Währungspolitische Integration und die reale Aufwertung in den MOEL
In: List Forum Band 30
AbstractThe economies of the Central and Eastern European countries (CEEC) have been subject to significant real appreciation in recent years. There were not just temporary factors behind this development, but also long-term economic phenomena ('Balassa-Samuelson-effect', capital inflows, etc.), which will also be relevant in the future. Therefore the CEEC, which want to join the European economic and monetary union (EMU), have to accept nominal appreciation or higher inflation. The Maastricht criteria favour the strategy of low inflation and nominal appreciation. This strategy may cause temporary output-losses and its application cannot continue after the entry to the EMU. There is a risk of 'stop and go policy' in the CEEC (restriction before entering the EMU and expansion afterwards). Therefore a modification of the Maastricht criteria would be preferable. (Original text only available in german language)
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
This chapter was published in:
This item is provided by List Gesellschaft e.V. in its series List Forum Chapter with number 30-20.
Contact details of provider:
Postal: Westfälische Wilhelms-Universität, Am Stadtgraben 9, D - 48143 Münster
Phone: + 49 (0) 2 51 - 83 2 29 04
Fax: + 49 (0) 2 51 - 83 2 83 95
Web page: http://www.list-gesellschaft.de
More information through EDIRC
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lukas Wnuk Lipinski) The email address of this maintainer does not seem to be valid anymore. Please ask Lukas Wnuk Lipinski to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.