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dc.contributor.authorWOLSZCZAK-DERLACZ, Joanna
dc.date.accessioned2008-06-04T08:35:37Z
dc.date.available2008-06-04T08:35:37Z
dc.date.issued2008
dc.identifier.issn1830-7728
dc.identifier.urihttp://hdl.handle.net/1814/8747
dc.description.abstractEuropean Monetary Union was expected to have many consequences for the economies of participant countries. Theory suggested that through a higher volume of trade and stronger competition in the Eurozone, a single currency would lead to a reduction in price dispersion. As far as prices are concerned, two effects were expected: an immediate effect due to the technical characteristics of the changeover process, and a long-term one leading to price convergence. Both Euro effects are evaluated using difference-in-difference (DD) methodology. DD estimation is commonly used in the evaluation of the effects of policy programmes. Applied to the issue of introducing a single currency, the Euro effects identified are the estimated differences in price changes, price dispersion and convergence rates pre- and post-Euro between two groups of countries: Euro and non-Euro.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherEuropean University Institute
dc.relation.ispartofseriesEUI MWPen
dc.relation.ispartofseries2008/21en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectprice convergenceen
dc.subjectEMUen
dc.subjectchangeover effectsen
dc.subjectE31en
dc.subjectF36en
dc.subjectF41en
dc.titleDoes One Currency Mean One Price?en
dc.typeWorking Paperen
dc.neeo.contributorWOLSZCZAK-DERLACZ|Joanna|aut|
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