Economic, Political, Institutional as well as Social Risks and Opportunities of EMU Enlargement
AbstractThe inclusion on May 1st, 2004 of eight Central and Eastern European Countries (CEEC) into the European Union (EU), and subsequently into the European Monetary Union (EMU) some years later, will cause deep changes within the political, economic, and social settings of the Union as well as in those of the new member countries. This paper’s underlying idea is that the new EU members in Central and Eastern Europe should continue to pursue an economic strategy of real convergence to the economic levels of the "old" member countries as rapidly as possible by securing sustained growth, e.g. by increasing private savings and by reducing the current account deficit. This report will discuss the implications of a "catch-up" strategy and have a look at the economic, political, social and institutional consequences for EMU enlargement.
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Bibliographic InfoPaper provided by Free University Berlin, Jean Monnet Centre of Excellence in its series Eastward Enlargement of the Euro-zone Working Papers with number wp22.
Length: 28 pages
Date of creation: 01 Jun 2004
Date of revision: 01 Jun 2004
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-07-18 (All new papers)
- NEP-EEC-2004-07-18 (European Economics)
- NEP-HIS-2004-07-18 (Business, Economic & Financial History)
- NEP-IFN-2004-07-18 (International Finance)
- NEP-POL-2004-07-18 (Positive Political Economics)
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