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Assessing the advantages of EMU-enlargement for the EU and the accession countries: a comparative indicator approach

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  • Schweickert, Rainer

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 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. "Assessing the advantages of EMU-enlargement for the EU and the accession countries: a comparative indicator approach," Kiel Working Papers 1080, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1080
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    References listed on IDEAS

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    Cited by:

    1. Svetla Boneva, 2003. "The set of tools for evaluation of expenses on and benefits from the expansion of the European Union to the East," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 79-108.
    2. Horvath, Roman & Komarek, Lubos, "undated". "Optimum Currency Area Theory: A Framework for Discussion about Monetary Integration," Economic Research Papers 269478, University of Warwick - Department of Economics.
    3. Carlos Vieira & Isabel Vieira, 2012. "Assessing The Endogeneity Of Oca Conditions In Emu," Manchester School, University of Manchester, vol. 80, pages 77-91, September.
    4. repec:ezo:ezppap:wp08 is not listed on IDEAS
    5. Marcel Ševela, 2005. "Development of convergence in foreign trade of the new EU-members [Vývoj konvergence zahraničního obchodu nových členů EU]," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 53(3), pages 195-204.
    6. repec:bla:jcmkts:v:48:y:2010:i::p:1391-1408 is not listed on IDEAS
    7. Philipp Maier & Maarten Hendrikx, 2002. "Implications of EMU enlargement for European monetary policy: A political economy view," Macroeconomics 0207007, University Library of Munich, Germany.

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    More about this item

    Keywords

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    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F15 - International Economics - - Trade - - - Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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