Author(s): Castro, Henrique Moreira da Silva de Oliveira
Date: 2010
Persistent ID: http://hdl.handle.net/10362/206118
Origin: Repositório Institucional da UNL
Subject(s): Monetary Union; Competitiveness; Current account; adjustment
Document details
Effects of a monetary union on a small peripheral country: stabilization and competitiveness in Portugal
Description
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.
Document Type
Master thesis
Language English
Contributor(s) RUN; Corado, Maria Cristina
CC Licence
Language English
Contributor(s) RUN; Corado, Maria Cristina
CC Licence
