
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 |
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Keywords: | European Currency Union ; Transition Economies ; European Integration ; Central Banks ; Seigniorage |
Faculties: | Economics Economics > Munich Discussion Papers in Economics Economics > Munich Discussion Papers in Economics > Money Economics > Munich Discussion Papers in Economics > Financial Markets Economics > Munich 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 |
Item ID: | 16 |
Date Deposited: | 13. Apr 2005 |
Last Modified: | 08. Nov 2020, 11:09 |