228
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

Re-Exploring the Enlargement of the Eurozone: Evidence from the New Member-States

&
Pages 177-198 | Received 11 Feb 2017, Accepted 14 May 2018, Published online: 01 Jun 2018

References

  • Alexandrou, G., Koulakiotis, A., & Dasilas, A. (2011). GARCH modelling of banking integration in the Eurozone. Research in International Business and Finance, 25(1), 1–10. doi: 10.1016/j.ribaf.2010.05.001
  • Allam, M., & Goerres, A. (2008). Adopting the euro in post-communist countries. Max Planck Institute for the Study of Societes, pp. 1–26.
  • Balcilar, M., Kutan, A., & Yaya, M. (2017). Financial integration in small islands: The case of Cyprus. International Review of Economics & Finance, 47, 201–219. doi: 10.1016/j.iref.2016.10.014
  • Bitans, M., & Kauzens, E. (2004). Impact of the euro adoption on the economy of Latvia (Bank of Latvia Working Papers), pp. 1–40.
  • BOS. (2003). Implementation of the short-run monetary policy directives. Ljubljana: Author. Retrieved from http://www.bsi.si/
  • Brooks, C. (2014). Introductory econometrics for finance. Cambridge: Cambridge University Press.
  • Cavallo, A., Neiman, B., & Rigobon, B. (2014). The price impact of joining a currency union: Evidence from Latvia (NBER Working Papers, 20225), National Bureau of Economic Research, Inc.
  • Dean, J., Muchova, E., & Lisy, J. (2013). How Slovakia has kept the confidence fairy. Journal of Policy Modeling, 35(4), 487–503. doi: 10.1016/j.jpolmod.2013.02.003
  • Doyle, O., & Fidrmuc, J. (2006). Who favors enlargement?: Determinants of support for EU membership in the candidate countries’ referenda. European Journal of Political Economy, 22(2), 520–543. doi: 10.1016/j.ejpoleco.2005.09.008
  • Eichengreen, B. (1994). International monetary arrangements for the 21st century. Washington, DC: The Brookings Institution.
  • Engle, R., Granger, J., & Clive, W. (1987). Co-integration and error correction: Representation, estimation and testing. Econometrica, 55(2), 251–276. doi: 10.2307/1913236
  • Eurostat. (2016). National accounts. Retrieved from http://ec.europa.eu/eurostat/web/national-accounts/data/main-tables
  • Floros, C. (2009). Price discovery in the South African stock index futures market. International Journal of Financial Economics and Econometrics, 34, 148–159.
  • Fuller, D. (1976). Introduction to statistical time series. New York, NY: John Wiley and Sons.
  • Glosten, L., Jaganathan, R., & Runkle, D. (1993). On the relation between the expected value and the volatility of the normal excess return on stocks. Journal of Finance, 48, 1779–1801. doi: 10.1111/j.1540-6261.1993.tb05128.x
  • Ivanova, S. (2015). Population income in the European Union and situation in Latvia. Procedia – Social and Behavioral Sciences, 213, 43–47. doi: 10.1016/j.sbspro.2015.11.401
  • Johansen, S. (1991). Estimation and hypothesis testing of cointegration vectors in Gaussian vector autoregressive models. Econometrica, 59(6), 1551–1580. doi: 10.2307/2938278
  • Johansen, S., & Juselius, K. (1990). Maximum likelihood estimation and inference on cointegration with applications to the demand for money. Oxford Bulletin of Economics and Statistics, 52, 169–210. doi: 10.1111/j.1468-0084.1990.mp52002003.x
  • Kenen, P. (1969). The theory of optimum currency areas: An eclectic view. In Mundell & Swoboda (Eds.), Monetary problems in the international economy (pp. 41–60). Chicago: University of Chicago Press.
  • Kliber, A., & Pluciennik, P. (2017). Euro or not? Vulnerability of Czech and Slovak economies to regional and international turmoil. Economic Modelling, 60, 313–323. doi: 10.1016/j.econmod.2016.09.019
  • Koukouritakis, M., & Michelis, L. (2006). EU enlargement and the eurozone: Convergence or divergence? The Journal of Economic Asymmetries, 3(1), 39–58. doi: 10.1016/j.jeca.2006.01.003
  • Kouparitsas, M. (2001). Is the United States an optimum currency area? An empirical analysis of regional business cycles Federal Reserve Bank of Chicago, pp. 1–22.
  • Kyriacou, G., & Papageorghiou, M. (2010). Assessing the equilibrium exchange rate of the Cyprus pound at the time of euro adoption (Working Paper Series), Central Bank of Cyprus, pp. 1–37.
  • McKinnon, R. (1963). Optimum currency areas. The American Economic Review, 53(4), 717–725.
  • Mencinger, J., & Mrak, M. (2003). Fiscal policy, public debt, and EU fiscal implications. Mimeo, Univesity of Ljubljana, Slovenia.
  • Mika, A., & Zymek, R. (2018). Friends without benefits? New EMU members and the “euro effect” on trade. Journal of International Money and Finance, 83, 75–92. doi: 10.1016/j.jimonfin.2018.02.001
  • Mikek, P. (2003). Accession to the monetary union and slovenian monetary policy under exchange rate targeting. Prague Economic Papers, 2, 176–186.
  • Mundell, R. (1961). A theory of optimum currency areas. American Economic Review, 53, 657–665.
  • NBS. (2004). NBS monetary policy, 2000-2004, implicit inflation targeting. Bratislava: Author. Retrieved from http://www.nbs.sk/
  • Pace, R. (2006). Malta and EU membership: Overcoming ‘vulnerabilities. Strengthening ‘Resilience’. Journal of European Integration, 28(1), 33–49. doi: 10.1080/07036330500480557
  • Pattichis, C., Maratheftis, M., & Zenios, S. (2007). Is the Cyprus pound real effective exchange rate misaligned? A BEER approach. International Economic Journal, 21(1), 133–154. doi: 10.1080/10168730601181026
  • Ricci, L. (2008). A model of an optimum currency area. Economics: The Open-Access, Open-Assessment E-Journal, 2(8), 1–31.
  • Scerri, K. (2001). Exchange rate strategies for Malta in the Run-Up to EMU. Bank of Valletta Review, 24, 52–72.
  • Smith, D. (2009). Asymmetry in stochastic volatility models: Threshold or correlation? Studies in Nonlinear Dynamics & Econometrics, 13, Art 1.
  • So, M. K., Li, W., & Lam, K. (2002). On a threshold stochastic volatility model. Journal of Forecasting, 22, 473–500. doi: 10.1002/for.840
  • Stoupos, N., & Kiohos, A. (2017a). EU unification and linkages among the European currencies: New evidence from the EU and the EEA. Research in International Business and Finance, 41, 28–36. doi: 10.1016/j.ribaf.2017.04.015
  • Stoupos, N., & Kiohos, A. (2017b). Post-Communist countries of the EU nd the euro: Dynamic linkages among the exchange rates. Acta Oeconomica, 67(4), 511–538. doi: 10.1556/032.2017.67.4.2
  • Syrichas, G. (2008). Monetary policy strategy and the euro: Lessons from Cyprus. Cyprus Economic Policy Review, 2(2), 81–102.
  • Weyerstrass, K. (2008). Economic policies on Slovenia's road to the euro area. Economic Systems, 32(1), 92–102. doi: 10.1016/j.ecosys.2007.09.003
  • Zakoian, J.-M. (1994). Threshold heteroskedastic models. Journal of Economic Dynamics and Control, 18(5), 931–955. doi: 10.1016/0165-1889(94)90039-6

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.