IDEAS home Printed from https://ideas.repec.org/h/lst/lfchap/32-12.html
   My bibliography  Save this book chapter

Theorie optimaler Währungsräume vor dem Hintergrund der EU-Erweiterung

In: List Forum Band 32

Author

Listed:
  • Heiko Peters

Abstract

The first step towards integration of the ten new member countries of the European Union was their accession. The second step will be their intregration into the European Monetary Union. Here, they have to give up their own monetary policy in favour of complying with the monetary policy of the European Central Bank. The exchange rate as a shock absorber is not available anymore. The expected costs of the accession to a monetary union are typically derived by optimum currency area theory. According to optimum currency area theory one can divide the new member countries into two groups. For the first group - Slovenia, Hungary, Czech Republic, Cyprus and Malta - the accession costs are lower than for the second group - Estonia, Latvia, Lithuania, Poland and Slovakia. So the accession of the second group should be postponed until a stronger economic adjustment toward the European Monetary Union is reached.(Original text only available in german language)

Suggested Citation

  • Heiko Peters, 2006. "Theorie optimaler Währungsräume vor dem Hintergrund der EU-Erweiterung," List Forum Chapter, in: List Gesellschaft e.V. (ed.), List Forum Band 32, edition 1, volume 3, chapter 12, pages 214-238, List Gesellschaft e.V..
  • Handle: RePEc:lst:lfchap:32-12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    Other versions of this item:

    Citations

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


    Cited by:

    1. Lenk, Thomas & Lück, Oliver, 2011. "Auswirkungen der Eurokrise auf Sachsen und allgemeine Implikationen der Krise," Arbeitspapiere des Lehrstuhls Finanzwissenschaft 43, University of Leipzig, Institute of Public Finance and Public Management.
    2. Handler, Heinz, 2013. "The eurozone: piecemeal approach to an optimum currency area," MPRA Paper 67183, University Library of Munich, Germany.
    3. Wolf, Marvin, 2013. "Währungsunionen und Allmendeproblem," Hannover Economic Papers (HEP) dp-521, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lst:lfchap:32-12. 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: (Lukas Wnuk Lipinski) The email address of this maintainer does not seem to be valid anymore. Please ask Lukas Wnuk Lipinski to update the entry or send us the correct email address. General contact details of provider: http://edirc.repec.org/data/listgea.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.