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 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 union will increase their reform efforts. The paper then proceeds to derive the conditions if and when the countries agree to an enlargement of the monetary union.

MoreLess

Year of publication:	2000
Authors:	Hefeker, Carsten
Institutions:	CESifo
Subject:	Monetary union \| asymmetric shocks \| inflation \| structural reforms \| convergence

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 270
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005196338