Some shocking aspects of EMU enlargement

Arbeitspapier

This paper uses a structural vector autoregression to examine differences in demand and supply shocks and the response to these shocks between EMU member countries and three other groups of countries. The first group includes non-EMU EU countries, the second group EFTA countries and the third group central and eastern European countries which seek EU membership over the next years. Our results suggest that, so far, EMU enlargement towards central and eastern European countries would involve significantly higher costs than EMU enlargement towards countries of the other two groups.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Research Notes ; No. 99-4

Classification and Topics

• Classification: Wirtschaft ; International Monetary Arrangements and Institutions
• Subject: European Monetary Integration ; International Monetary Arrangements and Institutions ; Europäische Wirtschafts- und Währungsunion ; Schock ; Wirtschaftliche Anpassung ; Soziale Kosten ; EU-Erweiterung ; Schätzung ; EU-Staaten ; EFTA-Staaten ; Ostmitteleuropa

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Frenkel, Michael ; Nickel, Christiane ; Schmidt, Günter
• Event: Veröffentlichung
• (who): Deutsche Bank Research
• (where): Frankfurt a. M.
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/40260
• Last update: 10.03.2025, 11:45 AM CET