Impact Of Emu On Selected Non European Union Countries

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Impact Of Emu On Selected Non European Union Countries

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Author : Mr.Peter Allum
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 1999-02-11

Impact Of Emu On Selected Non European Union Countries written by Mr.Peter Allum and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-02-11 with Business & Economics categories.

In the Summer of 1998, the Executive Board discussed a set of three papers prepared by the staff that focused on the likey impact of EMU on selected non-EU countries. In recognition of the contribution these papers could make to the literature and discussion of EMU, the Board requested that this collection of papers be published. This Occasional Paper presents the three papers in one volume Chapter 1 provides an analysis of the likely impact of EMU on three regions: Central and Eastern Europe, the Mediterranean Basin, and the African CFA zone. Chapter 2 focuses on the trade and financial effects of EMU on selected transition and Mediterranean countries. And Chapter 3 considers the possible implications of EMU for the Middle East and North Africa region.

Selected Transition And Mediterranean Countries

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Author : Mr.Robert Alan Feldman
language : en
Publisher: International Monetary Fund
Release Date : 1998-06-01

Selected Transition And Mediterranean Countries written by Mr.Robert Alan Feldman and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-01 with Business & Economics categories.

Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the current institutional framework for their relations with the EU, the paper examines two basic categories of institutional effects: those stemming from the need to satisfy the Maastricht convergence criteria before joining the euro area, and those stemming from the need to adopt the EU’s institutional and legal provisions in the area of EMU.

The Impact Of Euro On Emu Trade

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Author : Claudio Vicarelli
language : en
Publisher:
Release Date : 2003

The Impact Of Euro On Emu Trade written by Claudio Vicarelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.

We investigate the impact of the euro adoption on commercial transactions of EMU countries. We refer to the abundant gravity-model literature about the effect of Currency Unions on trade originated by Rose (2000). We adapt this kind of modelling to the specific case of the European Monetary Union drawing from former literature some guidelines summed up as follows: distinction of "pure" common currency from exchange rate volatility effect; selection of sample countries strictly focused on EMU economies; consideration of time as well as space dimension; inclusion of other political factors promoting integration. We add to these provisions the observation that the panel estimation of the gravity equation must be dynamic, because EMU is a young phenomenon; short run effects, like trade persistence, can hence play a crucial role. Our main finding is that the euro adoption has had a positive but not exorbitant impact on bilateral trade of European countries (the estimated percentage increase ranges between 2.6 and 6.3%), much lower than that derivable from Rose's estimates referred to a larger and heterogeneous set of countries (providing a trade increase following the adoption of a common currency by as much as 200%). Our results refer to short-run impacts; long-run effects could be stronger (but, in our opinion, not by the order of a double or a trebling effect indicated in the existing literature on currency unions), particularly if the structural change implied by the new currency regime (a fraction of foreign trade is potentially equivalent to domestic trade) becomes completely interiorised in the perception and the behaviour of Euroland citizens.

Economic Convergence In The Euro Area Coming Together Or Drifting Apart

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Author : Mr.Jeffrey R. Franks
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-23

Economic Convergence In The Euro Area Coming Together Or Drifting Apart written by Mr.Jeffrey R. Franks and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-23 with Business & Economics categories.

We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income convergence. Business cycles became more synchronized, but the amplitude of those cycles diverged. Financial cycles showed a similar pattern: sychronizing more over time, but with divergent amplitudes. Income convergence requires reforms boosting productivity growth in lagging countries, while cyclical and financial convergence can be enhanced by measures to improve national and euro area fiscal policies, together with steps to deepen the single market.

Arab Development Challenges Of The New Millennium

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Author : Belkacem Laabas
language : en
Publisher: Routledge
Release Date : 2017-11-22

Arab Development Challenges Of The New Millennium written by Belkacem Laabas and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-22 with Political Science categories.

This title was first published in 2002. In 2000, a major international conference was organized by the Arab Planning Institute to identify, analyze and compare development challenges facing Arab countries at the dawn of the new millennium. An interdisciplinary team of scholars were brought together from the fields of regional science, development studies, economics, business and government policy and together they addressed global, regional and domestic challenges and their impact on the Arab region. This volume brings together the best papers presented at this conference. In doing so, it offers up-to-date insights into, and a clearer understanding of this region. It highlights issues including: economic and social implications of globalization; strategic alliances; the implications for Arab countries of emerging technological patterns; the impact of the European Monetary Union and the euro; Arab regional integration; education; and the development of individual Arab country's economies.

Emu One Year On

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2000-03-29

Emu One Year On written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-03-29 with categories.

This study assesses economic developments and policies during the inaugural year of Europe's single currency regime. It analyses the economic performance and prospects of the euro area as a whole, and highlights to what extent aggregate trends are shaped by convergence or divergence.

The European Union And The Developing Countries

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Author : Olufemi Babarinde
language : en
Publisher: BRILL
Release Date : 2005-02-01

The European Union And The Developing Countries written by Olufemi Babarinde and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-02-01 with Law categories.

Authors from different backgrounds (including law, political science and economics) analyze the forces that gave rise to the new agreement as well as the negotiating process of the new agreement, and the negotiations that are taking place to produce the planned Economic Partnership Agreements (EPA) that are to replace the existing non-reciprocal trade preferences that are incompatible with WTO law.

Ukraine On The Road To Europe

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Author : Lutz Hoffmann
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Ukraine On The Road To Europe written by Lutz Hoffmann and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.

by Viktor A. Yushchenko, Prime Minister of Ukraine The intensification of the integration processes on our continent entirely coincides with the national interests of Ukraine, a country which is undoubtedly European both geographically and politically. What kind of Europe do we now have, and what should it be in the future? What should the role of Ukrainian society be in the economic, social, and cultural integration of the countries on the European continent? These questions are the subject of research and scientific analysis by the well-known economists whose work is contained in this book. Let there be no doubt, the strategic goal of Ukraine's foreign policy is the active participation of our country in the European integration process. Thus, the move toward co-operation and gradual integration with the European Union was defined as one of the main priorities of the Ukrainian Government's programme "Reforms for Well-being", which is based on President Leonid Kuchma's speech "Ukraine: Steps into XXI century" and was approved by the Ukrainian Parliament. This move is not a hasty response to a new trend, but rather a pragmatic decision since the EU will define the face of Europe for the next century.

Capital Liberalization In Transition Countries

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Author : Age Bakker
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003-01-01

Capital Liberalization In Transition Countries written by Age Bakker and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Business & Economics categories.

'This collection provides an excellent account of the diverging ways countries in varying parts of the world went about liberalizing capital flows. Case studies of transition countries are set against the background of more general studies analysing the Asian and Latin American experience, as well as the earlier liberalization processes in economically advanced countries. The reader gets a lively picture of the many pitfalls that beset the road to full capital liberalization and will realise that there is no single best way to liberalize. The authors strike one as unprejudiced and far from dogmatic, out to learn from experience rather than trying to impose some particular point of view.' - Hans Visser, Vrije Universiteit, Amsterdam, The Netherlands This significant new book provides a succinct overview of the essential policy issues surrounding capital liberalization. The book compares the experiences of transition economies in Europe with those of advanced nations, allowing the reader to examine the changing international economic and financial environment within which transition countries have to liberalize.

Perspectives On Regional Unemployment In Europe

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Author : Mr.Paolo Mauro
language : en
Publisher: International Monetary Fund
Release Date : 1999-05-17

Perspectives On Regional Unemployment In Europe written by Mr.Paolo Mauro and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-05-17 with Business & Economics categories.

The third stage of European Economic and Monetary Union (EMU) was implemented in January 1999 against the specter of persistently high unemployment in many of the participating countries. While the high European unemployment has received considerable attention, this new IMF staff study analyzes an equally important issue: the extent of regional unemployment disparities in certain countries. The paper focuses on large and persistent differences in regional unemployment rates within several European countries. The paper includes detailed case studies of two euro area countries where regional disparities in unemployment are striking- Italy and Spain. The studies emphasize that wages are unresponsive to local labor market conditions.