IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpma/0301004.html

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

Author

Listed:
  • Aykut Kibritcioglu

    (Ankara University)

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)

Suggested Citation

  • Aykut Kibritcioglu, 2003. "EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective," Macroeconomics 0301004, University Library of Munich, Germany, revised 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
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0301/0301004.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ms. Ratna Sahay & Mr. Carlos A. Végh Gramont & Mr. Stanley Fischer, 1998. "How Far Is Eastern Europe from Brussels?," IMF Working Papers 1998/053, International Monetary Fund.
    2. Yavuz EGE, 1998. "Euro''Nun Diş Ticaretimiz Üzerine Muhtemel Etkileri," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 13(147), pages 7-11.
    3. Agnès Bénassy-Quéré & Amina Lahrèche-Revil, 1998. "Pegging the CEECs Currencies to the Euro," Working Papers 1998-04, CEPII research center.
    4. Mr. Robert A Feldman & Heliodoro Temprano-Arroyo, 1998. "Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations," IMF Working Papers 1998/082, International Monetary Fund.
    5. Norbert Funke & Mike Kennedy, 1997. "International Implications of European Economic and Monetary Union," OECD Economics Department Working Papers 174, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. 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 in the Perspective of Copenhagen Criteria]," MPRA Paper 25859, University Library of Munich, Germany.
    2. Aykut Kibritcioglu, 2005. "On the Effects of the Introduction of Euro on Turkish Economy [in Turkish]," International Trade 0505006, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rossi, Sergio, 2004. "The enlargement of the euro area: what lessons can be learned from EMU?," Journal of Asian Economics, Elsevier, vol. 14(6), pages 947-970, January.
    2. French-German Economic Forum, 1999. "Reduction of Working Time," Working Papers 1999-13, CEPII research center.
    3. Lefebvre, Dominique, 1997. "Euro Internationalization," MPRA Paper 89353, University Library of Munich, Germany.
    4. Crafts, Nicholas & Toniolo, Gianni, 2008. "European Economic Growth, 1950-2005: An Overview," CEPR Discussion Papers 6863, Centre for Economic Policy Research.
    5. Kaminski, Bartlomiej, 2006. "Bulgaria's institutions and policies : integrating into Pan-European markets," Policy Research Working Paper Series 3864, The World Bank.
    6. Dvorsky, Sandra, 2000. "Measuring central bank independence in selected transition countries and the disinflation process," BOFIT Discussion Papers 13/2000, Bank of Finland, Institute for Economies in Transition.
    7. Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian T. & Siegel, Stephan, 2013. "The European Union, the Euro, and equity market integration," Journal of Financial Economics, Elsevier, vol. 109(3), pages 583-603.
    8. Mehrotra, Aaron N. & Peltonen, Tuomas A., 2005. "Socio-economic development and fiscal policy: lessons from the cohesion countries for the new member states," Working Paper Series 467, European Central Bank.
    9. Torbjörn Becker & Anders Olofsgård, 2018. "From abnormal to normal : Two tales of growth from 25 years of transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(4), pages 769-800, October.
    10. Boone, Laurence & Maurel, Mathilde, 1998. "Economic Convergence of the CEECs with the EU," CEPR Discussion Papers 2018, Centre for Economic Policy Research.
    11. Agnès Bénassy-Quéré & Benoît Mojon & Armand-Denis Schor, 1998. "The International Role of the Euro," Working Papers 1998-03, CEPII research center.
    12. Page, William, 2003. "Germany's Mezzogiorno revisited: Institutions, fiscal transfers and regional convergence," Research Notes 9, Deutsche Bank Research.
    13. Fidrmuc, Jan, 2003. "Economic reform, democracy and growth during post-communist transition," European Journal of Political Economy, Elsevier, vol. 19(3), pages 583-604, September.
    14. Mehrotra, Aaron, 2006. "Essays on empirical macroeconomics," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2006_034, December.
    15. J. Gacs, 2000. "Macroeconomic Developments in Hungary and the Accession Process," Working Papers ir00013, International Institute for Applied Systems Analysis.
    16. Laurence Boone & Mathilde Maurel, 2001. "Pegging the CEECs Exchange Rates to the Euro," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 77-89.
    17. Sels, A.T.H., 2006. "Foreign direct investment as an entry mode. An application in emerging economies," Other publications TiSEM 583ca9b5-1691-425d-8f77-0, Tilburg University, School of Economics and Management.
    18. Cooper, Richard N., 1999. "Key Currencies After the Euro," Scholarly Articles 15754030, Harvard University Department of Economics.
    19. Rumen Dobrinsky, 2003. "Convergence in Per Capita Income Levels, Productivity Dynamics and Real Exchange Rates in the EU Acceding Countries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 30(3), pages 305-334, September.
    20. Nathalie Avallone & Amina Lahrèche-Révil, 1999. "Le taux de change réel d’équilibre dans les pays en transition : le cas de la Hongrie," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03598288, HAL.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    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:wpa:wuwpma:0301004. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: EconWPA The email address of this maintainer does not seem to be valid anymore. Please ask EconWPA to update the entry or send us the correct address (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.