Growth Effects of “Heterogeneous” Economic Integration: the Example of EMU Enlargement

Helmut Wagner ()
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Helmut Wagner: University of Hagen, Postal: the Department of Economics, University of Hagen, P.O.Box 940, 58084 Hagen, Germany

Journal of Economic Integration, 2002, vol. 17, 623-649

Abstract:

At present, the European Union (EU) is facing the biggest round of enlargement in its history. Many of the EU accession countries, which are less developed than the incumbents, will seek accession to the European Monetary Union (EMU) soon after the required two-year qualifying period. This is justified by the effort to avoid the danger of financial instability in the period prior to euro-introduction. However, by trying to avoid this danger, some of them may run into another danger, namely of a lack of real convergence. The paper investigates this

Keywords: Economic Integration; Monetary Integration; European Integration; Transition Economies; Convergence (search for similar items in EconPapers)
JEL-codes: F02 O49 P20 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0212

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