Overvalued or undervalued Euroland entry?

Jens Hölscher, Mariusz Jarmuek

Research output: Contribution to journalArticle

Abstract

Abstract This study addresses the question of the conversion rate upon joining the European Union with respect to the accession countries of Eastern Europe. The article argues in favour of an undervalued exchange rate in order to promote income generation in the new member countries. For this purpose a strategy of managed float is proposed. Countries not having the preconditions to pursue such a strategy should adopt a currency board arrangement.
Original languageEnglish
Pages (from-to)235-250
Number of pages16
JournalPost-Communist economies
Volume17
Issue number2
DOIs
Publication statusPublished - Jun 2005

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Exchange rates
European Union
Accession countries
Float
Conversion rate
Eastern Europe
Currency board
Income

Keywords

  • Marxism & Communism
  • Russia -The Former Soviet Union & East European Studies

Cite this

Hölscher, Jens ; Jarmuek, Mariusz. / Overvalued or undervalued Euroland entry?. In: Post-Communist economies. 2005 ; Vol. 17, No. 2. pp. 235-250.
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Overvalued or undervalued Euroland entry? / Hölscher, Jens; Jarmuek, Mariusz.

In: Post-Communist economies, Vol. 17, No. 2, 06.2005, p. 235-250.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Overvalued or undervalued Euroland entry?

AU - Hölscher, Jens

AU - Jarmuek, Mariusz

PY - 2005/6

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N2 - Abstract This study addresses the question of the conversion rate upon joining the European Union with respect to the accession countries of Eastern Europe. The article argues in favour of an undervalued exchange rate in order to promote income generation in the new member countries. For this purpose a strategy of managed float is proposed. Countries not having the preconditions to pursue such a strategy should adopt a currency board arrangement.

AB - Abstract This study addresses the question of the conversion rate upon joining the European Union with respect to the accession countries of Eastern Europe. The article argues in favour of an undervalued exchange rate in order to promote income generation in the new member countries. For this purpose a strategy of managed float is proposed. Countries not having the preconditions to pursue such a strategy should adopt a currency board arrangement.

KW - Marxism & Communism

KW - Russia -The Former Soviet Union & East European Studies

U2 - DOI: 10.1080/14631370500104968

DO - DOI: 10.1080/14631370500104968

M3 - Article

VL - 17

SP - 235

EP - 250

JO - Post-Communist economies

JF - Post-Communist economies

SN - 1463-1377

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