Ready or not? Constructing the Monetary Union Readiness Index
نویسندگان
چکیده
Abstract While all EU Member States can join the group's monetary union, euro area, some members are far more ready for adoption and use of single European currency. Here, we construct a new Monetary Union Readiness Index (MURI) States. The theoretical framework index is built on economic theory Optimal Currency Areas regulations such as Treaty Maastricht criteria, Regulation Macroeconomic Imbalance Procedure. measures (i) nominal convergence, (ii) real (iii) macroeconomic stability. MURI provides an easy to real-time policy tool evaluate both candidate current area members. Hence, it complements, aggregates communicates key information in annual convergence reports official statistics. Our evaluation finds that Austria, Finland, Denmark, Sweden Germany showed highest level compliance with different criteria 2018, while Greece, Cyprus, Romania, Spain, Italy were least compliant.
منابع مشابه
Constructing a New Monetary Condition Index for Iran
Reliable measures of the size and direction of changes in monetary policy are very crucial for examining the effects of monetary policy on the economy. Monetary Condition Index (MCI) can be used as a tool to assess the stance of monetary policy. This index is defined as the weighted average of different monetary transmission mechanism relative to their values in a base period. The weights in MC...
متن کاملTERS — Ready or Not ?
microscopy (SPM) for nano-scale imaging with confocal Raman spectroscopy for chemical characterization. Challenges with tip quality, optical alignment, consistency and speed, however, have made the technique difficult and complex. New instrumentation is addressing these challenges, allowing TERS to migrate from pure research to routine laboratory analysis. These systems provide correlated nano-...
متن کاملReady or Not: Predicting High and Low Levels of School Readiness among Teenage Parents’ Children
متن کامل
Ready or not : Kindergarten classroom engagement as an indicator of child school readiness
Children’s preparedness for school is an important predictor of their eventual academic attainment, health, and personal success well into adulthood. Although kindergarten knowledge of numbers and vocabulary represent robust indicators of children’s readiness to learn at school entry, theory and research suggest that selfdirected learning skills are also important in meeting the challenges of t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Central Banking Theory and Practice
سال: 2022
ISSN: ['1800-9581', '2336-9205']
DOI: https://doi.org/10.2478/jcbtp-2022-0002