Comparative Economic Studies articles from March 2004

Comparative Economic Studies archives from March 2004

Introduction to the symposium.
March 1, 2004... The adoption of the euro is likely to be the most important and, probably, the most difficult economic policy decision the new EU member states will have to make this decade. It will be a decision that will have strong implications for economic...

Exchange rate arrangements in the accession to the EMU.
March 1, 2004... INTRODUCTION In this paper, we investigate the dynamics of real exchange rates in candidate countries and the implications for inflation dynamics. We argue that the observed real appreciation of the last few years can be partially ascribed...

Exchange rate management strategies in the accession countries: the case of Hungary.
March 1, 2004... INTRODUCTION Hungary is the lead candidate to join the European Monetary Union (EMU) in the near future. EMU candidate countries must adhere to the new exchange mechanism, ERM II, and maintain parity between their currency and the euro...

The euro goes east: implications of the 2000-2002 economic slowdown for synchronisation of business cycles between the euro area and CEECs.
March 1, 2004... INTRODUCTION Soon after they accede to the European Union (EU) in 2004, the new member states will have to consider their timetables for joining Economic and Monetary Union (EMU). Adoption of the euro, in turn, will promote the integration...

The Balassa-Samuelson effect in central Europe: a disaggregated analysis (1).
March 1, 2004... INTRODUCTION This paper provides estimates of the Balassa-Samuelson effect--the extent to which differences in productivity growth between tradable and non-tradable industries explain the observed differences in inflation between central...

Adopting the euro: an introduction to four country studies.
March 1, 2004... INTRODUCTION Country by country; issue by issue... The four studies that follow--in which authors from Croatia, Estonia, Hungary and Poland discuss the adoption of the euro in their economies--could carry this common caption. The question...

Convergence expectations and convergence strategies. Lessons from the Hungarian experiences in the pre-EU period (1).
March 1, 2004... Hungary is set to join the European Union in May 2004. The new wave of accession countries has no right to opt out of monetary union. Therefore, Hungary has already undertaken the commitment to conduct an economic policy aimed at fulfilling the...

Costs and benefits of Poland's EMU accession: a tentative assessment.(Economic and Monetary Union)
March 1, 2004... INTRODUCTION Following its accession to the European Union, Poland will be expected to meet the Maastricht convergence criteria and eventually join the euro area. (2) It seems evident that an irrevocable decision to abandon autonomous...

EMU accession issues in Estonia.(Economic and Monetary Union )
March 1, 2004... INTRODUCTION The first wave of European enlargement will take place in 2004. After joining the European Union (EU), the accession countries are expected to join the Euro Area. Although there is no concrete deadline, all accession countries...

Euro adoption: views from the third row.
March 1, 2004... INTRODUCTION Croatia has made an application and aims to join the EU in the second wave of enlargement in 2007. Therefore, Croatia is in the third row as far as euro adoption is concerned, after the eurozone countries and three...

From transition to monetary integration: Central and Eastern Europe on its way to the euro comments on the country papers (1).
March 1, 2004... INTRODUCTION Monetary policy and monetary integration issues are currently debated intensely in most current and prospective EU accession countries. The four papers included in this section provide a very good picture of this discussion....