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the eurozone. …
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The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
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disparities among the 12 Western European member countries. In fact, incomes per capita between Southern and Northern Eurozone … members have diverged since the Eurozone was created, in contrast to earlier trends which had seen rapid convergence in living … Eastern European countries (Estonia, Latvia, Lithuania, Slovakia and Slovenia) which joined the Eurozone between 2007 and 2015 …
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