The euro and European competition in a Finnish perspective
Andrén, Niclas LU
and Oxelheim, Lars
LU
(2002)
In Ekonomiska Samfundets Tidskrift
55(1).
p.5-5
- Abstract
- In this article we analyze what has been achieved by the introduction of the euro in terms of macroeconomic convergence and leveling of competitive conditions among the EMU member countries. In particular, has the convergence in nominal exchange rates resulted in divergence in real exchange and interest rates? And how has Finland fared relative to the EMU members? The answer is that real exchange and interest rates have diverged in the EMU after the introduction of the euro. This divergence is remarkably large in a historical comparison. The Finnish government faces a challenge of forming a policy aimed at dampening the domestic roots of the divergence as well as of influencing the policy-making at the EU-Ievel to avoid making the... (More)
- In this article we analyze what has been achieved by the introduction of the euro in terms of macroeconomic convergence and leveling of competitive conditions among the EMU member countries. In particular, has the convergence in nominal exchange rates resulted in divergence in real exchange and interest rates? And how has Finland fared relative to the EMU members? The answer is that real exchange and interest rates have diverged in the EMU after the introduction of the euro. This divergence is remarkably large in a historical comparison. The Finnish government faces a challenge of forming a policy aimed at dampening the domestic roots of the divergence as well as of influencing the policy-making at the EU-Ievel to avoid making the divergence put the entire EMU at stake. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/893583
- author
- Andrén, Niclas
LU
and Oxelheim, Lars
LU
- organization
- publishing date
- 2002
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Ekonomiska Samfundets Tidskrift
- volume
- 55
- issue
- 1
- pages
- 5 - 5
- publisher
- Ekonomiska samfundet
- external identifiers
-
- wos:000174968400002
- scopus:0036354812
- ISSN
- 0013-3183
- language
- English
- LU publication?
- yes
- id
- 5dd3bdbe-7162-4467-9397-b37f4c8f0f19 (old id 893583)
- alternative location
- http://www.ekonomiskasamfundettidskrift.fi/est/files/est_102.pdf
- date added to LUP
- 2016-04-01 17:06:55
- date last changed
- 2022-02-13 02:48:33
@article{5dd3bdbe-7162-4467-9397-b37f4c8f0f19,
abstract = {{In this article we analyze what has been achieved by the introduction of the euro in terms of macroeconomic convergence and leveling of competitive conditions among the EMU member countries. In particular, has the convergence in nominal exchange rates resulted in divergence in real exchange and interest rates? And how has Finland fared relative to the EMU members? The answer is that real exchange and interest rates have diverged in the EMU after the introduction of the euro. This divergence is remarkably large in a historical comparison. The Finnish government faces a challenge of forming a policy aimed at dampening the domestic roots of the divergence as well as of influencing the policy-making at the EU-Ievel to avoid making the divergence put the entire EMU at stake.}},
author = {{Andrén, Niclas and Oxelheim, Lars}},
issn = {{0013-3183}},
language = {{eng}},
number = {{1}},
pages = {{5--5}},
publisher = {{Ekonomiska samfundet}},
series = {{Ekonomiska Samfundets Tidskrift}},
title = {{The euro and European competition in a Finnish perspective}},
url = {{http://www.ekonomiskasamfundettidskrift.fi/est/files/est_102.pdf}},
volume = {{55}},
year = {{2002}},
}