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2002•RePEc: Research Papers in EconomicsOpen access

An Empirical Analysis of Monetary Policy Choices in the Pre-EMU Period

Ray J Barrell, Dawn Holland, Kateřina Šmídková

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Abstract

We argue that the choice of exchange rate regime in the process of accession to the European Union and EMU can affect the growth rate of the economy in the medium term. We discuss the effects of exchange rate choice, and of the timing of transition to EMU on the core accession countries.

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What this paper is about

We argue that the choice of exchange rate regime in the process of accession to the European Union and EMU can affect the growth rate of the economy in the medium term. We discuss the effects of exchange rate choice, and of the timing of transition to EMU on the core accession countries.

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Available abstract

We argue that the choice of exchange rate regime in the process of accession to the European Union and EMU can affect the growth rate of the economy in the medium term. We discuss the effects of exchange rate choice, and of the timing of transition to EMU on the core accession countries.

Key concepts: Accession, Economics, Exchange rate, Monetary policy, European monetary union, International economics, Economic and monetary union, Monetary economics

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