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EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective

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Author Info
Aykut Kibritcioglu (Ankara University)

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Abstract

As a result of the macroeconomic convergence process in the light of the 1991 Maastricht Treaty, the monetary union between most of the EU countries started on January 1, 1999. Meanwhile, ten formerly eastern block countries and the Southern Section of Cyprus are preparing their economy for a full-membership to the EU while Turkey, as an associate- member of the Union since 1963 and as a part of customs union between Turkey and the EU since 1996, seems to be excluded from the next EU enlargement process. Therefore, this paper mainly intends to discuss the following two interrelated questions: (1) How far is Turkey different than the 11 membership candidate countries and the EU countries in terms of the ten selected macroeconomic indicators (1973-1997)? (2) To what extent will the introduction of the euro affect the balance-of-payments accounts and foreign exchange rates in Turkey? (Version: May 2000)

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Publisher Info
Paper provided by EconWPA in its series Macroeconomics with number 0301004.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 30 pages
Date of creation: 15 Jan 2003
Date of revision: 16 Jan 2003
Handle: RePEc:wpa:wuwpma:0301004

Note: Type of Document - Microsoft Word / Acrobat Reader; prepared on PC; to print on any printer; pages: 30 ; figures: included
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Web page: http://129.3.20.41

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Related research
Keywords: European Union; Economic and Monetary Union; Euro; EU enlargement; Turkey; Central and Eastern European Countries; Cyprus;

Find related papers by JEL classification:
F15 - International Economics - - Trade - - - Economic Integration
F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Stanley Fischer & Ratna Sahay & Carlos A. Végh Gramont, 1998. "How Far is Eastern Europe from Brussels?," IMF Working Papers 98/53, International Monetary Fund.
  2. Norbert Funke & Mike Kennedy, 1997. "International Implications of European Economic and Monetary Union," OECD Economics Department Working Papers 174, OECD, Economics Department. [Downloadable!]
  3. Agnes Benassy-Quere & Amina Lahreche-Revil, 1998. "Pegging the CEEC's Currencies to the Euro," Working Papers 1998-04, CEPII research center. [Downloadable!]
  4. Bekx, P. & Directorate General II - Economic and Financial Affairs, 1998. "The Implications of the Introduction of the Euro for Non-EU Countries," Papers 26, Commission of the EEC - Euro Papers.
  5. Chauffour, J.-P. & Stemissiotis, L. & Directorate General II - Economic and Financial Affairs, 1998. "The Impact of the Euro on Mediterranean Partner Countries," Papers 24, Commission of the EEC - Euro Papers.
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