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Accession to the European Union: Real Exchange Rate Dynamics for Candidate Countries

Author

Listed:
  • Fabrizio Coricelli

    (Università di Siena)

  • Bostjan Jazbec

    (University of Ljubljana (Slovenia))

Abstract

Several observers have raised the issue of whether the process of real convergence of candidate countries to income levels of EU members is compatible with the adoption of the Euro, as Maastricht criteria impose strict constraints on nominal variables. In particular, inflation should converge to the best performers in the EU, and thus for candidate countries the process of real convergence should proceed simultaneously with that of nominal convergence. We investigate this issue looking at the dynamics of real exchange rates in candidate countries and the implications for inflation dynamics, with special attention to the case of Slovenia.

Suggested Citation

  • Fabrizio Coricelli & Bostjan Jazbec, 2002. "Accession to the European Union: Real Exchange Rate Dynamics for Candidate Countries," Rivista di Politica Economica, SIPI Spa, vol. 92(1), pages 109-138, January-F.
    • Handle: RePEc:rpo:ripoec:v:92:y:2002:i:1:p:109-138
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    Citations

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    Cited by:

    1. Fabrizio Coricelli & Bostjan Jazbec & Igor Masten, 2004. "Linfluence du régime de change sur linflation dans les pays adhérents," Économie et Prévision, Programme National Persée, vol. 163(2), pages 51-61.
    2. Fabrizio Coricelli & Bo??tjan Jazbec & Igor Masten, 2004. "Exchange Rate Policy and Inflation in Acceding Countries: The Role of Pass-through," William Davidson Institute Working Papers Series 2004-674, William Davidson Institute at the University of Michigan.
    3. Fabrizio CORICELLI & Bostjan JAZBEC & Igor MASTEN, 2004. "Exchange Rate Pass-Through in Acceding Countries: The Role of Exchange Rate Regimes," Economics Working Papers ECO2004/16, European University Institute.
    4. Coricelli, Fabrizio & Jazbec, Boštjan & Masten, Igor, 2003. "Exchange Rate Pass-Through in Candidate Countries," CEPR Discussion Papers 3894, C.E.P.R. Discussion Papers.

    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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