Theoretische Konzepte Zum Europäischen Integrationsprozeß: Ein Aktueller Überblick (Theoretical Concepts for the Process of European Integration: A Current Overview)

IEW Discussion Paper No. 31

63 Pages Posted: 11 Jan 2012

See all articles by Rainer Beckmann

Rainer Beckmann

Deutsche Bundesbank

Wim Kösters

University of Bochum

Markus Neimke

Ruhr University of Bochum

Martin Hebler

Technologiezentrum Wuppertal (W-Tec)

Date Written: January 10, 2000

Abstract

This article provides an overview of major theoretical concepts behind the process of European economic integration. At first, the classic theory of customs unions as formulated by Viner, Meade and others is explained taking also into account factor mobility in a customs union in the move towards a common market. The second part deals with the seminal contributions to monetary integration: the theory of optimum currency areas (OCA) referring to the work of Kenen, Mundell and McKinnon. Advanced approaches of OCA in the form of a broader cost-benefit-analysis in the context of political steps towards a monetary union in Europe and the potential for endogeneity of the OCA criteria are also discussed. Considerations on political economy aspects and fiscal federalism conclude the article.

Note: Downloadable document is in German.

Keywords: economic integration, monetary integration, European Union

JEL Classification: F15, F33

Suggested Citation

Beckmann, Rainer and Kösters, Wim and Neimke, Markus and Hebler, Martin, Theoretische Konzepte Zum Europäischen Integrationsprozeß: Ein Aktueller Überblick (Theoretical Concepts for the Process of European Integration: A Current Overview) (January 10, 2000). IEW Discussion Paper No. 31, Available at SSRN: https://ssrn.com/abstract=1983167 or http://dx.doi.org/10.2139/ssrn.1983167

Rainer Beckmann (Contact Author)

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Wim Kösters

University of Bochum ( email )

Universitätsstraße 150
Bochum, NRW 44780
Germany

Markus Neimke

Ruhr University of Bochum ( email )

Martin Hebler

Technologiezentrum Wuppertal (W-Tec) ( email )

Muengstener Str. 10
42285 Wuppertal
Germany

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