EU Enlargement and the EMU

EU Enlargement: The New Member States and Agricultural Trade Potentials

Assessing the Advantages of EMU-Enlargement for the EU and the Accession Countries: A Comparative Indicator Approach

The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and optimality in comparison with a reference group of the four EMU-member countries Greece, Ireland, Portugal, and Spain. The general conclusion is that the d...

Varieties , Jobs and EU Enlargement

Two key factors that have so far allowed fast growing economies of central and eastern Europe to cope with their external constraint have been i) the presence of relatively low unit labour costs and ii) the initial undervaluation of the exchange rate. The accession to the EU will inevitably reduce both sources of competitiveness of eastern European exports: real wages are likely to catch-up wes...

eu enlargement: the new member states and agricultural trade potentials

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The trade and FDI effects of EMU enlargement

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. Intuitively, the implementation of a single currency for these countries means replacing several fluctuating currencies by a common currency. This gives rise to both “level” and “risk” effects of r...