Browsing by Subject "Wirtschafts- und Währungsunion"

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Enlarging the EMU to the East
what effects on trade?
(2007) Belke, Ansgar; Spies, Julia
The purpose of this paper is to assess the implications of the Economic and Monetary Union (EMU) accession of eight Central and Eastern European Countries (CEECs) on their share in EMU-12 imports. Overcoming biases related to endogeneity, omitted variables and sample selection, our results indicate that the common currency has boosted intra-EMU imports by 7%. Under the assumption that the same relationship between the explanatory variables and imports will hold for EMU-CEEC trade, we are able to predict the future impact of the euro. Our findings suggest that except for the least integrated countries, Poland, Latvia and Lithuania, all CEECs can expect increases in the EMU-12 import share.
The Euro and its impact on ASEAN economies
(2000) Chaipan, Chaiwoot; Chulalongkorn University, Faculty of Economics, Bangkok, Thailand
The launching of the EURO not only affects the members of EURO-Land, but it also affects the potential new member countries such as Central and Eastern European countries as well as some countries in Europe, Africa and French territories such as Monaco, San Marino, Vatican, Andorra, Mayotte, Saint Pierre, Miquelon, New Caledonia, and countries in West and Central Africa?s single-currency zone. These countries will adopt the EURO without belonging to the Union. And if Sweden, Denmark, Greece and Britain join the single currency, then their overseas territories would automatically adopt the EURO too. The EURO also influences third countries such as the United States, Japan and developing Asian countries. This paper looks at the conditions that will create EURO?s dominance in the ASEAN economies, and to what extent they will be threatened, or enhanced.