All of the new EU member states (NMSs) have made a commitment to adopt the Euro. This essay considers the countries' economic readiness to adopt the Euro as well as the economic benefits and costs of adoption. Paper applies a method suggested by Bayoumi and Eichengreen ( 1997 ) and finds...
The New European Member States (NMS) are expected to adopt the euro as soon as they fulfil the Maastricht criteria, which means that their nominal convergence has been achieved; but the question is: should those new European members adopt the euro as soon as possible or should they join the...
This article estimates optimum currency area (OCA) index for the EU New Member States (NMSs). We find that, as compared to the current Euro area countries, the NMSs meet OCA conditions largely and in this respect, are likely good candidates for Euro adoption....
The paper considers the empirical dimension of financial integration among stock markets in four new European Union member states (the Czech Republic, Hungary, Poland and Slovakia) in comparison with the euro area. The main objective is to test for the existence and determine the degree of the ...
Is inflation persistence in the new EU Member States (NMS) comparable to that in the euro area countries? We argue that persistence may not be as different between the two country groups as one might expect. We confirm that one should work carefully with the usual estimation methods when anal...
In 2022, Euro NCAP is delighted to officially welcome the Norwegian Public Roads Administration (NPRA) as a member, further widening the network of European member states, regions, mobility clubs, consumer organizations and auto insurers that work together to advance ro...
The 10 new member states are now facing the challenge of framing and implementing policies for adopting the euro. They are all bound by the EU Treaty to replace their national currencies with the euro at some future time as they were admitted to the Union with a derogation to this effect....
This paper describes and analyses the two transmission channels, foreign trade and capital inflows, by which the global crisis influenced the internal balance of the new member states of the European Union, taking into account the specif... I Bolotov 被引量: 0发表: 2013年 Central Bank workshop...
As paradoxical as it might seem, the countries aspiring to join the euro club less than three years after their entry into the EU are precisely the poorest of the ten new member states (Estonia, Lithuania and Slovenia have been participating in the new exchange rate mechanism since June 28,...
1 On January 1,2002, the Euro (欧元)became the single currency of 12 member states of the European Union. This will make it the second largest currency in the world (the U. S. dollar being the largest). It will also be the largest currency event in the history of the world. Twelve...