The Impact of the Euro on Mediterranean Partner Countries
AbstractThe 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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Bibliographic InfoPaper 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:
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Postal: The Directorate-General for Economic and Financial Affairs, Commission of the European Communities, 200 rue de la Loi, 1049 Brussels, Belgium. Maintainer-Name: Thomas Krichel
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Web page: http://ec.europa.eu/economy_finance/
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MONETARY AREAS ; ECONOMIC INTEGRATION ; EUROPE;
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- F15 - International Economics - - Trade - - - Economic Integration
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- Aykut Kibritcioglu, 2003. "EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective," Macroeconomics 0301004, EconWPA, revised 16 Jan 2003.
- Hartmann, Philipp, 1998. "The Currency Denomination of World Trade after European Monetary Union," Journal of the Japanese and International Economies, Elsevier, vol. 12(4), pages 424-454, December.
- Giorgio Gomel, 2001. "Implications of the Euro for International Monetary Relations: A Pole of Attraction in Europe and in the Mediterranean Basin," EUI-RSCAS Working Papers 34, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
- Honohan, Patrick & Lane, Philip R, 1999.
"Pegging to the Dollar and the Euro,"
Wiley Blackwell, vol. 2(3), pages 379-410, November.
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