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EMU and Enlargement

By Barry Eichengreen and Fabio Ghironi

Abstract

In this paper we consider how Europe’s monetary union will evolve in the next five to ten years. We concentrate on what is likely to be the most important change in that period, namely, the increased number and heterogeneity of the participating states. While the current members of the monetary union will almost certainly continue to converge in terms of per capita incomes, it i

Year: 2001
OAI identifier: oai:CiteSeerX.psu:10.1.1.196.414
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