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Czasopismo
2007 | nr 11-12 | 17--33
Tytuł artykułu

EMU Enlargement and Central Bank Independence: Which Concept of Convergence to Apply?

Autorzy
Warianty tytułu
Rozszerzenie Unii Gospodarczej i Walutowej i niezależność banku centralnego. Jaką zastosować koncepcję konwergencji?
Języki publikacji
EN
Abstrakty
EN
EMU enlargement not only depends on the individual state of convergence of the accession candidates, but also on their political situation. Therefore, we argue that institutional convergence, in particular monetary policy binding, is equally - if not more - important for successful monetary policy in Euroland than nominal and real convergence. Based on a constitutional political economy framework, we assess the degree of central bank independence (CBI) in CEE using different measures. It can be shown that the degree of central bank independence in CEE countries is considerably high; however, there is a (decreasing) gap to the ECB's independence with respect to external aspects of CBI. (original abstract)
Rozszerzenie Unii Gospodarczej i Walutowej nie zależy jedynie od indywidualnego stanu procesu konwergencji kandydatów przystępujących do UGiW, ale także od ich sytuacji politycznej. Twierdzimy zatem, że konwergencja instytucjonalna, w szczególności wiążąca politykę pieniężną, jest równie (jeśli nie bardziej) istotna dla prowadzenia pomyślnej polityki monetarnej w eurolandzie niż konwergencja nominalna i realna. Zgodnie z konstytucyjnymi ramami ekonomii politycznej, oceniamy za pomocą rożnych miar stopień niezależności banku centralnego (CBI) w krajach środkowej i Wschodniej Europy. Można wykazać, że stopień niezależności banku centralnego w tych krajach jest znaczny. Istnieje jednakże (zmniejszająca się) różnica w stosunku do niezależności EBC, w zakresie zewnętrznych aspektów niezależności. (abstrakt oryginalny)
Czasopismo
Rocznik
Numer
Strony
17--33
Opis fizyczny
Twórcy
Bibliografia
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
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