Year: 2003
Author: Maier, Philipp, Hendrikx, Maarten
Credit and Capital Markets – Kredit und Kapital, Vol. 36 (2003), Iss. 2 : pp. 137–166
Abstract
In this paper we investigate the implications of EMU enlargement from a political economy perspective. We argue that a high degree of convergence of the candidate countries prior to EMU accession is an important requisite. Otherwise, as a result of a sharp increase in economic dispersion, public support for European monetary policy is likely to decrease, and external pressure on the European Central Bank will mount. (JEL E 58, E 50, D 78)
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.36.2.137
Credit and Capital Markets – Kredit und Kapital, Vol. 36 (2003), Iss. 2 : pp. 137–166
Published online: 2003-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 30
Author Details
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