Exchange rate regimes and shocks asymmetry: the case of the accession countries

Ian Babetskii, Laurence Boone and Mathilde Maurel
Additional contact information
Ian Babetskii: ROSES - Réformes et Ouverture des Systèmes Economiques post-Socialistes - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, CERGE-EI - UK - Univerzita Karlova [Praha, Česká republika] = Charles University [Prague, Czech Republic]
Laurence Boone: OCDE - Organisation de Coopération et de Développement Economiques = Organisation for Economic Co-operation and Development
Authors registered in the RePEc Author Service: Jan Babecký

Post-Print from HAL

Abstract: This paper reviews the pros and cons of an early EU enlargement that includes the Central and Eastern European countries (CEECs). The analysis of Maastricht criteria and real convergence enables us to distinguish the subset of transition countries that have succeeded in stabilizing and restoring economic growth from a second subset that failed to do so. For the former group, business cycles symmetry is an important issue. Using the Kalman filter, we compute the time varying correlation of demand and supply shocks in Ireland, Portugal, Spain and eight CEECs, namely the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia. Our results emphasize an ongoing process of convergence of demand shocks, but divergence of supply shocks

Keywords: EU enlargement; Exchange rate regimes; OCA (optimal currency area) criteria; Kalman filter (search for similar items in EconPapers)
Date: 2004-06
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Published in Journal of Comparative Economics, 2004, 32 (2), pp.212-229. ⟨10.1016/j.jce.2004.02.010⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Exchange rate regimes and shocks asymmetry: the case of the accession countries (2004)
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:hal:journl:halshs-00468626

DOI: 10.1016/j.jce.2004.02.010

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().