Detail publikace

Exchange Rate Variability, Pressures and Optimum Currency Area Criteria: Implications for the EU New Members

Autor: prof. Roman Horváth Ph.D.,
Typ: Ostatní
Rok: 2005
Číslo: 0
ISSN / ISBN:
Publikováno v: Czech National Bank Research Bulletin No. 2/2006
Místo vydání: Czech National Bank
Klíčová slova:
JEL kódy:
Citace:
Abstrakt: It is found that countries fulfilling the optimum currency area criteria to a lesser degree are likely to experience greater exchange rate variability and/or exchange rate pressures. As a result, given the institutional process of euro adoption, this is likely to influence their timing of ERM II entry, as the countries may be concerned about excessive exchange rate variability especially during this period.

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