New Political Economy of Exchange Rate Policies and the Enlargement of the Eurozone

• Main Author: Fahrholz, Christian H. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Heidelberg : Physica-Verlag HD, 2007.
• Series: Contributions to Economics,
• Subjects: Economics.; Management science.; Economic theory.; Macroeconomics.; European Economic Community literature.; Economic policy.; Economics, general.; Macroeconomics/Monetary Economics//Financial Economics.; European Integration.; Economic Theory/Quantitative Economics/Mathematical Methods.; Economic Policy.

This work examines the political economy of exchange-rate policies in the context of the eastward enlargement of the eurozone. The analysis shows that prospective members of the EMU are likely to pass on some of the incurred Maastricht costs of convergence to the current EMU-members. The transmissio...

Table of Contents:

• Setting the Stage
• The Core, the Crux, and the Costs Involved
• Exchange-Rate Policies in CEECs
• Game-Theoretic Analysis
• Empirical Analysis
• Conclusions.