Real Exchange Rates, Structural Reforms and Monetary Union

Artikel

Real Exchange Rates, Structural Reforms and Monetary Union The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in member countries with high and low degrees of distortions. I show that monetary union has asymmetric effects on reform efforts and under what circumstances governments increase their reform efforts. Depending on asymmetries in the degrees of distortions, the stance of monetary policy, and countries' openness, one could expect convergence or divergence in reform efforts. (JEL E61, E63, F33)

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Kredit und Kapital ; ISSN: 1865-5734 ; Volume: 42 ; Year: 2009 ; Issue: 2 ; Pages: 195-212

Classification and Topics

• Classification: Wirtschaft ; Policy Objectives; Policy Designs and Consistency; Policy Coordination ; Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy ; International Monetary Arrangements and Institutions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hefeker, Carsten
• Event: Veröffentlichung
• (who): Duncker & Humblot
• (where): Berlin
• (when): 2009

Further information

• DOI: doi:10.3790/kuk.42.2.195
• Last update: 10.03.2025, 11:41 AM CET