EMU and the Developing Countries

Benjamin J. Cohen

No wp-2000-177, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries. In strictly economic terms, influences will be communicated through both trade and financial channels. Economies in the developing world will be affected by changes in European growth rates as well as by EMU's impact on transactions costs and enterprise competitiveness within Europe; they will also be impacted by changes in the structure and efficiency of Europe's capital markets.

Keywords: Foreign exchange; International economic relations; International finance; International relations; International trade (search for similar items in EconPapers)
Date: 2000
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