Document details

Effects of a monetary union on a small peripheral country: Stabilization and competitiveness in Portugal

Author(s): Castro, Henrique Moreira da Silva Oliveira

Date: 2010

Persistent ID:

Origin: Repositório Institucional da UNL

Subject(s): Monetary union; Competitiveness; Current account; Adjustment


The first decade of the 21st century introduced the euro in Portugal. This step towards European integration implied that Portuguese economic authorities lose monetary independence. We investigate the impact of that loss in Portuguese competitiveness through the construction of competitiveness indicators, and on current account dynamics trough a decomposition of the current account. Despite the continuous loss of competitiveness after 1999, empirically we don’t find evidence that the euro is contributing to it. We do find evidence that current account adjustment pattern changed after 1999.

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics

Document Type Master thesis
Language English
Advisor(s) Corado, Maria Cristina
Contributor(s) Castro, Henrique Moreira da Silva Oliveira
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