학술저널
EU Enlargement and the EMU
EU Enlargement and the EMU
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제22권 제1호
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2007.03156 - 180 (25 pages)
- 2
This paper investigates empirically the extent to which the ten new EU countries are ready to join the European Monetary Union (EMU). Using France and Germany as a benchmark, we assess the prospects of successful EMU participation based on common trends analysis of the nominal convergence criteria as well as on real exchange rates and real per capita GDPs. The empirical results indicate that the new EU countries are partially ready to join the eurozone, and need further adjustments in their government policies to be fully prepared for joining the EMU.
Ⅰ. Introduction
Ⅱ. The Cointegration and Common Trends Models
Ⅲ. Data and Empirical Results
Ⅳ. Concluding Remarks
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