Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25564
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dc.contributor.authorPeters, Heikoen_US
dc.date.accessioned2006-07-31en_US
dc.date.accessioned2009-07-27T09:06:34Z-
dc.date.available2009-07-27T09:06:34Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/25564-
dc.description.abstractThe first step towards integration of the ten new member countries of the European Union was their accession. The second step will be their integration 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 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, Czech Republic, Hungary, Cyprus and Malta - the accession costs are lower than for the second group - Poland, Latvia, Lithuania, Estonia and Slovakia. So the accession of the second group should be postponed until a stronger economic adjustment toward the European Monetary Union is reached.en_US
dc.language.isogeren_US
dc.publisher|aInst. für Ökonomische Bildung |cMünsteren_US
dc.relation.ispartofseries|aIÖB-Diskussionspapier|x4/06en_US
dc.subject.ddc330en_US
dc.subject.stwOptimaler Währungsraumen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEU-Erweiterungen_US
dc.subject.stwTheorieen_US
dc.subject.stwEU-Staatenen_US
dc.titleTheorie optimaler Währungsräume vor dem Hintergrund der EU-Erweiterungen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn515117366en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ioebdp:406-

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