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Europe: west and east partners in the 2000

By Bruno Sergio Sergi

Abstract

This paper is about a perspective East-West European partnership in a framework of coordinated economic policies, especially monetary policy, and a single monetary authority. The data on inflation and the service sector used to test the degree of convergence of 15 European economies versus Germany show that selected economies in the East are about to attain western standards but eastward enlargement might take place only in case of more structural changes in the East. The Czech Republic, Hungary and Poland are the countries likely to qualify for membership and join soon.Europe, economic integration, monetary policy

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