IDEAS home Printed from
   My bibliography  Save this article

Privatization and European Economic and Monetary Union


  • Venilde Jeronimo

    () (Center for Internet Studies, University of Washington)

  • Jose A. Pagan

    (University of Texas-Pan American)

  • Gokce Soydemir

    (University of Texas-Pan American)


To qualify for full membership in the Economic and Monetary Union, member states had to meet strict budget deficit and government debt convergence criteria. This study analyzes whether deficits and indebtedness in the 1990s in Spain, Italy, Portugal and Greece were associated with a shift from privatization as a tool of economic restructuring, to privatization as a tool of European monetary convergence. The empirical results suggests that privatization funds accruing from the sale of state-owned enterprises in the Southern European countries might have been used to tackle budget deficits and meet the stringent criteria for monetary integration.

Suggested Citation

  • Venilde Jeronimo & Jose A. Pagan & Gokce Soydemir, 2000. "Privatization and European Economic and Monetary Union," Eastern Economic Journal, Eastern Economic Association, vol. 26(3), pages 321-333, Summer.
  • Handle: RePEc:eej:eeconj:v:26:y:2000:i:3:p:321-333

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Ansgar Belke & Friedrich Schneider, 2003. "Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 229/2003, Department of Economics, University of Hohenheim, Germany.
    2. repec:ces:ifodic:v:3:y:2005:i:1:p:14567530 is not listed on IDEAS
    3. AnsgarBelke & FriedrichSchneider, 2005. "Privatisation in Austria: Response to Internal and External Pressures," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 3(01), pages 26-32, April.

    More about this item


    Monetary Union; Privatization;

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • F15 - International Economics - - Trade - - - Economic Integration


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:26:y:2000:i:3:p:321-333. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.