Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104089
Authors: 
Feist, Holger
Year of Publication: 
2001
Series/Report no.: 
Munich Discussion Paper 2001-4
Abstract: 
In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for example Poland with 12.9 billion euros, Romania with 9.9 billion euros or Hungary with 3.3 billion euros. Correspondingly, the current member countries of the European Union face costs of 35.3 billion euros in total, the biggest part of which has to be borne by Germany.
Subjects: 
European Currency Union
Transition Economies
European Integration
Central Banks
Seigniorage
JEL: 
E58
F33
P33
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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