Implications of EMU enlargement for European monetary policy: A political economy view
In this paper we investigate the implications of EMU enlargement from a political economy perspective. We argue that a high degree of convergence of the candidate countries prior to EMU accession is an important req-uisite. Otherwise, as a result of a sharp increase in economic dispersion, public support for European monetary policy is likely to decrease, and external pressure on the European Central Bank will mount.
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|Date of creation:||13 Aug 2002|
|Date of revision:|
|Note:||Type of Document - PDF; prepared on PC; pages: 22; figures: included|
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