Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75794
Authors: 
Feist, Holger
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper 408
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
Document Type: 
Working Paper

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