EU enlargement and monetary regimes from the insurance model perspective
AbstractIt is widely observed and recognised that economic behaviour in the post-communist countries changed after these countries joined the European Union. The insurance model of currency crises proposed by Dooley, after being modified and interpreted within a broader conceptual meaning, provides good possibilities for analysing the whole process of post-communist transformation and EU accession. This article offers an empirical illustration of the theoretical model using the examples of Bulgaria and Romania. These two Balkan countries, the latest members of the EU (since 2007), have radically different monetary regimes -- respectively a currency board and inflation targeting.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Post-Communist Economies.
Volume (Year): 23 (2011)
Issue (Month): 4 (May)
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Web page: http://www.tandfonline.com/CPCE20
Other versions of this item:
- Nikolay Nenovsky, 2010. "EU Enlargement and Monetary Regimes from the Insurance Model Perspectives," William Davidson Institute Working Papers Series wp997, William Davidson Institute at the University of Michigan.
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General
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- Aslund,Anders, 2002.
Cambridge University Press, number 9780521801393.
- Tiwari, Aviral Kumar & Mutascu, Mihai & Andries, Alin Marius, 2013. "Decomposing time-frequency relationship between producer price and consumer price indices in Romania through wavelet analysis," Economic Modelling, Elsevier, vol. 31(C), pages 151-159.
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