The Resource Balassa-Samuelson effects in the CEEC : are they obstacles for joining the EMU?, (electronic resource)

Balassa-Samuelson effects in the CEEC : are they obstacles for joining the EMU?, (electronic resource)

Label
Balassa-Samuelson effects in the CEEC : are they obstacles for joining the EMU?
Title
Balassa-Samuelson effects in the CEEC
Title remainder
are they obstacles for joining the EMU?
Creator
Contributor
Language
eng
Summary
A phantom is haunting the EU enlargement process. Some fear that the Balassa-Samuelson (B-S) effect might be a major obstacle for the Central and Eastern European countries (CEEC) to become members of the Economic and Monetary Union (EMU). A review of the relevant literature reveals that most estimations of the B-S effect in the EU acceding countries are flawed by one kind or the other. Either they do not estimate correctly the B-S propositions, or if they measure it they use a variety of measures for the variables needed. Additionally, the B-S effect is only a special case of a broader approach towards equilibrium real exchange rates. Lastly the B-S effect is studied in a CGE multi-country world in order to detect possible spillover effects. After describing the "official" road map towards the EMU, it is concluded that the uncertainties in measuring the B-S are much too high in order to see in it (alone) a major hindrance for the CEEC to become early members of the EMU. Moreover, real exchange rate appreciations that reflect productivity gains in the tradable sector are an equilibrium phenomenon and do not require a policy response. They are a natural phenomena in catching-up countries like the CEEC. Furthermore, the official doctrine for entering the EMU by the EU/ECB only interdicts depreciations but not appreciations for potential EMU members
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorDate
1944-
http://library.link/vocab/creatorName
Breuss, Fritz
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Wirtschaftsuniversität Wien
Series statement
EI working papers
Series volume
52
Label
Balassa-Samuelson effects in the CEEC : are they obstacles for joining the EMU?, (electronic resource)
Link
http://epub.wu.ac.at/cgi/search/simple?q=ei+working+papers&_action_search=Search&_order=bytitle&basic_srchtype=ALL&_satisfyall=ALL
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb16956667
Extent
48 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088471180
Label
Balassa-Samuelson effects in the CEEC : are they obstacles for joining the EMU?, (electronic resource)
Link
http://epub.wu.ac.at/cgi/search/simple?q=ei+working+papers&_action_search=Search&_order=bytitle&basic_srchtype=ALL&_satisfyall=ALL
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb16956667
Extent
48 pages.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088471180

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