کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9553940 | 1375688 | 2005 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Real and monetary convergence between the European Union's core and recent member countries: A rolling cointegration approach
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We use rolling cointegration to measure the convergence of base money, M2, the CPI and industrial output between Germany and France and recent EU members and some transition countries that are now joining the EU. Countries that joined the EU previously exhibit time-varying cointegration with the core countries over the 1980-2000 sample period. Cointegration for the transition economies was comparable for M2 and prices, but not for monetary policy and industrial output. Thus a peg to the Euro soon after accession is feasible for the East European countries, but the benefits of joining the Euro zone are as yet limited.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 29, Issue 1, January 2005, Pages 249-270
Journal: Journal of Banking & Finance - Volume 29, Issue 1, January 2005, Pages 249-270
نویسندگان
Josef C. Brada, Ali M. Kutan, Su Zhou,