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Timing and sequenzing der monetären Integration

  • Jochem, Axel

Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Estland, Polen, Slowenien, Tschechische Republik und Ungarn). Während die vorangegangenen Kapitel des Projekts die Vor- und Nachteile verschiedener Wechselkursregime für die Übergangsphase vor einer Teilnahme an der Europäischen Währungsunion herausarbeiteten, befaßt sich der vorliegende Beitrag mit dem Timing und Sequencing der monetären Integration. Er kommt zu dem Schluß, daß eine Wechselkurskooperation erst nach einer kurzen Phase völlig flexibler Wechselkurse empfehlenswert ist. Mit dem Beginn ihrer EU-Mitgliedschaft sollten die fünf Länder auch dem EWS II beitreten, untereinander allerdings engere Bandbreiten einhalten als gegenüber dem Euro. Eine Mitgliedschaft in der Europäischen Währungsunion wird gemäß den Bestimmungen des EG-Vertrags frühestens nach zweijähriger Bewährung im Europäischen Wechselkursmechanismus möglich sein, also voraussichtlich nicht vor 2005.

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Paper provided by Universität der Bundeswehr München, Economic Research Group in its series Working Papers in Economics with number 2000,2.

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Date of creation: 2000
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Handle: RePEc:zbw:ubwwpe:20002
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  1. Blanchard, Olivier Jean & Aghion, Philippe, 1994. "On the Speed of Transition in Central Europe," Scholarly Articles 4481322, Harvard University Department of Economics.
  2. Heinemann, Friedrich, 1994. "Central Europe and European monetary integration: a strategy for catching up," ZEW Discussion Papers 94-21, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  3. Philippe Aghion & Olivier Jean Blanchard, 1994. "On the Speed of Transition Central Europe," NBER Working Papers 4736, National Bureau of Economic Research, Inc.
  4. Funke, Norbert, 1993. "Timing and Sequencing of Reforms: Competing Views and the Role of Credibility," Kyklos, Wiley Blackwell, vol. 46(3), pages 337-62.
  5. Paul R. Krugman, 1988. "Target Zones and Exchange Rate Dynamics," NBER Working Papers 2481, National Bureau of Economic Research, Inc.
  6. Sebastian Edwards, 1990. "The Sequencing of Economic Reform: Analytical Issues and Lessons from Latin American Experiences," The World Economy, Wiley Blackwell, vol. 13(1), pages 1-14, 03.
  7. Shang-Jin Wei, 1997. "Gradualism versus Big Bang: Speed and Sustainability of Reforms," Canadian Journal of Economics, Canadian Economics Association, vol. 30(4), pages 1234-47, November.
  8. Burda, Michael C, 1998. "The Consequences of EU Enlargement for Central and Eastern European Labour Markets," CEPR Discussion Papers 1881, C.E.P.R. Discussion Papers.
  9. Funke, Norbert, 1993. "Timing and sequencing of reforms: Competing views," Kiel Working Papers 552, Kiel Institute for the World Economy.
  10. Nunnenkamp, Peter, 1995. "Wirtschaftsreformen in Entwicklungs- und Transformationsländern : Anreizprobleme, Glaubwürdigkeitsdefizite und die Erfolgschancen umfassender Reformen," Open Access Publications from Kiel Institute for the World Economy 1636, Kiel Institute for the World Economy (IfW).
  11. Fleming, J Marcus, 1971. "On Exchange Rate Unification," Economic Journal, Royal Economic Society, vol. 81(323), pages 467-88, September.
  12. Lal, Deepak, 1987. "The Political Economy of Economic Liberalization," World Bank Economic Review, World Bank Group, vol. 1(2), pages 273-99, January.
  13. Edwards, Sebastian & van Wijnbergen, Sweder, 1986. "The Welfare Effects of Trade and Capital Market Liberalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(1), pages 141-48, February.
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