Monetary Union , Entry Conditions and Economic Reform

  title={Monetary Union , Entry Conditions and Economic Reform},
  author={F. Gulcin Ozkan},
This paper models the behaviour of a potential entrant into a monetary union where there is an inflation entry condition. In addition to making a monetary policy decision during a qualifying period, the potential entrant must make a decision about structural reform. The paper shows that the entry condition can have two undesirable effects. First, it can… CONTINUE READING

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