The Enlargement of the European Union and the Redistribution Of
Seigniorage Wealth

Feist, Holger

doi:10.2139/ssrn.263117

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The Enlargement of the European Union and the Redistribution Of Seigniorage Wealth

19 Pages Posted: 21 Mar 2001

See all articles by Holger Feist

Holger Feist

Princeton University - Princeton School of Public and International Affairs; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: January 2001

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.

JEL Classification: E58, F33, P33

Suggested Citation: Suggested Citation

Feist, Holger, The Enlargement of the European Union and the Redistribution Of Seigniorage Wealth (January 2001). Available at SSRN: https://ssrn.com/abstract=263117 or http://dx.doi.org/10.2139/ssrn.263117