Economics at your fingertips  

EU enlargement and monetary regimes from the insurance model perspective

Nikolay Nenovsky () and Patrick Villieu ()

Post-Communist Economies, 2011, vol. 23, issue 4, 433-447

Abstract: It is widely observed and recognised that economic behaviour in the post-communist countries changed after these countries joined the European Union. The insurance model of currency crises proposed by Dooley, after being modified and interpreted within a broader conceptual meaning, provides good possibilities for analysing the whole process of post-communist transformation and EU accession. This article offers an empirical illustration of the theoretical model using the examples of Bulgaria and Romania. These two Balkan countries, the latest members of the EU (since 2007), have radically different monetary regimes -- respectively a currency board and inflation targeting.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: EU Enlargement and Monetary Regimes from the Insurance Model Perspectives (2010) Downloads
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:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Post-Communist Economies is currently edited by Roger Clarke

More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

Page updated 2019-08-20
Handle: RePEc:taf:pocoec:v:23:y:2011:i:4:p:433-447