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dc.contributor.authorWeimann, Marcoen_US
dc.date.accessioned2010-07-27en_US
dc.date.accessioned2010-09-24T14:30:12Z-
dc.date.available2010-09-24T14:30:12Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/40295-
dc.description.abstractThe accession of several Central and Eastern European Countries to Euroland is likely to be realised within the next years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the related macroeconomic costs. Still, they are prone to the Lucas critique since they do not consider endogeneity of the relevant criteria. We build on methodologies developed with regard to the theory of optimum currency areas in the context of present EMU and use a structural VAR approach to evaluate EMU suitability of the candidate countries. To correct for the widespread flaw of previous studies we use lagged time series to account for endogeneities. An evaluation of the changing country characteristics within the process of integration in Western Europe confirms the importance of this approach.en_US
dc.language.isoengen_US
dc.publisherDt. Bank Research Frankfurt am Mainen_US
dc.relation.ispartofseriesResearch notes working paper series 8en_US
dc.subject.jelE42en_US
dc.subject.jelF33en_US
dc.subject.jelF36en_US
dc.subject.ddc330en_US
dc.subject.keywordOCAen_US
dc.subject.keywordEMUen_US
dc.subject.keywordshock analysis-
dc.subject.keywordEastern enlargement-
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwEU-Erweiterungen_US
dc.subject.stwOptimaler Währungsraumen_US
dc.subject.stwSchocken_US
dc.subject.stwWirtschaftliche Anpassungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwOsteuropaen_US
dc.titleOCA theory and EMU Eastern enlargement: An empirical applicationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn363797378en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:dbrrns:8-
Appears in Collections:Research Notes, Deutsche Bank Research

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