Title Adopting the euro in central Europe : challenges of the next step in European integration / Susan Schadler [and others]

Published Washington, D.C. : International Monetary Fund, 2005

Click on the following:
IMF eLibrary

Copies

Description 1 online resource Series Occasional Papers ; no. 234 Occasional paper (International Monetary Fund) ; no. 234. Contents Overview and policy conclusions -- Assessing the long-run benefits of Euro adoption -- Long-term costs of losing monetary policy -- What do the CECs bring to Euro adoption? -- Vulnerabilities during Euro adoption -- Institutional arrangements for entering ERM2 and adopting the Euro -- Strategies for Euro adoption Summary Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro will entail major economic change. This paper examines likely economic developments and policy challenges for the five former transition countries in central Europe--the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia--that joined the European Union in May 2004 and operate under independent monetary policies but have not yet achieved policy convergence with the rest of the euro area Bibliography Includes bibliographical references (pages 126-133) Notes Online resource; title from pdf title page (IMF, viewed July 23, 2015) Subject Economic and Monetary Union. SUBJECT Economic and Monetary Union fast Subject Euro -- Europe, Central Monetary policy -- Europe, Central BUSINESS and ECONOMICS -- Finance. Euro International economic integration Monetary policy SUBJECT Europe, Central -- Economic integration Subject Central Europe Form Electronic book Author Schadler, Susan, author Drummond, Paulo Flavio Nacif Kuijs, Louis Murgasova, Zuzana Elkan, Rachel van International Monetary Fund. ISBN 9781451974065 145197406X 9781452793719 1452793719 146238045X 9781462380459 1589063503 9781589063501

Other Titles Challenges of the next step in European integration

  Permalink