Comments on “Two Roads to the Euro: The Monetary Experiences of Austria and Greece,” by Mitja Gaspari
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

Policymakers from one country study other countries’ relevant prior experiences. As their country prepares to enter the euro area, Slovenia’s policymakers have shown particular interest in the case of Austria, neighbor country, and the case of Greece, the newest country to join the euro area. Slovenia is similar to Austria, especially in economic structure; Slovenia is also similar to Greece in level of real convergence and inflation development.

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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