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Ready for Euro? Evidence on EU new member states

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  • Roman Horvath

Abstract

This article estimates optimum currency area (OCA) index for the EU New Member States (NMSs). We find that, as compared to the current Euro area countries, the NMSs meet OCA conditions largely and in this respect, are likely good candidates for Euro adoption.

Suggested Citation

  • Roman Horvath, 2007. "Ready for Euro? Evidence on EU new member states," Applied Economics Letters, Taylor & Francis Journals, vol. 14(14), pages 1083-1086.
    • Handle: RePEc:taf:apeclt:v:14:y:2007:i:14:p:1083-1086
    DOI: 10.1080/13504850600706206
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    References listed on IDEAS

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    1. Dmitri Boreiko, 2003. "EMU and accession countries: Fuzzy cluster analysis of membership," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(4), pages 309-325.
    2. László Halpern & Charles Wyplosz, 1997. "Equilibrium Exchange Rates in Transition Economies," IMF Staff Papers, Palgrave Macmillan, vol. 44(4), pages 430-461, December.
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    Cited by:

    1. Dimitrios Sideris, 2009. "Do the new EU member states form an Optimum Currency Area with the eurozone? Evidence from six Central and Eastern European Countries," SEEMHN papers 17, National Bank of Serbia.
    2. Daniel Stavarek, 2011. "European exchange rates volatility and its asymmetrical components during the financial crisis," MENDELU Working Papers in Business and Economics 2011-17, Mendel University in Brno, Faculty of Business and Economics.
    3. Carlos Vieira & Isabel Vieira, 2013. "Monetary Integration In Eastern And Southern Africa: Choosing A Currency Peg For Comesa," South African Journal of Economics, Economic Society of South Africa, vol. 81(3), pages 356-372, September.
    4. Fidrmuc, Jarko & Horváth, Roman, 2008. "Volatility of exchange rates in selected new EU members: Evidence from daily data," Economic Systems, Elsevier, vol. 32(1), pages 103-118, March.
    5. Carlos Vieira & Isabel Vieira, 2012. "Assessing The Endogeneity Of Oca Conditions In Emu," Manchester School, University of Manchester, vol. 80, pages 77-91, September.
    6. repec:nsb:seemhn:17 is not listed on IDEAS
    7. Dimitrios Sideris, 2009. "Do the new EU member states form an Optimum Currency Area with the eurozone? Evidence from six Central and Eastern European Countries," SEEMHN papers 15, National Bank of Serbia.
    8. repec:cnb:ocpubv:rb06/1 is not listed on IDEAS
    9. repec:nsb:seemhn:15 is not listed on IDEAS
    10. Rokas Bancevičius, 2011. "New EU member states and the Euro: economic readiness, benefits and costs," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(4), pages 461-480, November.
    11. repec:cnb:ocpubv:rb05/2 is not listed on IDEAS
    12. repec:cnb:ocpubv:rb06/2 is not listed on IDEAS
    13. repec:nsb:seemhn:16 is not listed on IDEAS
    14. Dimitrios Sideris, 2009. "Do the new EU member states form an Optimum Currency Area with the eurozone? Evidence from six Central and Eastern European Countries," SEEMHN papers 16, National Bank of Serbia.

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