Data/hora: 13/06/2024 03:48:50

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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