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Theoretische Konzepte zum Europäischen Integrationsprozeß: Ein aktueller Überblick
[Theoretical concepts for the process of European integration: A current overview]

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Author Info

  • Beckmann, Rainer
  • Hebler, Martin
  • Kösters, Wim
  • Neimke, Markus

Abstract

This article provides an overview of major theoretical concepts behind the process of European economic integration. At first, the classic theory of customs unions as formulated by Viner, Meade and others is explained taking also into account factor mobility in a customs union in the move towards a common market. The second part deals with the seminal contributions to monetary integration: the theory of optimum currency areas (OCA) referring to the work of Kenen, Mundell and McKinnon. Advanced approaches of OCA in the form of a broader cost-benefit-analysis in the context of political steps towards a monetary union in Europe and the potential for endogeneity of the OCA criteria are also discussed. Considerations on political economy aspects and fiscal federalism conclude the article.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 35703.

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Date of creation: Jan 2000
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Handle: RePEc:pra:mprapa:35703

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Keywords: economic integration; monetary integration; European Union;

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References

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Citations

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Cited by:
  1. Niebuhr, Annekatrin & Stiller, Silvia, 2002. "Integration effects in border regions - a survey of economic theory and empirical studies," ERSA conference papers ersa02p066, European Regional Science Association.
  2. Beckmann, Rainer & Eppendorfer, Carsten & Neimke, Markus, 2002. "Deepening European Financial Integration: Theoretical Considerations and Empirical Evaluation of Growth and Employment Benefits," MPRA Paper 5272, University Library of Munich, Germany.
  3. Beckmann, Rainer & Eppendorfer, Carsten & Neimke, Markus, 2002. "Financial integration within the European Union: Towards a single market for insurance," MPRA Paper 5280, University Library of Munich, Germany.

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