01905cas a2200277 a 4500 AALejournalIMF020986 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513545073 1018-5941 BD-DhAAL BD-DhAAL Detragiache, Enrica. A European Minimum Wage : Implications for Poverty and Macroeconomic Imbalances / Enrica Detragiache, Christian Ebeke, La-Bhus Fah Jirasavetakul, Koralai Kirabaeva. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits may erode direct benefits. Turning to competitiveness, since the MW increase to reach the European standard would be larger in euro area countries with excessive external surpluses, the associated real appreciation should help curb existing imbalances. However, a few countries with already weak external positions would experience an undesirable real appreciation. Mode of access: Internet Ebeke, Christian. Jirasavetakul, La-Bhus Fah. Kirabaeva, Koralai. IMF Working Papers; Working Paper ; No. 2020/059 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/059/001.2020.issue-059-en.xml IMF e-Library