Comments on “Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe,” by M. J. Artis
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; regimes invite; enlargement country; inflation control; Conventional peg

Abstract

The De Grauwe and Schnabl paper has two parts. The first part focuses on the reasons why the enlargement countries are so (justifiably) eager to join the euro zone. The second part is an empirical exercise. It seeks to distill from the experience of the enlargement countries the advantages they have received in terms of inflation control and growth stimulus from pursuing fixed exchange rate regimes, in so far as they have been able to do so.

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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

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