| Feist, Holger (2001): The Enlargement of the European Union and the Redistribution of Seigniorage Wealth. Discussion Papers in Economics 2001-4 |
|
64Kb |
Abstract
In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for example Poland with 12.9 billion euros, Romania with 9.9 billion euros or Hungary with 3.3 billion euros. Correspondingly, the current member countries of the European Union face costs of 35.3 billion euros in total, the biggest part of which has to be borne by Germany.
| Item Type: | Paper (Discussion Paper) |
|---|---|
| Keywords: | European Currency Union ; Transition Economies ; European Integration ; Central Banks ; Seigniorage |
| Collections: | Economics Economics > Discussion Papers in Economics Economics > Discussion Papers in Economics > Money Economics > Discussion Papers in Economics > Financial Markets Economics > Discussion Papers in Economics > International Trade |
| Subjects: | 300 Social sciences > 300 Social sciences, sociology and anthropology 300 Social sciences > 330 Economics |
| JEL Classification: | E58, F33, P33 |
| URN: | urn:nbn:de:bvb:19-epub-16-5 |
| Language: | English |
| ID Code: | 16 |
| Deposited On: | 13. Apr 2005 |
| Last Modified: | 25. May 2012 11:09 |
Repository Staff Only: item control page