Structural Reforms and the Enlargement of Monetary Union

Carsten Hefeker

No 1057, CESifo Working Paper Series from CESifo

Abstract: The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the monetary union will increase their reform efforts. The paper also derives the conditions under which countries agree to an enlargement of monetary union.

Keywords: monetary union; asymmetric shocks; inflation; structural reforms; convergence (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-ifn
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Working Paper: Structural Reforms and the Enlargement of Monetary Union (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_1057

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