Rates and Inflation Under EMU: An Update," CEPR Discussion Papers 4583, C.E.P.R. Discussion Papers.
    4. Lewis, John, 2009. "Hitting and hoping?: Meeting the exchange rate and inflation criteria during a period of nominal convergence," European Journal of Political Economy, Elsevier, vol. 25(4), pages 508-524, December.
    5. Ms. Piritta Sorsa, 2006. "Macroeconomic Challenges with EU Accession in Southeastern Europe: An Overview," IMF Working Papers 2006/040, International Monetary Fund.
    6. Matthew B. Canzoneri & Behzad Diba & Gwen Eudey, 1996. "Trends in European Productivity and Real Exchange Rates," Working Papers 9610, Banco de España.
    7. Philipp Rother & Ralph Süppel, 2003. "East Germany, Central Europe, and the Risk of Real Convergence Overshooting," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 53(9-10), pages 374-393, September.
    8. Anne-Marie Brook, 2005. "The Challenges of EMU Accession Faced by Catching-up Countries: A Slovak Republic Case Study," OECD Economics Department Working Papers 444, OECD Publishing.
    9. Tomas Holub & Martin Cihak, 2003. "Price Convergence: What Can the Balassa-Samuelson Model Tell Us?," Working Papers 2003/08, Czech National Bank.
    10. Canzoneri, Matthew B & Diba, Behzad & Fudey, Gwen, 1996. "Trends in European Productivity and Real Exchange Rates: Implications for the Maastricht Convergence Criteria and for Inflation Targets after EMU," CEPR Discussion Papers 1417, C.E.P.R. Discussion Papers.
    11. György Szapáry, 2000. "Maastricht and the Choice of Exchange Rate Regime in Transition Countries During The Run-Up to EMU," MNB Working Papers 2000/7, Magyar Nemzeti Bank (Central Bank of Hungary).
    12. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72(6), pages 584-584.
    13. Ctirad Slavík, 2007. "Reálná konvergence České republiky k Evropské unii v porovnání s ostatními novými členskými zeměmi [Real convergence of the Czech republic to the EU in comparison with the other new member countrie," Politická ekonomie, Prague University of Economics and Business, vol. 2007(1), pages 23-40.
    14. Lewis, John, 2009. "Hitting and hoping?: Meeting the exchange rate and inflation criteria during a period of nominal convergence," European Journal of Political Economy, Elsevier, vol. 25(4), pages 508-524, December.
    15. Roman Horváth & Kamila Koprnická, 2008. "Inflation Differentials in New EU Member States: Empirical Evidence," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 58(07-08), pages 318-328, Oktober.
    16. Bergstrand, Jeffrey H, 1991. "Structural Determinants of Real Exchange Rates and National Price Levels: Some Empirical Evidence," American Economic Review, American Economic Association, vol. 81(1), pages 325-334, March.
    17. Daniel Daianu & Laurian Lungu, 2009. "The Monetary Union: The Decade Ahead. The Case of Non-Member States," William Davidson Institute Working Papers Series wp947, William Davidson Institute at the University of Michigan.
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    Cited by:

    1. Mihai Rebiga, 2010. "Is Romania Ready for Adopting Euro?," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.

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    More about this item

    Keywords

    Nominal and real convergence; Relative price level; New member states; Euro adoption; O11; E31; E52; F15;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F15 - International Economics - - Trade - - - Economic Integration

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