Grimm, Oliver; Ried, Stefan - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2007
countries participating in the European
Monetary Union (EMU) are far from being homogeneous. Both, the differentials of
output … the union unless they decide to cooperate. As a sim-
ple illustration relating to the European Monetary Union (EMU), the … corresponds to the
joint cooperation case in our model, which will be introduced later.
However, EMU national governments and the …