 The Enlargement Challenge: Can Monetary Union be Made to Work in an EU of 25 Members?Department of Economics, Working Paper Series from Department of Economics, Institute for Business and Economic Research, 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) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cdl:econwp:qt38d2r4z1 Access Statistics for this paper More papers in Department of Economics, Working Paper Series from Department of Economics, Institute for Business and Economic Research, UC Berkeley Contact information at EDIRC. |
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