Economic and Monetary Integration in Europe: Evidence on Fiscal and Current Account Effects

Chapter
Part of the Innovation, Technology, and Knowledge Management book series (ITKM, volume 28)

Abstract

Both the economic and monetary aspects of European integration have always been understood to have benefits, as well as costs, for the countries involved. The advantages of freer trade, particularly within Europe, are generally acknowledged to generate benefits that vastly exceed any costs, so the project of European economic integration has almost always been viewed as greatly beneficial, as evidenced by the large number of countries which have wished to be considered as applicants over the years.

Keywords

Europe Income Volatility 

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of IllinoisChicagoUSA

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