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EU Enlargement and the Euro? One Money for All the Europes?

Author

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  • Schweickert, Rainer

    (Kiel Institute of World Economics)

Abstract

The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The general conclusion is that the demand of accession countries for entry into The EMU can be supported by looking at the net benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during the transition towards monetary union.

Suggested Citation

  • Schweickert, Rainer, 2001. "EU Enlargement and the Euro? One Money for All the Europes?," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 5(2), pages 79-109, December.
    • Handle: RePEc:ris:eaerev:0236
    DOI: 10.11644/KIEP.JEAI.2001.5.2.83
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    Citations

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    Cited by:

    1. Langhammer, Rolf J. & Schweickert, Rainer, 2006. "EU integration and its implications for Asian economies: What we know and what not," Kiel Working Papers 1264, Kiel Institute for the World Economy (IfW Kiel).
    2. Gern, Klaus-Jürgen & Hammermann, Felix & Schweickert, Rainer & Vinhas de Souza, Lúcio, 2004. "European monetary integration after EU enlargement," Kiel Discussion Papers 413, Kiel Institute for the World Economy (IfW Kiel).
    3. Langhammer, Rolf J. & Schweickert, Rainer, 2006. "EU integration and its implications for Asian economies: What we do and do not know," Journal of Asian Economics, Elsevier, vol. 17(3), pages 395-416, June.

    More about this item

    Keywords

    Monetary Integration; European Union; Optimum Currency Areas; Maastricht Criteria;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

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