Who Gains (relatively) from Monetary Union? An Estimate of Relative Net Benefits For EU 15 Member States

A-M. Porojan

Discussion Papers from University of Exeter, Department of Economics

Abstract: The paper adresses the issue of the distrbution by country of the costs and benefits associated to the introduction of a single currency in Europe, by estimating the relative costs and benefits of the 15 member state through the use of exploratory multivariate statistical techniques. Our results indicate an uneven distribution of the potential relative costs and benefits across the EU member states. Moreover, we find that not all the characteristics identified as relevant by the optimum currency area literature are equally important in shaping the net outcome of the move to the single currency.

Keywords: MONETARY POLICY; BANKS; EUROPE (search for similar items in EconPapers)
JEL-codes: E19 E50 O52 (search for similar items in EconPapers)
Pages: 33 pages
Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:exe:wpaper:9713

Access Statistics for this paper

More papers in Discussion Papers from University of Exeter, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sebastian Kripfganz ().