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dc.contributor.authorWeimann, Marcoen
dc.date.accessioned2011-07-13T10:43:37Z-
dc.date.available2011-07-13T10:43:37Z-
dc.date.issued2002-
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
dc.language.isoengen
dc.publisher|aTechnische Universität Dresden, Fakultät Wirtschaftswissenschaften |cDresdenen
dc.relation.ispartofseries|aDresden Discussion Paper Series in Economics |x07/02en
dc.subject.jelE42en
dc.subject.jelF33en
dc.subject.jelF36en
dc.subject.ddc330en
dc.subject.keywordOCAen
dc.subject.keywordEMUen
dc.subject.keywordEastern enlargementen
dc.subject.keywordShock analysisen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwEU-Erweiterungen
dc.subject.stwOptimaler Währungsraumen
dc.subject.stwSchocken
dc.subject.stwWirtschaftliche Anpassungen
dc.subject.stwSchätzungen
dc.subject.stwOsteuropaen
dc.titleOCA theory and EMU eastern enlargement: An empirical application-
dc.typeWorking Paperen
dc.identifier.ppn822092050en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:tuddps:0702en

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