IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Current-Account Matters on the Way to EMU: The Transfer Problem Re-revisited

Listed author(s):
  • Jan-Alexander Bethge

    (Universität Göttingen, Volkswirtschaftliches Seminar, Platz der Göttinger Sieben 3, D-37073 Göttingen)

  • Renate Ohr

    (Universität Göttingen, Volkswirtschaftliches Seminar, Platz der Göttinger Sieben 3, D-37073 Göttingen)

Concerning recommendations for early Euro adoption in EU accession countries from Central and Eastern Europe we address potential trade-offs between real and nominal convergence from a novel perspective. Specifically, we discuss the modern transfer problem as a trigger of sudden stops and bring up the concept of current-account sustainability as an approach complementary to the appraisement of stabilizing central parities and conversion rates. From a policy perspective a non-structural case-study approach seems preferable including (1) an assessment of numerical sustainability benchmarks and (2) an analysis of the sources and ef¬fects of actual current-account deficits. Clearly, this amends OCA criteria with intertemporal cost-benefit considerations.

To 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.

Article provided by Credit and Capital Markets in its journal Kredit und Kapital.

Volume (Year): 40 (2007)
Issue (Month): 4 ()
Pages: 495-525

in new window

Handle: RePEc:kuk:journl:v:40:y:2007:i:4:p:495-525
Contact details of provider: Web page:

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

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

When requesting a correction, please mention this item's handle: RePEc:kuk:journl:v:40:y:2007:i:4:p:495-525. 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: (Credit and Capital Markets)

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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.