From the ERM to the euro: new evidence on economic and policy convergence among EU countries

Ignazio Angeloni () and Luca Dedola

No 4, Working Paper Series from European Central Bank

Abstract: Skeptic views on EMU are usually cast around three arguments. First, the EU does not satisfy 'Optimum Currency Area' (OCA) conditions. Second, heterogeneous economic and financial structures will produce differences in monetary transmission. Third, the shift from domestic to area-wide considerations may give rise to conflicts in the decision making of the European Central Bank (ECB). JEL Classification: E52, F02, E32

Keywords: economic; and; policy; convergence (search for similar items in EconPapers)
Date: 1999-05
Note: 80922
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (135)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:19994

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