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
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	monetary union \| asymmetric shocks \| inflation \| structural reforms \| convergence

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Series:	CESifo Working Paper ; 1057
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	864004842 [GVK] hdl:10419/76534 [Handle] RePec:ces:ceswps:_1057 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010315892