Does One Currency Mean One Price?

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dc.contributor.author WOLSZCZAK-DERLACZ, Joanna
dc.date.accessioned 2008-06-04T08:35:37Z
dc.date.available 2008-06-04T08:35:37Z
dc.date.issued 2008
dc.identifier.issn 1830-7728
dc.identifier.uri http://hdl.handle.net/1814/8747
dc.description.abstract European 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.language.iso en en
dc.publisher European University Institute
dc.relation.ispartofseries EUI MWP en
dc.relation.ispartofseries 2008/21 en
dc.subject price convergence en
dc.subject EMU en
dc.subject changeover effects en
dc.subject E31 en
dc.subject F36 en
dc.subject F41 en
dc.title Does One Currency Mean One Price? en
dc.type Working Paper en
dc.neeo.contributor WOLSZCZAK-DERLACZ|Joanna|aut|
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