000			03139nam a22004575i 4500
001			978-0-387-25766-2
003			DE-He213
005			20250710083934.0
007			cr nn 008mamaa
008			100301s2006 xxu| s |||| 0|eng d
020			_a9780387257662 _a99780387257662
024	7		_a10.1007/b136026 _2doi
082	0	4	_a337.142 _223
100	1		_aDabrowski, Marek. _eeditor.
245	1	4	_aThe Eastern Enlargement of the Eurozone _h[recurso electrónico] / _cedited by Marek Dabrowski, Jacek Rostowski.
264		1	_aBoston, MA : _bSpringer US, _c2006.
300			_aXV, 232 p. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_arecurso en línea _bcr _2rdacarrier
347			_atext file _bPDF _2rda
505	0		_aWhen Should the New Member States Join EMU? -- The Exchange Rate: Shock Generator or Shock Absorber? -- Do the New Member States Fit the Optimum-Currency-Area Criteria? -- EMU Enlargement and Trade Creation -- Future EMU Membership and Wage Flexibility -- Exchange Rate Regimes and Nominal Convergence -- EMU Enlargement and the Choice of Euro Conversion Rates -- The Short-Run Macroeconomic Effects of Discretionary Fiscal Policy Changes -- How to Reform the Stability and Growth Pact -- Uneven Growth in a Monetary Union -- ECB Decision-Making in an Enlarged EMU -- A Strategy for EMU Enlargement.
520			_aThe Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.
650		0	_aECONOMICS.
650		0	_aEUROPE _xECONOMIC POLICY.
650		0	_aINTERNATIONAL ECONOMICS.
650		0	_aMACROECONOMICS.
650	1	4	_aECONOMICS/MANAGEMENT SCIENCE.
650	2	4	_aEUROPEAN INTEGRATION.
650	2	4	_aECONOMICS GENERAL.
650	2	4	_aMACROECONOMICS/MONETARY ECONOMICS.
650	2	4	_aINTERNATIONAL ECONOMICS.
700	1		_aRostowski, Jacek. _eeditor.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9780387257648
856	4	0	_uhttp://dx.doi.org/10.1007/b136026 _zVer el texto completo en las instalaciones del CICY
912			_aZDB-2-SBE
942			_2ddc _cER
999			_c56479 _d56479