Open AccessEurope: west and east partners in the 2000
Author(s) -
Bruno S. Sergi
Publication year - 1999
Publication title -
prague economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.233
H-Index - 17
eISSN - 2336-730X
pISSN - 1210-0455
DOI - 10.18267/j.pep.60
Subject(s) - czech , resizing , general partnership , convergence (economics) , inflation (cosmology) , east asia , economy , monetary policy , political science , international trade , international economics , economics , european union , economic growth , china , macroeconomics , philosophy , linguistics , physics , theoretical physics , law
This paper is about a perspective East-West European partnership in a framework of coordinated economic policies, especially monetary policy, and a single monetary authority. The data on inflation and the service sector used to test the degree of convergence of 15 European economies versus Germany show that selected economies in the East are about to attain western standards but eastward enlargement might take place only in case of more structural changes in the East. The Czech Republic, Hungary and Poland are the countries likely to qualify for membership and join soon.