Arbeitspapier
The Forex Regime and EMU Expansion
This paper provides evidence that the choice of the foreign exchange regime is not of first order importance for achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate stability hinges on the current and anticipated coherency of monetary and fiscal policies. We demonstrate this empirically on a panel including potential EMU accession countries. By means of rank regression analysis we uncover the partial links across the regime specifics of the representative country versus the German regime during the 1990s.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 02-010/2
- Klassifikation
-
Wirtschaft
- Thema
-
Exchange Rate Regime
Growth
EMU
CEECs
Wechselkurssystem
Wirtschaftswachstum
Monetäre Wechselkurstheorie
Eurozone
Übergangswirtschaft
EU-Staaten
Osteuropa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
van Foreest, Pieter W.
de Vries, Casper G.
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- van Foreest, Pieter W.
- de Vries, Casper G.
- Tinbergen Institute
Entstanden
- 2002
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