Data/hora: 13/06/2024 02:27:20

Provedor de dados: | 31
País: | United States
Título: | A Currency Crisis in Europe? - The Europe's Common Currency and the New Accession Countries -
Autores: | Krawczyk,   Mariusz K.
Data: | 2006-03-15
Ano: | 2004
Palavras-chave: | EU enlargement; Monetary integration; Currency crisis; Asset substitution; Financial Economics; F32; F33; F36.
Resumo: | The politically and legally complicated character of the EU Eastern Enlargement heavily influenced the conflict between the legal and economic rationality underlying the construction of the EMR-II. This makes the ERM-II vulnerable to currency crises and creates conditions for a widespread currency and asset substitution in the accession countries. As a result, the required participation of all accession countries in the ERM-II imposes unnecessary costs on the whole enlargement process. The costs could be avoided if the EU adopted a more flexible approach to the enlargement of its monetary union, allowing for an individual path of adopting the euro in each accession country depending on the country's economic conditions.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

20261

http://purl.umn.edu/26309

Editor: | AgEcon Search

Relação:

Hamburg Institute of International Economics&gt;Discussion Paper Series

HWWA Discussion Paper 278

Formato:

24

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