Bücher online kaufen
New Political Economy of Exchange Rate Policies and the Enlargement of the Eurozone
-0 %
 |
| Der Artikel wird am Ende des Bestellprozesses zum Download zur Verfügung gestellt. |
Artikel-Nr:
9783790817621
Veröffentl:
2006
Einband:
eBook
Seiten:
155
Autor:
Christian H. Fahrholz
Serie:
Contributions to Economics
eBook Typ:
PDF
eBook Format:
Reflowable eBook
Kopierschutz:
Digital Watermark [Social-DRM]
Sprache:
Englisch
Beschreibung:
This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered exchange-rate policy that utilizes a "e;threaten-thy-neighbour"e; strategy. This could ensure a stabilization of the CEECs' convergence toward the EMU, and a successful eastward enlargement of the eurozone.
This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered exchange-rate policy that utilizes a "threaten-thy-neighbour" strategy. This could ensure a stabilization of the CEECs' convergence toward the EMU, and a successful eastward enlargement of the eurozone.
Setting the Stage.- The Core, the Crux, and the Costs Involved.- Exchange-Rate Policies in CEECs.- Game-Theoretic Analysis.- Empirical Analysis.- Conclusions.