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Monetary policy aspects of the enlargement of the Euro area


  • Lommatzsch, Kirsten
  • Tober, Silke


There is some evidence that interdependencies among European banks have increased over the past 15 years and that the potential of systemic risks in banking has shifted from a national level to a European level. / Whereas wholesale financial markets are considered to be highly integrated within the European Union, integration in retail financial markets is less advanced, as a study on measuring financial market integration including an analysis of obstacles to financial market integration shows.

Suggested Citation

  • Lommatzsch, Kirsten & Tober, Silke, 2002. "Monetary policy aspects of the enlargement of the Euro area," Research Notes 4, Deutsche Bank Research.
  • Handle: RePEc:zbw:dbrrns:4

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    Cited by:

    1. Kirsten Lommatzsch & Silke Tober, 2006. "Euro-Area Inflation: does the Balassa–Samuelson effect matter?," International Economics and Economic Policy, Springer, vol. 3(2), pages 105-136, November.
    2. Egert, Balazs & Drine, Imed & Lommatzsch, Kirsten & Rault, Christophe, 2003. "The Balassa-Samuelson effect in Central and Eastern Europe: myth or reality?," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 552-572, September.
    3. Joanna Beza-Bojanowska, 2009. "The Behavioural Zloty/Euro Equilibrium Exchange Rate," NBP Working Papers 55, Narodowy Bank Polski, Economic Research Department.
    4. Balázs Égert & László Halpern & Ronald MacDonald, 2006. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues ," Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 257-324, April.
    5. Kirsten Lommatzsch & Silke Tober, 2004. "Productivity Growth and the Real Appreciation of the Accession Countries' Currencies," William Davidson Institute Working Papers Series 2004-675, William Davidson Institute at the University of Michigan.
    6. Ansgar Belke & Dirk Kruwinnus, 2003. "Erweiterung der EU und Reform des EZB-Rats: Rotation versus Delegation," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 218/2003, Department of Economics, University of Hohenheim, Germany.
    7. Égert, Balázs, 2004. "Assessing equilibrium exchange rates in CEE acceding countries : can we have DEER with BEER without FEER? : A critical survey of the literature," BOFIT Discussion Papers 1/2004, Bank of Finland, Institute for Economies in Transition.
    8. Boghean Carmen & Boghean Florin & Nastase Carmen & Morosan Danila Lucia, 2010. "Considerations On The Prospects Of The Integration Of The European Financial Markets In The Context Of The Global Crisis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 509-515, December.
    9. Wojciech Paczynski, 2003. "ECB Decision-making and the Status of the Eurogroup in an Enlarged EMU," CASE Network Studies and Analyses 0262, CASE-Center for Social and Economic Research.

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