Comments on “Real Convergence, Economic Dynamics, and the Adoption of the Euro in the New European Union Member States,” by Sue Owen
Author:
Susan M Schadler
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Language:
English
Print Publication Date:
18 Apr 2005
Keywords:
SEM; euro; exchange rate; country; CEE country; ERM II; EMU economy; acceding country; ECB paper; Exchange rates; Inflation; Exchange rate arrangements; Monetary unions; Exchange rate stability; Central and Eastern Europe; Europe; Baltics; Western Europe; Global

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.

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Cover Euro Adoption in Central and Eastern Europe
Euro Adoption in Central and Eastern Europe
Opportunities and Challenges
ISBN:
9781589063709
Publication Date:
18 Apr 2005
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589063709.072
Pages:
214
Front Matter
I Introduction
Part I Real Convergence and Euro Adoption
Part II Role of Monetary Independence in the Accession Countries
Part III Preconditions for Successful Euro Adoption: Fiscal Policy and Labor Markets
Part IV Preconditions for Successful Euro Adoption: Financial Markets and Macro Frameworks
Part V Strategies for Euro Adoption: Key Considerations
Back Matter