6 Fiscal Policy Challenges for European Union Acceding Countries
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; CEE countries dummy; government-spending-to-GDP ratio; EU economy; General government budget deficits; EU membership; Budget planning and preparation; Social security contributions

Abstract

European Union (EU) membership has important consequences for the fiscal policies of the new member states. While fiscal policy remains a national responsibility for European Monetary Union (EMU) member states, it is placed under several constraints and subject to a variety of procedures.1 These constraints and procedures aim at coordinating the fiscal policies of the member states to achieve certain Community goals and at safeguarding the sustainability of the member states’ public finances.

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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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