EMU and the Cohesion Process
AbstractThis paper studies the impact of economic and monetary union on the cohesion process, and specifically on the four cohesion countries - Greece, Spain, Portugal and Ireland. Trade integration, or economic union, is judged likely to promote cohesion. Monetary union has more ambiguous effects. The cohesion countries stand to gain more than the core in terms of real interest rate reductions, macroeconomic stability and development of the financial system.
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Bibliographic InfoPaper provided by College Dublin, Department of Political Economy- in its series Papers with number 98/11.
Length: 18 pages
Date of creation: 1998
Date of revision:
Contact details of provider:
Postal: Ireland; University College Dublin, Department of Political Economy, Centre for Economic Research, Belfield, Dublin 4
Fax: +353-1-283 0068
Web page: http://www.ucd.ie/economics/
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MONETARY AREAS ; EUROPE ; TRADE;
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- F15 - International Economics - - Trade - - - Economic Integration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
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