Real Convergence in the European Union: An Empirical Analysis

Real Convergence in the European Union: An Empirical Analysis

by Christian Schmidt


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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.

Product Details

ISBN-13: 9783631321225
Publisher: Lang, Peter Publishing, Incorporated
Publication date: 01/01/1997
Series: Schriften Zur Wirtschaftstheorie Und Wirtschaftspolitik Series , #8
Pages: 172
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

About the Author

The Author: Christian Schmidt studied Economics at the University of Freiburg and at Wayne State University in Detroit. After participating in the Advanced Studies Program in International Economic Policy Research at the Kiel Institute of World Economics he began his work on this dissertation as a participant of the Europa-Kolleg in Hamburg in 1993.

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