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dc.contributor.authorWeimann, Marcoen_US
dc.date.accessioned2011-07-13T10:43:37Z-
dc.date.available2011-07-13T10:43:37Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/48108-
dc.description.abstractAlready before the final introduction of the single European currency there have been negotiations on a further enlargement of the Eurozone to the East. The accession of 10 Central and Eastern European Countries (CEEC) to Euroland is likely to be realised within the next 10 years and it is an important issue to assess whether these candidates are better or worse suitable for EMU membership than the current participants. The theory of optimum currency areas provides several criteria and econometric tools for analysing a prospective monetary union. Building on methodologies developed with regard to the current EMU we use a structural VAR approach in order to identify economic shocks that hit the countries to be analysed in the past. Correlations of the shocks disclosed do shed light on the question whether a common monetary policy may be suitable for the respective economies. The few already existing studies on this issue for the region are all prone to the Lucas critique since they compare contemporaneous correlations in East and West. In order to correct for this flaw we use lagged time series instead.en_US
dc.language.isoengen_US
dc.publisherTechn. Univ., Fak. Wirtschaftswiss. Dresdenen_US
dc.relation.ispartofseriesDresden discussion paper in economics 07/02en_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.keywordEastern enlargementen_US
dc.subject.keywordShock analysisen_US
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.ppn35128219Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:tuddps:0702-
Appears in Collections:Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden

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