European monetary union and the outsiders

I. D. McAvinchey and W. D. McCausland

Applied Economics, 2009, vol. 41, issue 15, 1903-1916

Abstract: This article looks at the impact on a small outside country if a larger, outsider country were to join a nearby monetary union, exemplified by the likely effects on Norway of the UK deciding to join the Euro. We construct a theoretical model to capture such effects, which focuses on the effect of union on Norway as the small outside state. We then estimate the model using data from the period 1980-1999 (the period covering the existence of the ECU and the Euro), and find that there would be substantial implications for the management of the Norwegian economy in response to asymmetric shocks and EU fiscal and monetary policy.

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/00036840601137125 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:41:y:2009:i:15:p:1903-1916

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036840601137125

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().