Advanced Search
MyIDEAS: Login to save this paper or follow this series

Exchange Rate Strategies towards EMU for Accession Countries with Currency Boards

Contents:

Author Info

  • Margarita Katsimi

Abstract

This paper investigates the transition of the EU candidate countries with a currency board arrangement (CBA) to the euro-zone. The arguments for and against retaining a CBA while participating in the Exchange Rate Mechanism of the EU (ERMII) are discussed. Then, we show in the framework of a signalling model that abandoning a CBA and allowing the exchange rate to fluctuate within the bands of ERMII can signal to markets the sustainability of nominal convergence and, hence, diminish uncertainty in the pre-accession period and increase the probability of being accepted into the eurozone.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.eui.eu/ERPA/RSCAS/../../RSCAS/WP-Texts/04_18.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.eui.eu/ERPA/RSCAS/../../RSCAS/WP-Texts/04_18.pdf [301 Moved Permanently]--> http://apps.eui.eu/RSCAS/WP-Texts/04_18.pdf). If this is indeed the case, please notify (Valerio PAPPALARDO)
File Function: Full text
Download Restriction: no

File URL: http://www.eui.eu/ERPA/RSCAS/../../RSCAS/WP-Texts/04_18.pdf
Our checks indicate that this address may not be valid because: 404 Not Found (http://www.eui.eu/ERPA/RSCAS/../../RSCAS/WP-Texts/04_18.pdf [301 Moved Permanently]--> http://apps.eui.eu/RSCAS/WP-Texts/04_18.pdf). If this is indeed the case, please notify (Valerio PAPPALARDO)
File Function: Full text
Download Restriction: no

Bibliographic Info

Paper provided by European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) in its series EUI-RSCAS Working Papers with number 18.

as in new window
Length:
Date of creation: 15 Oct 2004
Date of revision:
Handle: RePEc:erp:euirsc:p0135

Contact details of provider:
Postal: Via dei Roccettini, 9 - I-50016 San Domenico di Fiesole
Web page: http://www.eui.eu/RSCAS/
More information through EDIRC

Related research

Keywords: international trade; EMU; enlargement;

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Novak Kondić & Borivoje D. Krušković, 2013. "Unemployment Gap in the Currency Board Regime," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 2(3), pages 71-84.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:erp:euirsc:p0135. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valerio PAPPALARDO).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.