Chauffour, J.-P. Stemissiotis, L. Directorate General II - Economic and Financial Affairs
Abstract
The paper discusses the impact of EMU on the 12 Mediterranean partner countries. It argues that the introduction of the euro is likely to have a positive, albeit limited, impact on the region. The Mediterranean partners will benefit from a more predictable and transparent external environment that will allow them to better exploit their comparative advantage in the long run. They will also benefit from stronger-than-otherwise output growth in Europe, as well as a potentially more competitive source of external financing.
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Publisher Info
Paper provided by Commission of the EEC - Euro Papers in its series Papers with number
24.
Length: 29 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:eecero:24
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