EMU enlargement, stabilization costs and insurance mechanisms

This paper considers the determinants of the macroeconomic costs of joining EMU for the new EU Member Sates, and compares them with those of the EMU members. Specifically, we investigate the business cycle correlation between the candidate’s economy and that of the euro area as a whole, and the abil...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Furceri, Davide (author)
Format: article
Language:eng
Published: 2022
Subjects:
Online Access:http://hdl.handle.net/10400.5/25625
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/25625