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The Enlargement of the European Union and the Redistribution of Seigniorage Wealth (2001)

Feist, Holger

Oxford UK and Boston, USA : Blackwell Publishers Ltd.

Kyklos 54 (2001), S. 0

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ISSN: 1467-6435

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Sociology , Economics

Notes: 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.I am grateful to Mirja Bopst, Ulrich Hange, Hans-Werner Sinn, as well as the editors of this journal and their referees for helpful comments.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/1467-6435.00168

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