Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75596
Authors: 
Hefeker, Carsten
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper 270
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.
Subjects: 
Monetary union
asymmetric shocks
inflation
structural reforms
convergence
Document Type: 
Working Paper

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