Structural Reforms and the Enlargement of Monetary Union

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the monetary union will increase their reform efforts. The paper also derives the conditions under which countries agree to an enlargement of monetary union.

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Year of publication:	2003
Authors:	Hefeker, Carsten
Institutions:	CESifo
Subject:	monetary union \| asymmetric shocks \| inflation \| structural reforms \| convergence

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1057
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005405838