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The Economic Performance of the European Union: Issues, Trends and Policies
- 1.0338012 - NHU-C 2010 RIV GB eng M - Monography Chapter
Kočenda, Evžen - Kutan, A. M. - Yigit, T. M.
Fiscal convergence in monetary union: are the new member countries better disciplined than Eurozone members?
The Economic Performance of the European Union: Issues, Trends and Policies. Houndmills, Basingstoke: Palgrave Macmillan, 2009 - (Rusek, A.; Lacina, L.; Fidrmuc, J.), s. 107-130. ISBN 978-0-230-22227-4
R&D Projects: GA ČR(CZ) GA402/08/1376
Institutional research plan: CEZ:MSM0021620846
Keywords : monetary union * fiscal discipline * Eurozone members
Subject RIV: AH - Economics
The analysis uses the Maastricht fiscal criteria as well as alternative fiscal measures to empirically examine the fiscal discipline of the recent ten European Union (EU) members with respect to the EU15.The results suggest poor fiscal discipline in the Union in general. More importantly, the new members are found as undisciplined as EU15, if not more. The results suggest that monetary unions may not provide strong fiscal discipline for its new members.
Permanent Link: http://hdl.handle.net/11104/0181883
Number of the records: 1