Arbeitspapier
Assessing the advantages of EMU-enlargement for the EU and the accession countries: a comparative indicator approach
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Kiel Working Paper ; No. 1080
- Classification
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Economic Integration
Open Economy Macroeconomics
- Subject
-
European Monetary Union
exchange rate anchor
convergence
optimum currency area
EU-enlargement
Europäische Wirtschafts- und Währungsunion
EU-Erweiterung
Wirtschaftsindikator
Konvergenzkriterien
Vergleich
Griechenland
Osteuropa
Irland
Portugal
Spanien
- Event
-
Geistige Schöpfung
- (who)
-
Schweickert, Rainer
- Event
-
Veröffentlichung
- (who)
-
Kiel Institute of World Economics (IfW)
- (where)
-
Kiel
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schweickert, Rainer
- Kiel Institute of World Economics (IfW)
Time of origin
- 2001
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