Monetary Integration of the New EU Member States
What Sets the Pace of Euro Adoption
Bibliographic Data
| ID | 7875892 |
|---|---|
| Authors | Ignazio Angeloni (0000-0001-6824-7841, Ministry of Economy and Finance), Michael Flad (0000-0003-3252-6632, Goethe University Frankfurt), Francesco Paolo Mongelli (0000-0002-9543-2855, European Central Bank) |
| Year | 2007 |
| Volume | 45 |
| Issue | 2 |
| Pages | 367-409 |
| Publication date | 2007-06-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-5965.2007.00715.x |
| OpenAlex | W2002557912 |
| Language | EN |
| Citations received | 3 |
| References cited | 13 |
How fast should the new Member States of the European Union (NMS) relinquish their domestic monetary and exchange rate autonomy? While the Maastricht convergence criteria are attracting significant attention (particularly the inflation and deficit criteria), we think the debate should also examine the status of their economic structures and the progress of integration within the EU. Diverse aspects of the monetary integration of the NMS into the euro area are examined. We find less structural convergence is associated with less income convergence. The exchange rate regimes have a bearing on the speed of real convergence: for some NMS, and for some more time, exchange rate flexibility may still serve as a useful shock absorber
Constraint (computer-aided design · Convergence (economics · Economics · European integration · European monetary union · European union · Exchange rate · Exchange-rate flexibility · Exchange-rate regime · Flexibility (engineering · Geography · Inflation (cosmology · International economics · Macroeconomics · Member states · Monetary economics · Monetary policy · Pace · Shock (circulatory · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Citations per year | 0.43 |
|---|---|
| Citation span | 2019 - 2021 (3) |
| Highly cited | No |