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The Economic Performance of the European Union: Issues, Trends and Policies
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SYSNO ASEP 0338012 Document Type M - Monograph Chapter R&D Document Type Monograph Chapter Title Fiscal convergence in monetary union: are the new member countries better disciplined than Eurozone members? Author(s) Kočenda, Evžen (NHU-C) RID
Kutan, A. M. (US)
Yigit, T. M. (TR)Source Title The Economic Performance of the European Union: Issues, Trends and Policies. - Houndmills, Basingstoke : Palgrave Macmillan, 2009 / Rusek A. ; Lacina L. ; Fidrmuc J. - ISBN 978-0-230-22227-4 Pages s. 107-130 Number of pages 36 s. Number of pages 262 Language eng - English Country GB - United Kingdom Keywords monetary union ; fiscal discipline ; Eurozone members Subject RIV AH - Economics R&D Projects GA402/08/1376 GA ČR - Czech Science Foundation (CSF) CEZ MSM0021620846 - NHU-C Annotation 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. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2010
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