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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...

Exchange Rates in Central Europe

Exchange Rates in Central Europe »

Source: Exchange Rates in Central Europe : A Blessing or a Curse?

Volume/Issue: 2004/2

Series: IMF Working Papers

Author(s): Louis Kuijs , and Alain Borghijs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2004

ISBN: 9781451841794

Keywords: Czech Republic, Exchange rates, Foreign exchange, Hungary, Poland, Slovak Republic, Slovenia, structural VAR, accession, CECs

Central European accession countries (CECs) are currently considering when to adopt the euro. From the perspective of macroeconomic stabilization, the cost or benefit of giving up a flexible exchange rate depends o...

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...

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...

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...

Exchange Rates in Central Europe
			: A Blessing or a Curse?

Exchange Rates in Central Europe : A Blessing or a Curse? »

Volume/Issue: 2004/2

Series: IMF Working Papers

Author(s): Louis Kuijs , and Alain Borghijs

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2004

DOI: http://dx.doi.org/10.5089/9781451841794.001

ISBN: 9781451841794

Keywords: Czech Republic, Exchange rates, Foreign exchange, Hungary, Poland, Slovak Republic, Slovenia, structural VAR, accession, CECs

Central European accession countries (CECs) are currently considering when to adopt the euro. From the perspective of macroeconomic stabilization, the cost or benefit of giving up a flexible exchange rate depends o...

IV What Do the CECs Bring to Euro Adoption?

IV What Do the CECs Bring to 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

Accession to the EU and conforming to the acquis communautaire will result in a marked convergence of the CECs’ legal, administrative, and infrastructural attributes to those of the EU. But the quite differe...