Bibliograph

Real Convergence in the European Union, An Empirical Analysis, Thomas Straubhaar, Christian Schmidt

Type

Label

Real Convergence in the European Union, An Empirical Analysis, Thomas Straubhaar, Christian Schmidt

Language

eng

Literary Form

non fiction

Main title

Real Convergence in the European Union

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

1080488457

Responsibility statement

Thomas Straubhaar, Christian Schmidt

Series statement

Open Access e-Books

Sub title

An Empirical Analysis

Summary

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.--, Provided by publisher

Contributor