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Is there a necessity for revision of reference values (inflation and deficit) of the Maastricht monetary convergence criteria by considering the equilibrium characteristics of new, catching up member-states? Drawing on governmental documents and reports issued by the IMF, EBRD, Bulgarian Agency for Economic Analysis and Forecasting, Bulgarian and Hungarian National Bank and interviews with former and present governmental officials and respected scholars, this work argues that the existing Balassa- Samuelson (BS) effect in the catching-up transition economies frustrates the possibility for compliance with the Maastricht monetary convergence criteria necessary for EMU membership. The study recommends the Maastricht criteria to be defined in reference to the average inflation rate of the euro zone (the Harmonized Index of Consumer Prices, HICP), not the three EU members with the lowest inflation rate.
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About the Author:
Yordanka Chobanova graduated from Varna University of Economics, Bulgaria. Then, she contunued her studies in Central European University, Budapest where she gained her MA degree in Political Sciences. Currently she is dealing with regional policy issues at the Permament Representation of Bulgaria to the EU in Brussels.
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- PublisherLAP LAMBERT Academic Publishing
- Publication date2010
- ISBN 10 3843375860
- ISBN 13 9783843375863
- BindingPaperback
- Number of pages72
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On the way to Eurozone: The case of Bulgaria and Hungary
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Book Description Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Is there a necessity for revision of reference values (inflation and deficit) of the Maastricht monetary convergence criteria by considering the equilibrium characteristics of new, catching up member-states Drawing on governmental documents and reports issued by the IMF, EBRD, Bulgarian Agency for Economic Analysis and Forecasting, Bulgarian and Hungarian National Bank and interviews with former and present governmental officials and respected scholars, this work argues that the existing Balassa- Samuelson (BS) effect in the catching-up transition economies frustrates the possibility for compliance with the Maastricht monetary convergence criteria necessary for EMU membership. The study recommends the Maastricht criteria to be defined in reference to the average inflation rate of the euro zone (the Harmonized Index of Consumer Prices, HICP), not the three EU members with the lowest inflation rate. 72 pp. Englisch. Seller Inventory # 9783843375863
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On the way to Eurozone : The case of Bulgaria and Hungary
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Book Description Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Is there a necessity for revision of reference values (inflation and deficit) of the Maastricht monetary convergence criteria by considering the equilibrium characteristics of new, catching up member-states Drawing on governmental documents and reports issued by the IMF, EBRD, Bulgarian Agency for Economic Analysis and Forecasting, Bulgarian and Hungarian National Bank and interviews with former and present governmental officials and respected scholars, this work argues that the existing Balassa- Samuelson (BS) effect in the catching-up transition economies frustrates the possibility for compliance with the Maastricht monetary convergence criteria necessary for EMU membership. The study recommends the Maastricht criteria to be defined in reference to the average inflation rate of the euro zone (the Harmonized Index of Consumer Prices, HICP), not the three EU members with the lowest inflation rate. Seller Inventory # 9783843375863
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On the way to Eurozone The case of Bulgaria and Hungary
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On the way to Eurozone
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Book Description Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Chobanova YordankaYordanka Chobanova graduated from Varna University of Economics, Bulgaria. Then, she contunued her studies in Central European University, Budapest where she gained her MA degree in Political Sciences. Currently . Seller Inventory # 5467467
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