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The process of monetary integration in Europe began amid widespread skepticism among economists about the project. But today the success of the euro has prompted a reconsideration of whether monetary unions should be implemented elsewhere. This CESifo volume assesses contemporary theoretical and...
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European new EU member states. Based on a Balassa-Samuelson model of productivity driven inflation, it finds a high probability …
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policies in the monetary union. Furthermore, the choice for a new EU Member State to enter EMU will also depend on the monetary …
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