Comments on “Real Convergence, Economic Dynamics, and the Adoption of the Euro in the New European Union Member States,” by Sue Owen

Abstract

These comments draw both on the European Central Bank (ECB) paper by Christian Thimann and on the United Kingdom’s assessment of the five economic tests (convergence, flexibility, investment, financial services, and growth/stability/employment) for European Monetary Union (EMU) entry in order to draw insights for accession countries on their approach to the EMU.