Structural Reforms and the Enlargement of Monetary Union

Carsten Hefeker

No 270, 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 refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary union will increase their reform efforts. The paper then proceeds to derive the conditions if and when the countries agree to an enlargement of the monetary union.

Keywords: Monetary union; asymmetric shocks; inflation; structural reforms; convergence (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Structural Reforms and the Enlargement of Monetary Union (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_270

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