Acceso al sitio web del Consejo de Políticas de Infraestructura

   
ARTÍCULO
TITULO

Impact of Exchange Rate Regimes and Euro Area Membership on the Economic Growth of the New Member States from Central and Eastern Europe

Ivan Krumov Todorov    
Stoyan Tanchev    
Dr    
Kalina Durova    
Dr    
Petar Yurukov    

Resumen

The goal of this paper is to study the effects of exchange rate arrangements and euro area (EA) membership on the economic growth of ten new member states (NMS) from Central and Eastern Europe (CEE), which joined the European Union (EU) in 2004 and 2007 ? the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Slovenia, Bulgaria and Romania. Croatia is excluded from the analysis since it became a EU member relatively late - in 2013. A vector autoregression (VAR) of annual data for the period 2007-2017 is employed. The empirical results provide statistical evidence that flexible exchange rates and EA membership favor the economic growth of the NMS from CEE.

PÁGINAS
pp. 216 - 246

 Artículos similares

       
 
Li Zhao, Nathee Naktnasukanjn, Ahmad Yahya Dawod and Bin Zhang    
The efficient capital markets hypothesis (EMH) posits that security prices incorporate all available information in capital markets. Nevertheless, real stock markets often exhibit speculative behavior due to information asymmetry and the limited rational... ver más

 
Ayman Shehadeh, Mahmoud Daoud Daoud Nassar, Husam Shrouf and Mohammad Haroun Sharairi    
The primary objective of this research was to investigate the potential moderating role of audit fees in the relationship between audit committee characteristics and earnings management. Specifically, this study aimed to establish connections between aud... ver más

 
SungSup Brian Choi, Kudzai Sauka and MiYoung Lee    
This research investigates the factors influencing the capital structure of 271 non-financial firms listed on the Korean Stock Exchange (KSE) over a broad period from 1995 to 2021, encompassing both stable and crisis conditions. Employing a dynamic panel... ver más

 
Francisca Sestri Goestjahjanti, Betharia Efriani, Winanti Winanti, Rahmawati Rahmawati, Istajib Kulla     Pág. 1 - 12
The Indonesian consumer goods industry has been stagnant for four years 2014 ? 2018 with the export average of only 5.5 trillion or equivalents to zero % growth. Since the government has been working hard for economic recovery during Covid 19 pandemic, t... ver más

 
Ao Yang, Wenqi Li, Brian Sheng Xian Teo and Jaizah Othman    
Corporate managers are the central figures of corporate activity who can control the strategic direction of companies. The company?s use of financial derivatives can avoid risks and has an important impact on the value of the company. This study examines... ver más