Who Gains (relatively) from Monetary Union? An Estimate of Relative Net Benefits For EU 15 Member States
AbstractThe paper adresses the issue of the distrbution by country of the costs and benefits associated to the introduction of a single currency in Europe, by estimating the relative costs and benefits of the 15 member state through the use of exploratory multivariate statistical techniques. Our results indicate an uneven distribution of the potential relative costs and benefits across the EU member states. Moreover, we find that not all the characteristics identified as relevant by the optimum currency area literature are equally important in shaping the net outcome of the move to the single currency.
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Bibliographic InfoPaper provided by Exeter University, Department of Economics in its series Discussion Papers with number 9713.
Length: 33 pages
Date of creation: 1997
Date of revision:
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MONETARY POLICY ; BANKS ; EUROPE;
Find related papers by JEL classification:
- E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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