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Economics

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Supply and demand shocks in accession countries to the Economic and Monetary Union

Article Abstract:

The relative incidence of demand and supply shocks in the incumbent and the accession countries, on which the success of enlargement in Economic and Monetary Union (EMU) depends, is studied using a bivariate vector autoregression model. Even though the degree of synchronization in business cycle shocks among EMU accession countries is significant, still the country-specific shocks between current and would-be members of EMU dominate.

Management dynamics, Management, Company business management

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Exchange rate regimes and shocks asymmetry: the case of the accession countries

Article Abstract:

The performance of Central and Eastern European countries (CEECs) with respect to the traditional Maastricht criteria and the pros and cons of CEECs joining Economic and Monetary Union (EMU), are discussed. Transition countries having a stable and restoring economic growth can be distinguished from those experiencing nominal exchange rate and hyperinflation by analyzing the Maastricht criteria and real convergence.

Forecasts, trends, outlooks, Forecasts and trends, Foreign exchange, Foreign exchange rates, Market trend/market analysis

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EU enlargement and the internal geography of countries

Article Abstract:

The impact of trade liberalization on the internal geography of a domestic country is analyzed in a model where both the dispersion and agglomeration of economic activity are driven by endogenous elements. The economic integration was found to foster the location of economic activity in regions having pronounced advantage in terms of access to international markets impact.

Government expenditures, International economic relations, Eastern Europe, Economic policy, European Union

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