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Comments on “The Maastricht Criteria on Price and Exchange Rate Stability and the ERM II,” by György Szapàry†

Comments on “The Maastricht Criteria on Price and Exchange Rate Stability and the ERM II,” by György Szapàry† »

Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

The paper gives an excellent overview of the issues involved in the participation in the Exchange Rate Mechanism II (ERM II). In my remarks, I would like to discuss the following four questions: (1) Is there...

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

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

Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

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 Austri...

2 Enlarging the EU: Accession Requirements and the Central European Candidates

2 Enlarging the EU: Accession Requirements and the Central European Candidates »

Source: Into the EU : Policy Frameworks in Central Europe

Series: Books

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2002

ISBN: 9781589060845

Keywords: inflation, exchange rate, capital inflows, fiscal policy, expenditure

The principle of an EU enlargement toward central and eastern Europe was first announced at the European Council meeting of Copenhagen in June 1993. This committed the European Union to admitting countries t...

Equilibrium Exchange Rates in Transition Economies

Equilibrium Exchange Rates in Transition Economies »

Source: Equilibrium Exchange Rates in Transition Economies

Volume/Issue: 1996/125

Series: IMF Working Papers

Author(s): Lionel Halpern , and Charles Wyplosz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1996

ISBN: 9781451854794

Keywords: exchange rate, wage, real exchange rate, wages, exchange rates

A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appr...

7 Euro Adoption and the Labor Market

7 Euro Adoption and the Labor Market »

Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

It is often argued that early European Monetary Union (EMU) participation by the new member states (NMS) should be discouraged on the grounds that they would lose the use of the exchange rate and interest ra...

Euro Adoption in Central and Eastern Europe
			: Opportunities and Challenges

Euro Adoption in Central and Eastern Europe : Opportunities and Challenges »

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

DOI: http://dx.doi.org/10.5089/9781589063709.072

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

Eight central and eastern European countries--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, and Slovenia--officially joined the European Union (EU) in May 2004. This auspicious m...

Back Matter

Back Matter »

Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

Eight central and eastern European countries--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, and Slovenia--officially joined the European Union (EU) in May 2004. This auspicious m...

Front Matter

Front Matter »

Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

Eight central and eastern European countries--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, and Slovenia--officially joined the European Union (EU) in May 2004. This auspicious m...

10 Euro Adoption in the Accession Countries: Vulnerabilities and Strategies

10 Euro Adoption in the Accession Countries: Vulnerabilities and Strategies »

Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

Euro adoption in the Central European countries that will shortly accede to the European Union (EU) provides an opportunity to significantly boost the pace of convergence of income levels to those of existin...

4 Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe

4 Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe »

Source: Euro Adoption in Central and Eastern Europe : Opportunities and Challenges

Series: Seminar Volumes

Author(s): Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2005

ISBN: 9781589063709

Keywords: exchange rate, inflation, monetary policy, monetary union, exchange rate stability

In May 2004, eight Central and Eastern European (CEE) countries joined the European Union (EU). Bulgaria and Romania are expected to follow by 2007. The eastern enlargement of the EU heralds the enlargement...