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European union: stability or instability for small periphery economies

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  • Serhan Çiftçioglu

Abstract

The main focus of this paper is to analyze the likely consequences of the possible increase in the monetary instability and decrease in the rate of wage indexation in the EU (that can result from the completion of economic and monetary union) on the macroeconomic stability of small, open economies which are in the process of integration with the EU. Such periphery countries include countries as Poland, the Czech Republic, Hungary, Slovakia, Turkey and others.

Suggested Citation

  • Serhan Çiftçioglu, 2001. "European union: stability or instability for small periphery economies," Prague Economic Papers, University of Economics, Prague, vol. 2001(4).
  • Handle: RePEc:prg:jnlpep:v:2001:y:2001:i:4:id:181
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