The Enlargement Challenge: Can Monetary Union be Made to Work in an EU of 25 Members?

Barry Eichengreen

Institute of European Studies, Working Paper Series from Institute of European Studies, UC Berkeley

Abstract: This lecture considers how Europe’s monetary union will evolve in the next five to ten years. It concentrates on what is likely to be the most important change in that period, namely, the increasing number and heterogeneity of participating states. By 2006, less than four years from now, it is virtually certain that EMU will be enlarged to include a number of Eastern European countries that have not yet been admitted to the EU itself. These new members will differ sharply from the incumbents in terms of their economic structures, their per capita incomes, and their growth rates. The analysis focuses on the implications of this momentous change for the structure, organization and operation of EMU.

Keywords: comparative; conferences; economy; euro; finance; integration; international; occasional papers (search for similar items in EconPapers)
Date: 2002-02-01
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Related works:
Journal Article: The Enlargement Challenge: Can Monetary Union Be Made to Work in an EU of 25 Members? (2002)
Working Paper: The Enlargement Challenge: Can Monetary Union be Made to Work in an EU of 25 Members? (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:bineur:qt38d2r4z1

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