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The Effects of EMU on the Finnish Economy - Some Early Conjectures


  • Juha Tarkka

    (Bank of Finland)


This paper analyses the convergence of the Finnish economy to the monetary policy regime of the EMU. We review the expectations on the effects of EMU membership which prevailed before the union was established, and compare those with actual outcomes for Finland in the first years of the EMU. It seems that the de facto membership in the new policy regime, began approximately at the beginning of 1997. The significant improvement of some traditional structural imbalances of the Finnish economy is reported. It is argued that the improvement of monetary policy credibility can explain much of the improved performance of the economy.

Suggested Citation

  • Juha Tarkka, 2002. "The Effects of EMU on the Finnish Economy - Some Early Conjectures," The Economic and Social Review, Economic and Social Studies, vol. 33(2), pages 161-177.
  • Handle: RePEc:eso:journl:v:33:y:2002:i:2:p:161-177

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    References listed on IDEAS

    1. Laurian Unnevehr & James Eales & Helen Jensen & Jayson Lusk & Jill McCluskey & Jean Kinsey, 2010. "Food and Consumer Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(2), pages 506-521.
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    7. Alan Matthews & Keith Walsh, 2006. "The Economic Consequences of the Doha Round for Ireland," The Economic and Social Review, Economic and Social Studies, vol. 37(1), pages 47-69.
    8. Joseph Francois & Hans Van Meijl & Frank Van Tongeren, 2005. "Trade liberalization in the Doha Development Round," Economic Policy, CEPR;CES;MSH, vol. 20(42), pages 349-391, April.
    9. Peter Walkenhorst & Tadashi Yasui, 2004. "Quantitative Assessment of the Benefits of Trade Facilitation," International Trade 0401008, EconWPA.
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