EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective
AbstractAs 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)
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0301004.
Length: 30 pages
Date of creation: 15 Jan 2003
Date of revision: 16 Jan 2003
Note: Type of Document - Microsoft Word / Acrobat Reader; prepared on PC; to print on any printer; pages: 30 ; figures: included
Contact details of provider:
Web page: http://188.8.131.52
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:
- NEP-ALL-2003-01-19 (All new papers)
- NEP-EEC-2003-01-19 (European Economics)
- NEP-IFN-2003-01-19 (International Finance)
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.:
- 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.
- 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.
- Agnès Bénassy-Quéré & Amina Lahrèche-Revil, 1998. "Pegging the CEECs Currencies to the Euro," Working Papers 1998-04, CEPII research center.
- Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1998.
"How far is Eastern Europe from Brussels?,"
20059, University Library of Munich, Germany.
- Norbert Funke & Mike Kennedy, 1997. "International Implications of European Economic and Monetary Union," OECD Economics Department Working Papers 174, OECD Publishing.
- Aykut Kibritcioglu, 2005. "On the Effects of the Introduction of Euro on Turkish Economy [in Turkish]," International Trade 0505006, EconWPA.
- Ari, Ali, 2006.
"L’Adhésion de la Turquie à l’Union Européenne: Une Evaluation Macroéconomique dans la Perspective des Critères de Copenhague
[The Turkish Membership to the EU: A Macroeconomic Evaluation i," MPRA Paper 25859, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.