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oapen-20.500.12657-270982022-04-26T12:35:16Z Real Convergence in the European Union Schmidt, Christian Analysis Convergence Empirical European Real Schmidt Union bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCA Economic theory & philosophy bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCB Macroeconomics::KCBM Monetary economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCG Economic growth Over the next couple of years, the European Union will face a difficult stage, being confronted with the eventual transition to a monetary union. In the beginning of 1997, it is less clear than ever, if and when the European Monetary Union will eventually be realized, which countries will join in this process, and which countries will benefit from monetary union or are likely to loose out. Using econometric methods, the work attempts to assess the real economic effects of the European Monetary Union. In a first step, differences in labor and goods market adjustment processes between the fifteen member states of the European Union, the United States and Canada are studied in order to evaluate the short-term prospects of monetary union. Turning to the long-run effects, within a second step, convergence of living standards is assessed. 2019-01-10 23:55 2018-12-01 23:55:55 2020-01-13 14:45:48 2020-04-01T11:41:22Z 2020-04-01T11:41:22Z 2018 book 1002929 OCN: 1083019910 9783631750056 http://library.oapen.org/handle/20.500.12657/27098 eng Schriften zur Wirtschaftstheorie und Wirtschaftspolitik application/pdf n/a 1002929.pdf Peter Lang International Academic Publishers 10.3726/b13565 10.3726/b13565 e927e604-2954-4bf6-826b-d5ecb47c6555 9783631750056 8 172 Bern open access
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Over the next couple of years, the European Union will face a difficult stage, being confronted with the eventual transition to a monetary union. In the beginning of 1997, it is less clear than ever, if and when the European Monetary Union will eventually be realized, which countries will join in this process, and which countries will benefit from monetary union or are likely to loose out. Using econometric methods, the work attempts to assess the real economic effects of the European Monetary Union. In a first step, differences in labor and goods market adjustment processes between the fifteen member states of the European Union, the United States and Canada are studied in order to evaluate the short-term prospects of monetary union. Turning to the long-run effects, within a second step, convergence of living standards is assessed.
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