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Growth Effects of “Heterogeneous” Economic Integration: the Example of EMU Enlargement

Author

Listed:
  • Wagner, Helmut

    (University of Hagen)

Abstract

At present, the European Union (EU) is facing the biggest round of enlargement in its history. Many of the EU accession countries, which are less developed than the incumbents, will seek accession to the European Monetary Union (EMU) soon after the required two-year qualifying period. This is justified by the effort to avoid the danger of financial instability in the period prior to euro-introduction. However, by trying to avoid this danger, some of them may run into another danger, namely of a lack of real convergence. The paper investigates this

Suggested Citation

  • Wagner, Helmut, 2002. "Growth Effects of “Heterogeneous” Economic Integration: the Example of EMU Enlargement," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 17, pages 623-649.
    • Handle: RePEc:ris:integr:0212
    as

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    Citations

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    Cited by:

    1. Helmut Wagner, 2005. "Globalization and financial instability: Challenges for exchange rate and monetary policy," International Journal of Social Economics, Emerald Group Publishing, vol. 32(7), pages 616-638, July.
    2. Helmut Wagner & Wolfram Berger, 2004. "Globalization, Financial Volatility and Monetary Policy," Economic Change and Restructuring, Springer, vol. 31(2), pages 163-184, June.

    More about this item

    Keywords

    Economic Integration; Monetary Integration; European Integration; Transition Economies; Convergence;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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