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Acting Chair’s Concluding Remarks

Acting Chair’s Concluding Remarks »

Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2005

ISBN: 9781589063501

Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange

Adopting the Euro in Central Europe—Challenges of the Next Step in European Integration—Executive Board Seminar, February 18, 2004 95...

Adopting the Euro in Central Europe
			: Challenges of the Next Step in European Integration

Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2005

DOI: http://dx.doi.org/10.5089/9781589063501.084

ISBN: 9781589063501

Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to rep...

Back Matter

Back Matter »

Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2005

ISBN: 9781589063501

Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to rep...

Front Matter

Front Matter »

Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2005

ISBN: 9781589063501

Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to rep...

I Overview and Policy Conclusions

I Overview and Policy Conclusions »

Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2005

ISBN: 9781589063501

Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange

The first wave of transition countries to join the European Union (EU) are turning their attention to the next step in their integration with Europe—replacing their national currencies with the euro. Upon ac...

I Stabilization in the Baltic Countries: Early Experience

I Stabilization in the Baltic Countries: Early Experience »

Source: Road Maps of the Transition : The Baltics, the Czech Republic, Hungary, and Russia

Series: Occasional Papers

Author(s): Michael Marrese , Mark Lutz , Tapio Saavalainen , Vincent Koen , Biswajit Banerjee , and Thomas Krueger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1995

ISBN: 9781557755193

Keywords: inflation, exchange rate, monetary policy, monetary fund, capital inflows

In mid-1992, each of the Baltic countries adopted comprehensive stabilization and reform programs. Economic conditions were very difficult; real output was falling sharply, and prices were soaring. To a larg...

II Assessing the Long-Run Benefits of Euro Adoption

II Assessing the Long-Run Benefits of Euro Adoption »

Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2005

ISBN: 9781589063501

Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange

The first step in the CECs’ decisions about the timing of euro adoption entails reaching a view on long-term benefits and costs. Unlike for the United Kingdom and Denmark (Box 2.1), the outcome of this asses...

II The Transformation Path in the Czech Republic

II The Transformation Path in the Czech Republic »

Source: Road Maps of the Transition : The Baltics, the Czech Republic, Hungary, and Russia

Series: Occasional Papers

Author(s): Michael Marrese , Mark Lutz , Tapio Saavalainen , Vincent Koen , Biswajit Banerjee , and Thomas Krueger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1995

ISBN: 9781557755193

Keywords: inflation, exchange rate, monetary policy, monetary fund, capital inflows

It is a common perception that among Central and East European countries the Czech Republic has been most successful to date in moving to a market-oriented economy. Macroeconomic developments, especially as...

III Developments and Challenges in Hungary

III Developments and Challenges in Hungary »

Source: Road Maps of the Transition : The Baltics, the Czech Republic, Hungary, and Russia

Series: Occasional Papers

Author(s): Michael Marrese , Mark Lutz , Tapio Saavalainen , Vincent Koen , Biswajit Banerjee , and Thomas Krueger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 1995

ISBN: 9781557755193

Keywords: inflation, exchange rate, monetary policy, monetary fund, capital inflows

In contrast to other previously centrally planned countries in Central and Eastern Europe, Hungary has always been distinguished by the “gradualist” approach it has taken toward economic and institutional re...

III Long-Term Costs of Losing Monetary Policy

III Long-Term Costs of Losing Monetary Policy »

Source: Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2005

ISBN: 9781589063501

Keywords: Euro, exchange rate, inflation, monetary policy, exchange rates, foreign exchange

The principal economic costs of joining a currency union stem from the effects of giving up an independent monetary policy on the stability of growth and inflation. A long tradition of assessing these costs...