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Assessing the advantages of EMU-enlargement for the EU and the accession countries : a comparative indicator approach

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dc.creator Schweickert, Rainer
dc.date 2001
dc.date.accessioned 2013-10-16T06:11:38Z
dc.date.available 2013-10-16T06:11:38Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2652
dc.identifier ppn:335982611
dc.identifier ppn:335982611
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2652
dc.description The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The general conclusion is that the demand of accession countries for entry into EMU can be supported by looking at the net benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during the transition towards monetary union.
dc.description The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The general conclusion is that the demand of accession countries for entry into EMU can be supported by looking at the net benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during the transition towards monetary union.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kiel Working Papers 1080
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E42
dc.subject F15
dc.subject F41
dc.subject ddc:330
dc.subject EU-enlargement
dc.subject European Monetary Union
dc.subject exchange rate anchor
dc.subject convergence
dc.subject optimum currency area
dc.subject Europäische Wirtschafts- und Währungsunion
dc.subject EU-Erweiterung
dc.subject Wirtschaftsindikator
dc.subject Konvergenzkriterien
dc.subject Vergleich
dc.subject Griechenland
dc.subject Osteuropa
dc.subject Irland
dc.subject Portugal
dc.subject Spanien
dc.title Assessing the advantages of EMU-enlargement for the EU and the accession countries : a comparative indicator approach
dc.type doc-type:workingPaper


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