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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/2652| Title: | Assessing the advantages of EMU-enlargement for the EU and the accession countries : a comparative indicator approach |
| Keywords: | E42 F15 F41 ddc:330 EU-enlargement European Monetary Union exchange rate anchor convergence optimum currency area Europäische Wirtschafts- und Währungsunion EU-Erweiterung Wirtschaftsindikator Konvergenzkriterien Vergleich Griechenland Osteuropa Irland Portugal Spanien |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| 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. 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/2652 |
| Other Identifiers: | http://hdl.handle.net/10419/2652 ppn:335982611 ppn:335982611 |
| Appears in Collections: | EconStor |
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